Thursday, June 19, 2008

Drill Here. Drill Now. Pay Less.

The old Newt is trying to become relevant again by feeding off of the oil lead energy crisis. He had launched a campaign and petition entitled "Drill Here. Drill Now. Pay Less." It's goal, other than to make people think Newt still exists, is to push congress to open drilling for oil anywhere and everywhere we have it in the U.S. The final hook for the American Ignorant is paying less at the pump. Every study done shows that if we drilled in every national treasure and through every caribou's' head, the price of oil would go down less than a percent and the price of gas may go down as much as a nickle . . . by 2020 when all of these oil fields would actually be up and running at full capacity.

Newt also has a plan to build nuclear power plants to, he claims, reduce our dependence on foreign oil (by 2025 once the plants are built). Of course, very little of our oil goes to generating electricity. Oil refineries take in crude oil and separates it into different types of fuel; e.g. gas and heating oil. If we stopped using oil to generate electricity, the quality of oil used to power those plants wouldn't have another use. It would just sit there. Nuclear is not an option to offset oil use.

So as much as I'm calling Newt a liar for falsely claiming drilling will significantly lower the price at the pump, I am for drilling. My purpose wouldn't be to lower price but would be decrease exporting American money and jobs. Additionally many of the countries that export oil are using our own money to fund military and terrorist groups against us.

I am concerned about global warming too. I'm not an alarmist but I feel there is enough possibility that global warming is real that we should take it into consideration when making long term policy. Therefore, I believe we also need to start getting off our oil addiction. What's my plan?

Do it all and do it now. Drill. Conserve. Shale. Wind. Solar. Higher CAFE standards (and raise the equivalent standards on dish washers, washing machines, etc). Convert the farm bill from providing farmers short term assistant to helping them add wind to their fields and facilities to convert farm waste into energy, providing them a second source of income for years to come. Replace income/capital gains taxes with taxes on oil, coal, virgin wood, fertilizers, tobacco, etc. It would encourage people to use less of these items and raise the economic viability of alternatives. Additionally, it would make illegals and drug lords pay taxes since taxes would be on consumption instead of production. Use global warming agreements with other countries to minimize China's and India's growth in oil usage.

and interesting read

1 comment:

Richard Goodman said...

I' seen an interesting series of ads by Pickens, the oil millionaire (or is he a billionaire ?), stating that he will shortly be releasing his plan for energy self-sufficiency and that "this is one crisis we can't drill our way out of." I am eagerly awaiting that plan.