I am certain that most of you are already aware of this, but incase it slipped your mind, please go sign this petition: http://www.americansolutions.com/actioncenter/petitions/?Guid=54ec6e43-75a8-445b-aa7b-346a1e096659
it is put out by newt gingrich, former speaker of the house and head of American Solutions and is being billed as “a real change campaign to lower your gas prices.”. with congress sitting on their hands blaming everyone from Ronald Reagan to george bush to little green men from planet mars, the price of oil (and gas) continues to increase. this know/do nothing congress thinks that they are somehow going to lower prices by taxing the oil companies more and mandating feasible alternative energy.
this petition is very simple – it says “drill here. drill now. pay less.” the official language of the petition is thus:
We, therefore, the undersigned citizens of the United States, petition the U.S. Congress to act immediately to lower gasoline prices (and diesel and other fuel prices)* by authorizing the exploration of proven energy reserves to reduce our dependence on foreign energy sources from unstable countries.
a recent cnn poll found that while none are too happy about higher prices at the pump, the bigger fear of the american populace is a shortage of gas:
A CNN/Opinion Research poll released Tuesday shows that 55% of those surveyed are more worried about long lines at gas stations and rationing than about the high prices that drivers have paid in recent months. The poll shows 40% of the respondents are more concerned about the high prices.
While gas rationing is not expected at this time, it was a hallmark of the 1970s-era energy crisis, when drivers lined up outside gas stations and sales of gas were limited to certain days of the week.
However, at that time, gas was in short supply, which is not the case today.
but gas is fixin' to be in short supply as more and more oil is REQUIRED by more and more . and in terms of gas manufactured from oil in our country, it is in short supply already and has been for quite sometime.
we have not drilled a new well in this country since 1973. we are the only country in the world with PROVEN oil deposits who is not allowed to go get the oil. there are oil deposits available via adjacent drill sites in the likes of Montana that will provide us with oil in months not years and we can’t go get it.
meanwhile the esteemed [liberal] members of our current congress were just blocked by republican fillibuster from creating the very thing that most americans are afraid of. the provisions of this bill are mind-boggling; how on earth can anyone believe that we can decrease our price at the pump by taxing the very people selling the product? has no one in congress ever taken even econ 101? or sat down with a pencil, some paper and a calculater for that matter. the provisions of the bill:
The windfall profits bill would have imposed a 25 percent tax on profits over what would be determined "reasonable" when compared to profits several years ago. The oil companies could have avoided the tax if they invested the money in alternative energy projects or refinery expansion. It also would have rescinded oil company tax breaks â€” worth $17 billion over the next 10 years â€” with the revenue to be used for tax incentives to producers of wind, solar and other alternative energy sources as well as for energy conservation.
The legislation also would:
_Require traders to put up more collateral in the energy futures markets and open the way for federal regulation of traders who are based in the United States but use foreign trading platforms. The measures are designed to reduce market speculation.
_Make oil and gas price gouging a federal crime, with stiff penalties of up to $5 million during a presidentially declared energy emergency.
the republicans, who generally vie with the democrats for who has the least understanding economics get kudos for this, in my humble opinion. and, btw, they successfully blocked a broad $50m tax measure that would have extended tax breaks for wind, solar and other alternative energy development. read the whole article here.
it's a real pity that republicans didn't take care of all of this when they had control of both houses of congress. but this isn't really about republicans vs. democrats - if the republicans really believed that free markets were the best way to manufacture and sell gasoline, they would have made certain drilling had been legalized, refineries were expanded (or new ones created) and nuclear power plants would be in the process of being built. however, looking for whatever silver lining i can find, i'm thankful they have recently discovered the evils of federal regulations of markets - at least in the oil markets...
it may just be that the republicans are playing politics and getting lucky to be on the side of the what the majority of americans want. or, it may be that the republican leadership across the nation has finally heard us and is going to reign themselves back in. too soon to tell, but it is a step in the right direction.
while Obama and his ilk are positing that we need to end speculation, mccain and his cronies are beginning to grow a spine - at least where oil extraction and gasoline production are concerned.
let's help them out and show them that the american people are no longer willing to let huge deposits of OUR oil go untapped. show the republican leadership and the u.s. congress that the enivromental wackos do NOT speak for us and they do not have a louder voice than we reasonable, intelligent, conservatives.
what say ye?