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Reps. Peter Roskam and John Shimkus will detail the proposal - which they dub the Energy VISION Act - at a Chicago press conference this morning. It seeks to cut American oil imports by 9.5 million barrels a day, which would theoretically allow the country to run only on oil produced in Canada, Mexico, and the United States and its territories.

The plan mixes conservation and alternative fuel production with aggressive domestic energy exploration, including drilling offshore and in the Arctic National Wildlife Refuge and opening vast swaths of land to oil shale development. Democrats have criticized similar domestic production proposals in other Republican energy bills, saying they will do little to reduce gasoline prices in the short- or medium-term.

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THE AVIATION FUEL PRIZE
l $177.6M prize for a direct drop-in replacement aviation fuel
l The aviation fuel must be usable in existing engines and infrastructure, reduce emissions, be domestically derived, and provide stability to the airline industry

THE NEW CAR PRIZE
l $177.6M prize for a new generation of cars
l The new car must go 750 miles between refueling and maintain size and performance characteristics while remaining within 110% of the cost of current comparable models

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Democrats have criticized similar domestic production proposals in other Republican energy bills, saying they will do little to reduce gasoline prices in the short- or medium-term.

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