United States - June 23
by Staff
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Actually, it’s more sophisticated than that: Get Saudi Arabia, our chief oil pusher, to up our dosage for a little while and bring down the oil price just enough so the renewable energy alternatives can’t totally take off. Then try to strong arm Congress into lifting the ban on drilling offshore and in the Arctic National Wildlife Refuge. It’s as if our addict-in-chief is saying to us: “C’mon guys, you know you want a little more of the good stuff. One more hit, baby. Just one more toke on the ole oil pipe. ... [President Bush] hasn’t lifted a finger to broker passage of legislation that has been stuck in Congress for a year, which could actually impact America’s energy profile right now - unlike offshore oil that would take years to flow - and create good tech jobs to boot. That bill is H.R. 6049 - “The Renewable Energy and Job Creation Act of 2008,” which extends for another eight years the investment tax credit for installing solar energy and extends for one year the production tax credit for producing wind power and for three years the credits for geothermal, wave energy and other renewables. These critical tax credits for renewables are set to expire at the end of this fiscal year and, if they do, it will mean thousands of jobs lost and billions of dollars of investments not made. ... [A real president would] give us a big strategic plan to end our addiction to oil and build a bipartisan coalition to deliver it. He certainly wouldn’t be using his last days in office to threaten Congressional Democrats that if they don’t approve offshore drilling by the Fourth of July recess, they will be blamed for $4-a-gallon gas. That is so lame. That is an energy policy so unworthy of our Independence Day.
Instead, Bodman's pronouncement in Japan, before the energy chiefs of eight industrialized countries, drew virtually no notice. Bodman did not use the term "peak oil," but the situation he described, flat global oil production dating back to 2005, coupled with ever-increasing demand, including hefty increases in demand from China and India, precisely fits the paradigm of peak oil. A. ROBERT THURMAN is a retired administrative law judge for the Utah Public Service Commission. He taught commercial law at Utah State University and was in private law practice with a natural resources law firm.
This is about more than our immediate discomfort with $4 gasoline. Embedded in the energy debate are questions about global warming, the competitiveness of the U.S. economy and the apparent decline in middle-class living standards. ... The frustrating thing about this standoff is that both sides have it half-right. Republicans are right that we need more oil and gas drilling, more refineries and a revival of nuclear power. And Democrats are right in demanding that we finally get serious about conservation, crack down on speculation and market manipulation, and recycle windfall profits into alternative energy sources.
These lawmakers ask why oil and gas companies want more access to federal lands to drill if they aren't using all of the 68 million acres they already have? Anyone with even the most basic understanding of how oil and natural gas are produced - and this should include many members of Congress - knows that claims of "idle" leases are a diversionary feint.
U.S. households, forced to spend more at the gasoline pump, are shifting away from pricier items and cutting down on miles driven, while companies are planning to invest in more energy-efficient equipment to control costs. |
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