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Wednesday, May 26, 2004

Kerry's Oil Plan


"To force lower gas prices and ease U.S. reliance on oil, Kerry said he would invest $10 billion -- $1 billion a year for 10 years -- in new incentives for the U.S. automobile industry to build more fuel-efficient vehicles.
He also would offer consumers a $4,000 tax credit toward the purchase of such a vehicle.
Kerry also wants to temporarily stop filling the Strategic Petroleum Reserve -- which holds oil stocks in case of a serious supply disruption -- to put downward pressure on prices."


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