Originally posted by: Sheik Yerbouti
It's a great idea, just a few years too late. This will do nothing to immediately help out with the outrageous price of gas. They simply refuse to face up to the oil companies and say
A) the tax deal is over
B) your royalty free drilling in federal lands is history
Deal with it.
And before genx, zenny or any other apologist wants to slam this, I do know that the royalty issue was a Clinton era idea. It didn't make it right then and it's something that can go the hell away.
issues2000 . . . seems like yesterday
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According to documents in O'Neill's files, along with those obtained in various disclosure actions filed against the Cheney task force, Secretary of Energy Spencer Abraham met with corporations and trade groups, including Chevron, the National Mining Association, and the National Petrochemical and Refiners Association, each of which delivered policy recommendations in detailed reports. Cheney met with Enron chairman Kenneth Lay and received detailed policy recommendations from one industry group whose central concern was not allowing carbon dioxide to be regulated as a pollutant, as well as from another--called the Coal-Based Generation Stakeholders. If process drives outcomes--this combination of confidentiality and influence by powerful interested parties would define the task force's analysis of energy issues.
"It meant," O'Neill says, "that environmental concerns went virtually unrepresented."
Source: The Price of Loyalty, by Ron Suskind, p.146-7 Jan 13, 2004
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I once made the mistake of suggesting to Bush that he use the phrase cheap energy to describe the aims of his energy policy. He gave me a sharp, squinting look. Cheap energy, he answered, was how we got into this mess. Every year from the early 1970s until the mid-1990s, American cars burned less and less oil per mile traveled. Then in about 1995 that progress stopped. Why? He answered his own question: Because of the gas-guzzling SUV. And what had made the SUV craze possible? This time I answered, "Um, cheap energy?" He nodded at me. Dismissed.
But if Bush was no energy free-marketeer, neither did he share the crusading zeal of the environmental Left. For Bush, the point of energy conservation was not for Americans to USE less, but for Americans to IMPORT less. For him, energy was first and foremost a national security issue. He had warned in 2000, "As a result of our foreign oil imports skyrocketing, America is at the mercy more than ever of foreign governments and cartels."
Source: The Right Man, by David Frum, p. 65-66 Jun 1, 2003 Curious that Bush had that much insight in 2001 . . . yet his agenda for reducing consumption didn't appear until this week.
If Frum is to be believed, Bush has no problem with the energy speculators' "gas tax." He just didn't want to be on the hook for raising taxes himself.