Barack Obama claimed North Carolina, and Hillary Clinton is the likely winner out in Indiana. In his speech in Raleigh, Obama noted the need for new, clean energy policy, and took the opportunity to knock Clinton and McCain's "gas-tax holiday" plan:
The man I met in Pennsylvania who lost his job but can't even afford the gas to drive around and look for a new one - he can't afford four more years of an energy policy written by the oil companies and for the oil companies; a policy that's not only keeping gas at record prices, but funding both sides of the war on terror and destroying our planet in the process. He doesn't need four more years of Washington policies that sound good, but don't solve the problem. He needs us to take a permanent holiday from our oil addiction by making the automakers raise their fuel standards, corporations pay for their pollution, and oil companies invest their record profits in a clean energy future. That's the change we need. And that's why I'm running for President.
Clinton threw some fighting words on the subject in her speech in Indiana last night, too:
I know that we have got an important debate going on right now about how we are going to help families deal with these gas prices. They have gone up so fast, so out of sight in the minds of the people that I talk with and I think it's time that we really had a concerted strategy. You've heard me say this and I'll say it again. I think its time to give Americans a break this summer and to make the oil companies pay the gas tax out of their record profits.
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Pompey Road Posted 9:52 pm
06 May 2008
Basically it comes down to the price of oil right now should be about $60 to $65 a barrel instead of $120.
Much the same as the subprime mortgage mess this also is caused by deregulation. Relaxing the rules from about 2000 on in oil trading especailly speculating has brought about an artificial market surrounding oil.
That's what happens when you don't manufacture anything anymore and bust your construction and housing industry.
The eons of time and nature was good to us down here. It was not until we become civilized that destroying our habitat become fathomable or fashionable.
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cjwirth Posted 10:30 pm
06 May 2008
cjwirth http://www.peakoilassociates.com
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soleful2001 Posted 12:17 am
07 May 2008
We cannot say that gasoline is too expensive and continue wasting energy.
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bigTom Posted 12:20 am
07 May 2008
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mike365 Posted 12:25 am
07 May 2008
cjwirth,
I fail to understand your logic... How is it that moving to alternatives like solar, wind, and nuclear will consume "a lot" of fossil fuels? The reality is that in America and elsewhere (e.g. China, India) electricity consumption continues to grow, and the largest portion of greenhouse gas emissions come from electricity production - not from transportation. These technologies might require a finite amount of fossil fuels in construction phases, but the amount consumed will directly and quickly be offset by the consumption that these technologies replace.
The answer to our energy problem doesn't lie in increased corporate taxes, since these will only force job cuts or induce costs that are passed on to the consumer. This talk of commandeering the oil companies' record profits will never fly, especially with the influence that the corporate lobbyists have in Congress (not to mention the questionable legality of such a process). The solution will come from a combination of publicly funded research and private development, both of which are already booming because of high oil prices. The answer lies in the incentive and higher fossil fuel prices mean greater market response.
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cjwirth Posted 2:58 pm
07 May 2008
cjwirth http://www.peakoilassociates.com
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