Democrats' Energy Plan: Tax, Sue, and Investigate

Democrats' Energy Plan: Tax, Sue, and Investigate

"But Democrats made clear they have other priorities. They want to tax, sue and investigate their way out of this problem."

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Cyclist's picture
Submitted by Cyclist on Sat, 05/10/2008 - 8:22am.

might be interesting;

Re: 1973 Oil Embargo and the economic effects

The Western nations' central banks decided to sharply cut interest rates to encourage growth, deciding that inflation was a secondary concern. Although this was the orthodox macroeconomic prescription at the time, the resulting stagflation surprised economists and central bankers, and the policy is now considered by some to have deepened and lengthened the adverse effects of the embargo.
(Wikipedia)

Are we not going down this same road again?
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Main Stream's picture
Submitted by Main Stream on Sat, 05/10/2008 - 9:42am.

We really have done this to ourselves (high oil prices) and it is affecting our entire economy now, in the way of higher prices for everything including food. I saw on the news last night how even food banks are running out of food, donations are down, and folks from the middle-upper middle classes are showing up at the food banks requesting food.

Our country tried to finance a war on credit while simultaneously providing tax cuts. Lowering the interest rate to stimulate growth caused the dollar's value to plunge and speculators stepped in bidding on commodities (oil) and the price skyrocketed.

Here's a recent press release from OPEC. The high oil price has nothing to do with supply. According to OPEC, they are producing the same amount. Even though developing countries like China are using more oil, supplies continue to be plentiful. The U.S. has manipulated their own market economy so much and the end result is higher prices for everything.

OPEC - MAY 8TH


JeffC's picture
Submitted by JeffC on Thu, 05/08/2008 - 1:08pm.

An amazingly distorted article by John Cornyn, ExxonMobile’s bought and paid for goto guy in the Senate.

Big Oil's 10 favorite members of Congress

For anyone interested in Obama’s actual energy policy here is a brief outline:

- Invest $150 billion over 10 years to advance the next generation of biofuels and fuel infrastructure, accelerate the commercialization of plug-in hybrids, promote development of commercial-scale renewable energy, invest in low-emissions coal plants, and begin the transition to a new digital electricity grid.

- Address the safety and waste storage issues surrounding nuclear energy and build more nuclear reactors.

- Require that 25 percent of electricity consumed in the U.S. is derived from clean, sustainable energy sources, like solar, wind and geothermal by 2025

- Double science and research funding for clean energy projects including those that make use of our biomass, solar and wind resources.

- Establish a federal investment program to help manufacturing centers modernize

- Create a Clean Technologies Venture Capital Fund to fill a critical gap in U.S. technology development. The fund will partner with existing investment funds and our National Laboratories to ensure that promising technologies move beyond the lab and are commercialized in the U.S

- Increase the resources devoted to the commercialization and deployment of low-carbon coal technologies.

- Including tax incentives developing the most promising technologies with the goal of getting the first two billion gallons of cellulosic ethanol into the system by 2013

- Double fuel economy standards within 18 years. His plan will provide retooling tax credits and loan guarantees for domestic auto plants.

To contrast, here is McCain’s policy which I am sure is supported by Cornyn since it basically says nothing except give more tax breaks to the oil companies. Read it and weep:

John McCain's Speech On Energy Policy


carbonunit52's picture
Submitted by carbonunit52 on Thu, 05/08/2008 - 11:56am.

(up until now) Say, or don't say, whatever is needed to get votes, and chant that cheap, plentiful energyh is an American birthright.

Vote Solar. For the conservatives, it is for independence from foreign oil, for liberals, it for the good of the environment.


Cyclist's picture
Submitted by Cyclist on Thu, 05/08/2008 - 3:02pm.

ah let me see here,...... we ain't got no plan. Smiling

I suspect that as oil continues its gravity defying ascent we might see other sources such as oil shale and tar sands. But it will not be cheap.

As Carbon says, solar might be one answer.
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Caution - The Surgeon General has determined that constant blogging is an addiction that can cause a sedentary life style.


carbonunit52's picture
Submitted by carbonunit52 on Thu, 05/08/2008 - 4:07pm.

Clarification: My first comment on the US energy plan was a summary of what has actually been accomplished up until now.

Biofuels from food products, or from sources that were converted away from food production, are a bad idea. Already, food costs and availability have been adversely affected, and the net gain in energy is little.

Coal is a filthy fuel. "Clean coal" technology is still filthy. Mining coal degradates the environment when it is done carefully, and destroys it when given a chance. Take a good look at the "mountain-top mining" that is now being done.

Oil from tar sands/shale consumes vast quantities of fresh water, another resource that we cannot afford to lose.

Nuclear is being discussed again. I lived a few miles away from the Three Mile Island nuclear reactor when it had it's partial meltdown. That is one hell of a way to boil water, and no one has come up with a way safely dispose of the waste. How do you make a warning sign that lasts 10,000 years?

Wind, tide energy, and geothermal, all have their contribution to make.

Solar. The energy equivilant of one hour of sunshine reaching the earth is equal to all of the world's energy consummed in a year.
Right now, two solar plants are being developed in the California desert that will produce 250 and 300 MW of power (the functioning reactor at Three Mile Island produces 857 MW). These two plants will consume NOTHING, produce NO polution, and are taking up 0 sf of ariable land. Vote Solar.


Cyclist's picture
Submitted by Cyclist on Thu, 05/08/2008 - 4:18pm.

Yep, I can't wait for my electric car. No more oil or spark plug changes, looking for vacuum leaks, etc!!! Batteries might be another story though.

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Caution - The Surgeon General has determined that constant blogging is an addiction that can cause a sedentary life style.


JeffC's picture
Submitted by JeffC on Thu, 05/08/2008 - 4:16pm.

So you’re against coal claiming its filthy, clean coal is still filthy, you’re against mining coal and you’re down on oil from shale too, huh? Now let’s see… what do all of those have in common? Are we striking a little too close to home CARBONunit52?


carbonunit52's picture
Submitted by carbonunit52 on Thu, 05/08/2008 - 4:25pm.

I am for the more elegant use of carbon, such as the sugars in ice cream.


hutch866's picture
Submitted by hutch866 on Thu, 05/08/2008 - 5:42pm.

If we put enough pressure on you then you can be diamondunit52.

I yam what I yam....Popeye


carbonunit52's picture
Submitted by carbonunit52 on Thu, 05/08/2008 - 5:54pm.

to diamondunit52. Who said heat and pressure were bad for you?


Submitted by sageadvice on Thu, 05/08/2008 - 5:28pm.

Do you suppose Mexico would build several atomic power generators in Mexico and sell the juice to us via a big line into Texas or somewhere?

They could pretty much skip the safety features as long as the wind was blowing south. Might be cheap.

Everyone seems to be against coal as being too dirty to make power. West Virginia hasn't got a thing against coal. In fact they call it "King Coal."
They will mine all we want and build the coal-fired plants to convert it if OSHA and EPA will not stray across the state lines.
I know they will because they used to have creeks and rivers in West Virginia that were as black as coal from washing the coal. One could burn the rivers in a hot fire.

Smelled like sulphur also.

Let em have at it!

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