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    No More Excuses: The U.S. Needs To Tap Into Its Own Oil Reserves


    By TimWalberg, Section News
    Posted on Wed Jun 18, 2008 at 11:25:09 AM EST

    Friends,
    I wrote the column below about the No More Excuses Energy Act late last week and it ran in Investor's Business Daily over the weekend. I really believe there is genuine support for this bill at a grassroots level. Currently, I have 140 signatures on the discharge petition I introduced. Please help me get the word out in the blogosphere about what House Republicans are doing to bring down the price at the pump.
    - Tim

    The Department of Commerce recently announced that the U.S. trade deficit reached $60.9 billion this past April. America's trade deficit increased by $600 million from April 2007 to April 2008, even though U.S. exports increased by $25 billion.

    Why is our country facing a rising trade deficit even though American-made exports grew 19.2% over the last year (April 2007 to April 2008)? The answer is found at gas stations across the country and in America's $34.5 billion petroleum deficit, which is roughly half of our monthly trade deficit.

    America's dependence on foreign energy forces us to import about 12 million barrels of oil a day, sending billions of dollars to many countries that do not share our interests. A barrel of oil has gone from $70 to $140 over the last year, dramatically increasing our trade deficit and shattering the family budgets of millions of Americans.

    Our country has vast and large supplies of energy, but unfortunately tapping into American energy sources has become controversial and mired in politics. And while political games are played in Washington, D.C., Americans keep paying more at the pump.

    Just as with the Manhattan Project or the race to the moon, breaking our dependence on foreign oil should be a national priority. Congress needs to allow an increase in America's investment in our overall production of energy. Last week, I introduced a discharge petition to force a vote on a bill to increase U.S. energy production and invest in alternative sources of energy.

    The appropriately named No More Excuses Energy Act, H.R. 3089, would increase the supply of energy produced in America.

    This bill would immediately open up ANWR in Alaska for environmentally sensitive oil exploration.
    According to recent estimates, today America would receive 1 million barrels of oil per day from ANWR if President Clinton had not blocked exploration in 1996.

    Outer Continental Shelf exploration, new refineries, wind, natural gas and new nuclear power plants are also covered in this legislation.
    This bill would return much of our energy production back to the United States and create good paying American jobs, instead of sending hundreds of billions of dollars overseas to prop up countries like Venezuela that are opposed to American ideals.

    Despite fuel costs at levels previously only seen in Europe, leadership in this Congress refuses to increase American energy production. Instead, House Speaker Nancy Pelosi and leading House Democrats would rather increase taxes on domestic energy production and increase our reliance on OPEC.

    Recently there has been talk in the House of sending lawyers to sue countries such as Venezuela and Saudi Arabia for lower gas prices. Even the best trial lawyers cannot litigate America to lower gas prices. Since Speaker Pelosi refuses to bring this bill to the House floor, a discharge petition is the only way to force a vote on this legislation.

    House rules state that a discharge petition must have 218 signatures (a simple majority) in order to bring a bill to the floor for a vote, and I am working hard to bring both Democrats and Republicans together in support of this bill.
    In the coming weeks, House Republicans will show the American people we want to increase domestic energy production. If the leadership in Congress holds us back, we will continue fighting for increased American production.

    Right now, many families in my south-central Michigan district are giving up nights eating out at restaurants or family vacations in order to cover the rising cost of gasoline.

    Working families are paying twice as much to commute and pick up their kids from school and sports. If no action is taken, families will soon be giving up much more than they are now.
    While many in Congress may gloss over the current energy crisis in America, the majority of Americans cannot.

    The American people believe in expanding our American energy supply and developing alternatives to break our dependence on foreign oil. It is time Congress agreed.

    < The "Flint Needs Some Love" Open Thread | Reason of the day that lefty petition is a bad idea >
    Display: Sort:
    Question. (none / 0) (#1)
    by KG One on Wed Jun 18, 2008 at 11:40:10 AM EST
    The problem with the drilling for oil is that what's drilled doesn't necessarly stay here.

    What steps are being taken to insure that if we open up more areas for drilling here in America, that the oil pumped out doesn't get sent to China or India, reducing the supply available here?

    That's all well and good... (none / 0) (#3)
    by KG One on Thu Jun 19, 2008 at 08:43:20 AM EST
    ...but my focus is here in the good ole U.S. of A.

    America bails out the rest of the world far too often.

    It's past the time to concentrate on helping people here first.

    Assuming it stays here. (none / 0) (#5)
    by KG One on Thu Jun 19, 2008 at 09:55:25 AM EST
    And that's the big $64 question.

    Yes, increasing the world oil supply would drop the prices on the world market (especially after what's happening in Nigeria).

    But keeping it here would lower our fuel costs even more. Lowering our fuel costs will have a cascading effect of reducing costs for everything we purchase and use.

    This isn't good. (none / 0) (#7)
    by KG One on Thu Jun 19, 2008 at 03:37:20 PM EST
    They threatened to do it several weeks ago:

    "This liberal will call for socializ... ... ... taking over of the oil companies. - Rep. Maxine Walters at the House Judiciary Committee's Task Force on Competition Policy and Antitrust Laws (May 2008)

    Now it looks like they'll actually follow through.

    • Good lord.. by JGillman, 06/19/2008 09:22:58 PM EST (none / 0)
    Supply and Demand (none / 0) (#9)
    by NoviDemocrat on Fri Jun 20, 2008 at 12:08:55 AM EST
    Let's say that Republicons waved their magic wand and suddenly oil gushed out of the ground and into supply. Republicons argue that this increased supply would drive down prices due to increased supply. What happens next? Everyone starts driving their SUVs and other gas guzzlers again and boom, up go prices again. The oil companies already know we'll pay $4 a gallon so there's no incentive for them to keep those prices from going down. Increasing supply without increased conservation does nothing for us long term but Republicons refuse to consider anything that smacks of sacrifice.

    Thank you for the reply. (none / 0) (#14)
    by KG One on Fri Jun 20, 2008 at 10:34:09 AM EST
    I understand the economics behind it, but I'd still feel even better if safeguards were introduced to prevent something like this from happening in the future.

    Just my $0.02

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