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Stopped the Energy Crisis?

Started by irishbobcat, August 10, 2008, 08:38:30 AM

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Elmo-Ytown

Between 25 and 50 conservatives are still in Washington, waiting for the majority party to get off the beach and back to business.

irishbobcat

What the Conservative Congress did to help the Energy Crisis

August 10, 2008

According to the Campaign for America's Future, they reported last week that the Conservatives in Congress went on a five-week vacation in August after having blocked solutions that would have addressed high gas prices.

A number of progressive solutions were offered in Congress that would have made more meaningful contributions to solving our energy crisis than the "drill here, drill now" sloganeering from the right. But it's been the conservatives in Congress who have been blocking consideration of common-sense solutions that would have brought immediate as well as long-term relief to consumers. For example, conservatives in Congress have blocked:
• Tapping the Strategic Petroleum Reserve, which now holds over 700 million barrels of oil. Releasing a small fraction of the Reserve — which was done in 1991, 2000, and 2005 — would immediately lower gas prices as it has in the past. But conservatives in Congress have voted against this modest measure.
• A ban on gasoline price-gouging, which would make it unlawful to artificially inflate gas prices to take excessive profits. Conservatives in Congress voted against an anti-price gouging bill.
• A crackdown on oil price speculators, the hedge funds and investment bankers who have used loopholes in commodities law to manipulate the futures market and drive the price of crude oil to record levels. Conservatives oppose legislation to stop excessive speculation.
• Helping hard-pressed Americans with a tax break paid for by a windfall-profits tax on Big Oil. The big oil companies are reaping undeserved profits that should be taxed and rebated to American families, but conservatives in the Senate blocked a windfall profits tax in June. Conservatives are good at grandstanding, but they can't escape blame for the lack of real progress on energy.

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