Relief Now on the Road to Renewable Energy Act of 2008

[AI summary unavailable — showing source text] Relief Now on the Road to Renewable Energy Act of 2008 - Instructs the Secretary of the Treasury to promulgate certain tax regulations relating to election to expense certain refineries. Provides for tax-exempt financing of domestic use oil refinery facilities. Instructs the President to designate sites for oil or natural gas refineries on federal lands, including closed military installations. Prohibits the Nuclear Regulatory Commission (NRC) from denying an application for a license or permit based upon either insufficient capacity or nonavailability for disposal of spent nuclear fuel or high-level radioactive waste. Amends the Internal Revenue Code to: (1) modify the business-related credit for the American Society of Mechanical Engineers (ASME) nuclear component certification; (2) apply the tax credit for producing fuel from nonconventional sources to gas produced onshore from formations more than 15,000 feet deep; and (3) grant a tax credit for carbon dioxide captured from industrial sources and used as tertiary injectant in enhanced oil and natural gas recovery. Terminates congressional moratoria on oil and gas development on the Outer Continental Shelf (OCS). American-Made E…