Monday, June 16, 2008

Dems Running on Empty


Democrats’ ‘No’ Energy Policy Wrong For America - HUMAN EVENTS
What a difference three years makes: In 2005, I led the charge against a massive global warming cap-and-trade bill. It was a lonely battle with few GOP members willing to join me on the Senate floor to publicly oppose it.

Fast forward to June 2008: Not only was I joined by dozens of GOP Senators, but nearly 30% of the Democratic Senators rebelled against their leadership and opposed the Boxer Climate Tax Bill. In the end, Senator Boxer only had at most 35 Democratic Senators willing to vote for final passage on the largest tax bill in U.S. history. The Boxer Climate Tax Bill was so thoroughly disowned by Democratic Leadership that proponents of climate taxes will now be forced to start from scratch next year.
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Oil and gas exploration and production are currently prohibited on 85 percent of America’s offshore waters. Among industrialized nations with shorelines, the United States is the only one not actively seeking new offshore oil and gas deposits. Canada allows offshore drilling in the Pacific, Atlantic, and Great Lakes. Additionally, Cuba is also looking to expand drilling to within 45 miles of parts of Florida and with technology that may be much less environmentally sound than that used by American companies. Exploration and production activities are currently prohibited in the Pacific and Atlantic regions of the Outer Continental Shelf, which hold an estimated 14 billion barrels of oil and 55 trillion cubic feet of gas. This is equivalent to more than 25 years’ worth of imports from Saudi Arabia.

If President Clinton hadn’t vetoed legislation allowing environmentally sensitive exploration on the Coastal Plain of ANWR ten years ago, today we would have one million additional barrels of oil coming from ANWR each day, which would mean lower gas prices for consumers and more energy security right now. ANWR is estimated to contain 10 billion barrels of oil -- about 15 years’ worth of imports from Saudi Arabia.

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