This is my Senator talking. I've been a big fan of hers since before she was elected. She would probably make an excellent President.
Capitol Comment
by Senator Kay Bailey Hutchison
Emphasis on Energies of Future Threatens the Supplies of Today
November 23, 2007
"The major obstacle to the development of new supplies is not geology but what happens above ground: international affairs, politics, investment and technology." —Daniel Yergin, Pulitzer Prize-winning author of "The Prize: The Epic Quest for Oil, Money, and Power."
With oil prices soaring to record highs, currently over $90 per barrel, and Americans increasingly feeling the impact, Congress can choose to magnify the problem or be part of the solution.
In response to skyrocketing energy prices, caused largely by greater worldwide demand and static supply, new energy legislation passed in each house of Congress is, in fact, bereft of real energy. It would jeopardize our national security, threaten our economic stability, and indeed raise the very obstacles to which Yergin alludes.
The only way to address our national crisis is to increase the supply of energy. However, legislation proposed in Congress would actually lead to reductions in energy supply and target the oil and gas industry with $16 billion in new taxes.
The assumption is that...(complete post here).
Please refer to my post yesterday for my comments on this subject.
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