America Embraces Energy Independence
By Carol Devine-Molin
June 19, 2008
Page 2 of 2
Oil companies have a profit margin of about 8 percent, which is reasonable by any standard, even if the price of oil goes up. But more to the point, if businesses are subjected to tax increases, they'll pass their costs along to the consumers. In other words, the average American will get stuck paying more for energy if Mr. Obama's tax idea is implemented. It appears that Mr. Obama doesn't appreciate how basic business operates. Moreover, by taking a slap at a respectable capitalist enterprise such as the oil industry, Mr. Obama runs the risk of being viewed as a demagogue that's eager to play on people's fears and prejudices. Are we to believe that the oil companies are "bad players", since they're making money in the current economic environment? Most Americans won't see it that way.
Remember, oil prices are essentially being driven up by growing demand on the world markets and lack of supply. Ironically, America has the resources and ability to produce an ample energy supply, if it so chooses. The sad truth is that we're experiencing an energy shortage here in America that has been created by the politicians and special interests. What we need in this nation is a certain level of "consciousness raising", to borrow a phrase from the Leftists, and a political movement to ensure energy independence.
Since our foreign oil addiction is an entrenched, systemic problem, it's best to hit it with everything at our disposal in order to break free. First, this nation needs to be fully committed to energy independence, demanding that the entire political class, including the Left-wingers, participate in this endeavor. If politicians attempt to stymie the effort, then we have to phone, send telegrams, send emails, send faxes, and bring pressure to bear, and if all else fails, vote the rascals out. And, as quickly as possible, let's build oil refineries, lift the moratorium on offshore and artic drilling and exploration, tap into Western oil shale, undertake gasification of coal, build hydrogen fuel cell cars (such as the Honda FCX Clarity), develop and utilize new flex-fuels, utilize nuclear energy, utilize solar and wind power, provide tax incentives when appropriate, engage in focused research and development, and do whatever if takes for America to become energy independent. This is more than an economic issue; it's a national security issue, too.
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Note -- The opinions expressed in this column are those of the author and do not necessarily reflect the opinions, views, and/or philosophy of GOPUSA. >> Back -- Page 1 2
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