Pelosi anti-energy package.
Some of you may know about this, but many do not. Nancy Pelosi and the Democrats in Washington are trying so pass a farcical energy bill. They claim that it allows for new drilling, however the bill would continue the faulty policy of preventing us from exploring for oil and natural gas in Alaska and in most areas off our coasts. It would only allow states to “opt-in” to exploration, but not in places located within 50 miles of the coast. Most of the oil that is available is within that 50 miles. What’s worse, the bill would impose $30 billion in NEW TAXES on energy production! New taxes would take away any incentive for doing the work to increase the production.
I have written our president, and my congress people about this issue. Below is a form email that you can find at this location, which is a part of Freedom Works, that you can send out as well. The first three paragraphs are the form email found on that page, the final paragraph about refineries I added myself. If you’re interested in our government taking real action towards lowering energy costs, I suggest you take action by emailing the president and your congress people.
The most common-sense energy solution in the short term is to increase domestic oil production in the United States by allowing more exploration and drilling. Currently, there is a Congressional moratorium on drilling in the Outer Continental Shelf (OCS) that has been in place for 27 years. This moratorium translates into roughly 85% of the OCS that Congress has declared off-limits for oil exploration and drilling. It simply does not make sense for the United States to allow its domestic oil resources to sit unused and depend on other nations in unstable regions of the world for its energy needs. If the moratorium is lifted, the vast off-shore reserves could be used to decrease America’s dependence on foreign oil and ultimately lower the high price of gasoline.
However, the “Pelosi Energy Package” would block any attempt to increase domestic oil production by preventing the opening of new areas for drilling, such as the OCS and the Arctic National Wildlife Refuge(ANWR). Instead, this proposal would institute a “use it or lose it” policy that would punish oil companies for not developing what are known as “non-producing” federal leases. Pelosi and others in Congress justify this position by claiming that the oil companies are allowing the land to sit idle in order to drive up the cost of fuel. However, the truth is that oil companies have invested billions of dollars in exploration of these leases, and the so-called “non-producing” leases sit idle because they do not contain a commercially viable supply of petroleum.
The only economically viable solution to the energy crisis is to drill where it makes sense – in the areas of the OCS that we know contain valuable oil reserves and in Alaska.
I would also like to add that we need to increase our refinery capacity. Problems experienced a few years ago with Katrina, and now with Ike demonstrate that we cannot continue to operate at a level where full capacity of our refineries is required to meet demand. We must build new refineries to process the new oil that we drill for, to continue to meet increasing demand, as well as prevent major supply loss as we’ve experienced in recent times.