Aug 09 2008
The Senate Republicans join the revolt with a video plea to Senate Democrats
Sometimes it is the simple and obvious truth that is the most persuasive.
This video leaves no doubts that the Senate Republicans favor a balanced approach to our energy needs, and that they want to begin the quest for solutions immediately. (Hat Tip Sean)
Finally. A no brainer, no nonsense and common sense approach.
Find more: Meaning find more energy, not just find more oil. Yes that means getting more domestic petroleum, but it also means researching and developing new technology. This is such an obvious answer to the problem. New oil reserves and new alternative energy are both solutions that benefit us years ahead, so why favor one over the other when neither has an immediate impact?
Let both run their course, and see what our options are in 10 years.
Use less: Again, a no brainer. No answer in the short term has a better chance of any impact then conservation. Using less lowers demand, which increases existing supplies and lowers prices. Any free market advocate knows that.
Having lower needs allows any new technology a better chance of success as well.
It is also an element of responsible environmental stewardship, which the liberals should love.
But apparently not. The Democrats in congress apparently favor the blame the oil barons, blame Bush and blame the American people, while doing nothing to solve any of the problems. They prefer to jet off on vacation.
Brilliant strategy.
Early this year I thought the war would be the premier issue in the campaign, but that has changed.
The focal point of the Congressional elections is now oil, and the Republicans have the upper hand at this point by reason of their demands to do something in the face of Democratic apathy.
Here is the summary of their proposal.
THE GAS PRICE REDUCTION ACT OF 2008
Summary of Provisions
TITLE I – DEEP SEA EXPLORATION (OCS)
14 Billion Barrels On Atlantic and Pacific OCS – More Than All US Imports From Persian Gulf Countries Over The Last 15 Years – 1 million barrels per day
• State Option Nationwide (except Gulf of Mexico) Governor petitions to allow exploration, with concurrence of state legislature
• Exploration must be at least 50 miles from coast
• 50% of revenues to Federal Treasury, 37.5% to States, 12.5% to Land & Water Conservation Fund
TITLE II: WESTERN STATE OIL SHALE EXPLORATION
More Than 3 Times The Oil Reserves Of Saudi Arabia
• 800 billion - 2 trillion potentially recoverable barrels in Colorado, Utah, Wyoming
• Democrat Congress put moratorium on final regulations for development of this resource
• Republican proposal would repeal the moratorium and allow exploration to move forward
TITLE III: PLUG-IN ELECTRIC CARS AND TRUCKS
• We need better batteries to maximize electricity range & use less gas
• Increased R&D for advanced batteries
• Direct Loans for advanced battery manufacturing facilities
• Sense of Senate that the Federal Government should increase its purchases of these vehicles
TITLE IV: STRENGTHENING U.S. FUTURES MARKETS
• Authorize increased funding/staff for Commodities Futures Trading Commission (CFTC)
• Directs the President’s Working Group on Financial Markets to study the international regulation of commodities markets
• Codifies CFTC action on Position Limits and Transparency for Foreign Boards of Trade
• Requires the CFTC to Gather Information on Index Traders and Swap Dealers
Trackposted to Perri Nelson’s Website, Blog @ MoreWhat.com, Rosemary’s Thoughts, Right Truth, Shadowscope, Cao’s Blog, The Amboy Times, Democrat=Socialist, Conservative Cat, Nuke’s, Diary of the Mad Pigeon, Allie is Wired, Political Byline, A Newt One- Congressman Frank Wolf!, third world county, Woman Honor Thyself, McCain Blogs, DragonLady’s World, The World According to Carl, , Pirate’s Cove, The Pink Flamingo, , Dumb Ox Daily News, and Right Voices, thanks to Linkfest Haven Deluxe.
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