William Tate over at The American Thinker examines 10 reasons to blame Congress about oil prices being so high, including the drilling restricitons placed on the ANWR and coastal plains, the push for alternative energy such as ethanol, environmental resistance to utilizing proven technologies such as nuclear power and coal liquification, the standstill in constructing new refineries, a private oil industry consolidation that occurred during the Clinton administration, the myth about global warming, rampant commodities speculation on energy resources, and the Democratic defeat of the Bush administration's 2001 Energy Plan, which had key proposals in the following areas:
-Promote new oil and gas drilling
-Build new nuclear plants
-Improve electricity grid and build new pipelines -$10bn in tax breaks to promote energy efficiency and alternative fuels
The one other key item regarding oil prices that Congress doesn't get the blame on is the fact the developing world's increased demand for oil. However, this would not be the significant problem it is today if the ten reasons above had been addressed in the past by Congress, regardless of which party is in power.
Monday, June 16, 2008
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"The one other key item regarding oil prices that Congress doesn't get the blame on is the fact the developing world's increased demand for oil."
Congress could have voted to declare war on, or otherwise to oppress these 'developing' oil consumers. Once bombed back to the stone age these industrial late-comers wouldn't need much oil.
You can always blame Congress if you stretch a bit.
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