June 21, 2007

Liberal Politicians Still Don't Get It

“Gas consumers can expect to pay between $3.16 and $3.79 a gallon for gas in 2008 after adding in the estimated impact of the Senate energy bill. By 2016, all states can expect gas prices in excess of $6. As a result of S. 1419, consumers would spend an average of $1445 more per year on gasoline in 2016 than in 2008.”

This statement comes from the Heritage Foundations study concerning new legislation being introduced in the Senate, falsely carrying the title of "The Renewable Fuels, Consumer Protection and Energy Efficiency Act of 2007" (S. 1419). This bill, like many they put forward, is being described by some of its supporters as “far from perfect” but “a good start.” Sound similar to the immigration bill? We don't need "starts", we need solutions.

This is just a "start" to higher oil and food prices, new taxes and forcing consumers to pay for high cost “renewable” energy sources. These measures "are to energy independence what bicycle trails are to traffic-congestion relief." On top of that, the bill is to include legislation that prohibits price gouging (who is defining that crime?). With oil companies only making 6 to 8 cents per gallon in profits compared to the governments 50 to 60 cents from imposed taxes, maybe the federal and state governments should be held accountable for "price gouging." Now they want to add additional taxes and branch out from just oil.

Imagine what it would be like if gasoline was 50-60 cents cheaper per gallon. It would be used more, the price would drop further. Oil companies would be able to make more money, invest in alternate fuel sources. Thats the beauty of capitalism: Business revolves around the consumers needs, and we need alternate fuel sources. We don't need (or want) the government to "help" out by reaching into our pockets. Let us pay for it by using the money we earn on the services we want and need.

I've said it numerous times before, those who know best how to spend our money and drive our economy is "we the people."

Read the report on this bill.

Every vehicle company and oil company has made extensive headway on alternative fuel sources (without the government) because they recognize the need to advance in order to survive as a business.

posted by Carl Soderberg at 12:51 PM

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