Pelosi backs begging
This entry was posted on 3/19/2008 7:42 PM and is filed under Global Peak Oil,Energy Policy,OIL,Elected representatives.
Not to be outdone by the Bush Administration, House Speaker Nancy Pelosi sent a letter to Vice President Cheney last week encouraging begging for oil as a cornerstone of U.S. energy policy. In fairness, she also has led on legislation to end subsidies for non-renewable energy. But, begging OPEC members to 'open the spigots' flies in the face of a sustainable energy policy AND contradicts the very goals outlined in her letter.
Excerpts:
".....our growing dependence on foreign oil have caused great hardship for American families and businesses struggling to make ends meet in this economic downturn."
Yes
".....your upcoming trip to the Middle East provides an opportunity for you, on behalf of the Bush Administration, to call upon your considerable influence with OPEC nations to encourage oil producing countries to increase their oil production."
Ouch
"This must be another critical step as part of a comprehensive plan here at home to lower energy costs for the American consumer, increase energy independence, and enhance our national security."
If OPEC does 'open the spigots', our energy dependence will of increase and our national security will decrease. Three words: Global peak oil.
"The House of Representatives has again passed legislation to significantly expand our renewable American energy industry in a fiscally responsible way, paid for by ending taxpayer subsidies to the five largest oil companies which are earning record profits. This legislation is pending in the Senate. These subsidies cannot be condoned at today's historically high oil prices. When oil was just $55 a barrel--half the current price--the President said that such subsidies could no longer be justified.
Agree, but not sure why subsidies are being ended only for the five largest oil companies.
The second and third excerpts leave me speechless.
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