Senator Barack Obama seems not overly concerned about $5 gas; it’s the price of changing our oil dependence! Obama has called for more taxes and more regulations! He wants a rerun of Jimmy Carter’s "windfall" profit taxes on our oil companies. According to the Congressional Research Service, Carter’s taxes increased the cost of gas and decreased domestic production by 3-6%. It didn’t work then and won’t work now.
Obama also wants to require auto manufacturers to produce 50 mpg vehicles. If auto companies had any way to produce millions of cars with that kind of mileage, they’d be flying off their lots! Auto companies are already scrambling to create what Obama wants to require! They don’t need more regulations; they need targeted incentives to produce cost-effective, carbon-free energy options that work!
Until all-electric or hydrogen-powered cars can be mass produced at a reasonable price, most low-income Americans will need gas. Democrats claim that added US oil production won’t significantly decrease the price at the pump, but it could help stabilize future gas prices until we can make gas-powered vehicles obsolete.
Surveys of Americans indicate overwhelming bi-partisan support for increased drilling balanced with investment in innovation. It’s time to pass a “No Excuses Energy Act” that supports outer-continental shelf exploration, drilling in ANWR, clean coal production, new refineries, wind and solar power, natural gas, new nuclear power plants and incentives for carbon-free innovation. Not only would we be making important steps towards more energy independence, we’d be creating good-paying American jobs instead of sending hundreds of billions of dollars overseas to prop up countries who often support our enemies. Get those letters, e-mails and calls headed to your favorite politician!
Freed to act, American ingenuity can work for energy independence faster than Democrats predict. John McCain has taken the lead for a balanced plan by moving to the front of the charge! He’s for good conservation and environmental stewardship, but he hopes to provide the adult supervision necessary to keep environmentalists from drifting towards anti-capitalism extremes. Support his plan. If gas prices continue to rise and the Democrats refuse to act, you can expect John McCain to ride this energy crisis into the White House.