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Friday, June 20, 2008

Ten Reasons for High Energy Costs

William Tate at the American Thinker offers his top ten reasons why we're suffering high gasoline prices and why the Democrats are largely to blame for each of them. Here are numbers ten through seven:

10) ANWR: If Bill Clinton had signed into law the Republican Congress's 1995 bill to allow drilling of ANWR instead of vetoing it, ANWR could be producing a million barrels of (non-Opec) oil a day--5% of the nation's consumption. Although speaking in another context, even Democrat Senator Charles Schumer, no proponent of ANWR drilling, admits that "one million barrels per day," would cause the price of gasoline to fall "50 cents a gallon almost immediately," according to a recent George Will column.

9) Coastal Drilling (i.e., not in my backyard) Democrats have consistently fought efforts to drill off the U.S. coast, as evidenced by Florida Rep. Debbie Wasserman Schultz's preotestation against a failed 2005 bill: "Not only does this legislation dismantle the bi-partisan ban on offshore drilling, but it provides a financial incentive for states to do so."

A financial incentive? With [other countries] now slant drilling for oil just 50 miles off the Florida coast, wouldn't that have been a good thing?

8) Insistence on alternative fuels: One of the first acts of the new Democrat-controlled congress in 2007 was an energy bill that "calls for a huge increase in the use of ethanol as a motor fuel and requires new appliance efficiency standards." By focusing on alternative fuels such as ethanol, and not more drilling, Democrats have added to the cost of food, worsening starvation problems around the word and increasing inflationary pressures in the U.S., including prices at the pump.

7) Nuclear power: Even the French, who sometimes seem to lack the backbone to stand up for anything other than soft cheese, faced down their environmentalists over the need for nuclear power. France now generates 79% of its electricity from nuclear plants, mitigating the need for imported oil. The French have so much cheap energy that France has become the world's largest exporter of electric power. They have plans in place to build more reactors, including an experimental fusion reactor.

Read the other six at the link and every time you fill your tank or pay your home heating bill remind yourself that while these solutions remain unimplemented Congress spends much of its time and your tax dollars feverishly searching for a reason to impeach George Bush or to indict someone in his administration.

RLC