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For decades the environmental
lobby has controlled Democratic legislators in Congress on domestic oil
drilling. They have BLOCKED companies from drilling for oil in places that
contain billions of barrels of proven reserves.
China and Cuba are now actively
exploring oil fields 50 miles from Key West, Florida.
China has a rotten environmental record and is preparing to grab our close,
lucrative oil reserves.
The Republicans continue to submit proposals to explore and use our domestic
natural resources. The Democrat majority controlled House and Senate will
not let the bills out. During the Republican controlled years a bill was passed to allow drilling in
Alaska (ANWAR). Bill Clinton vetoed the bill. The year was 1995. If it was
not BLOCKED the U.S. NOW would have a million barrels of oil a day from this
source alone, enough for 27 million gallons of gas and diesel.
Hurricane Katrina roared directly over the hundreds Gulf of Mexico oil
platforms not one drop of oil was spilt and not one platform disabled. Newer
technology has made them safe.
Both
Obama and the all Democrats have no rational plan to ease the oil crisis. They are blaming the U.S. oil companies
and want to sue them for their profits. Republicans
keep trying to get a bill before the Congress.
This Congress is possibly the most irresponsible
in modern history. This is especially true when it comes
to America's
dysfunctional energy policy. The liberal media won't call either the House
or the Senate on its failures, for one very obvious reason: They mostly
share an ideology with the Democrats that keeps them from understanding how
free markets and supply and demand really work.
President Bush recently harshly criticized Congress for its inaction and
ignorance in his press conference.
"Many Americans are understandably anxious about issues affecting their
pocketbook, from gas and food prices to mortgage and tuition bills," Bush
said. "They're looking to their elected leaders in Congress for action.
Unfortunately, on many of these issues, all they're getting is delay."
Bush reeled off a bill of particulars of congressional energy inaction,
including:
Failing to allow drilling in ANWR. We have, as Bush noted, estimated
capacity of a million barrels of oil a day from this source alone - enough
for 27 million gallons of gas and diesel. But Congress won't touch it,
fearful of the clout of the environmental lobby. As a result, you pay at the
pump so your representative can raise campaign cash.
Refusing to build new refineries. The U.S. hasn't built one since 1976, yet
sanctions at least 15 unique "boutique" fuel blends around the nation. So
even the slightest problem at a refinery causes enormous supply problems and
price spikes. Congress has done nothing about this.
Turning its back on nuclear power. It's safe and, with advances in nuclear
reprocessing technology, waste problems have been minimized. Still, we have
just 104 nuclear plants -- the same as a decade ago -- producing just 19% of
our total energy. (Many European nations produce 40% or more of their power
with nuclear.) Granted, nuclear power plants are expensive -- about $3
billion each. But they produce energy at $1.72/kilowatt-hour vs. $2.37 for
coal and $6.35 for natural gas.
Raising taxes on energy producers. This is where a basic understanding of
economics would help: Higher taxes and needless regulation lead to less
production of a commodity. So by proposing "windfall" and other taxes on
energy companies plus tough new rules, Congress makes our energy situation
worse.
These are just a few of Congress' sins of omission -- all while India,
China, Eastern Europe and the Middle East add more than a million barrels of
new demand each and every year. New Energy Department forecasts see world
oil demand growing 40% by 2030, including a 28% increase in the U.S.
Americans who are worried about the direction of their country, including
runaway energy and food prices, should keep in mind the upcoming election
isn't just about choosing a new president. We'll also pick a new Congress.
The current Congress, led on the House side by a speaker who promised a
"common sense plan" to cut energy prices two years ago, has shown itself to
be incompetent and irresponsible. It doesn't deserve re-election. |
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