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POPSEnvironmentalists Hold On Congress
What's the political response to our energy problems? It's more congressional and White House kowtowing to environmentalists, farmers and multi-billion dollar corporations such as Archer Daniels Midland. Their “solution," rather than to solve our oil supply problem by permitting drilling for the billions upon billions of barrels of oil beneath the surface of our country, is to enact the Energy Independence and Security Act of 2007 that mandates that oil companies increase the amount of ethanol mixed with gasoline. Anyone with an ounce of brains would have realized that diverting crops from food to fuel use would raise the prices of corn-fed livestock, such as pork, beef, chicken and dairy products, and products made from corn, such as cereals. Ethanol production has led to increases in other grain prices, such as soybean and wheat. Since the U.S. is the world's largest grain producer and exporter, higher grain prices have had a huge impact on food prices worldwide.
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POPSWho Will Pay For The Politicians Promises? Because of onerous regulations, it has been 30-plus years since a new refinery has been built. Similar regulations also explain why the U.S. nuclear energy production is a fraction of what it might be. Congress' solution to our energy supply problems is not to relax supply restrictions, but to enact the Energy Independence and Security Act of 2007 that mandates that oil companies increase the amount of ethanol mixed with gasoline. Anyone with an ounce of brains would have realized that diverting crops from food to fuel use would raise the prices of a host of corn-related foods, such as corn-fed meat and dairy products. Wheat and soybeans prices have also risen as a result of fewer acres being planted in favor of corn. Congress' proposed "solutions" to the energy and food mess it has created include a windfall profits tax on oil companies, food stamps, etc. These measures will not solve the problem, but will create new problems.
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POPSPelosi To President Bush On Gas Prices Your support is the more critical as your Administration has failed to persuade OPEC to increase their oil production, despite your influence with OPEC nations. The New Direction Congress is providing forward-looking leadership that will fuel America’s energy future, save Americans’ money, create good jobs, improve our national security, and preserve our planet for our children. This critical issue needs Presidential leadership and I urge you to please join us to address the skyrocketing price at the pump. best regards, NANCY PELOSI House GOP challenges Pelosi for gas price plan House Republican leaders on Tuesday challenged Nancy Pelosi to release a plan to lower gas prices that they say Democrats touted when they were in the minority. (Press release dated April 24, 2006, Pelosi said, “Democrats have a commonsense plan to help bring down skyrocketing gas prices.....) http://thehill.com/leading-the-news/house-gop-challenges-pelosi-for-gas-price-plan-2008-04-22.html
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POPSEnergy Rules Risk Plunging US Into Trade Dispute With Canada The letter cited estimates that oil from tar sands produces 14 per cent to 40 per cent more greenhouse gas than conventional oil because of the energy consumed in extracting and refining it. The law was drafted in response to US air force plans to build its own "coal-to-liquids" fuel plants, the letter said. But lawyers warn that, though they apply equally to domestic and imported fuels, such policies could be seen as an unfair restraint on trade if they have a disproportionate impact on exporters of oil from tar sands. "The US could end up being accused of de facto discrimination based on where these petroleum deposits are found." The Pentagon said it would comply with federal guidelines but claimed the legislation did not rule out buying fuel from coal-to-liquids or tar sands. It could not say why it disagreed with Congress on this point. The US trade representative's office did not respond to a request for comment.
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POPSThe Energy Bill Ayn Rand is absolutely amazing for foretelling this type of governmental intervention.
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