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Morning Bell: The Emerging Consensus for Energy Production
Posted By Conn Carroll On July 3, 2008 @ 8:23 am In Ongoing Priorities | Comments Disabled
The fight over the mortgage bailout bill still being debated by Congress has helped expose one of the best-kept secrets in Washington. Despite the fact that the median price of a home is $218,000 , Speaker Nancy Pelosi is threatening to kill the bill  unless the cap on the size of mortgages the federal government can guarantee is raised to $730,000. So why would Pelosi stand in the way of legislation she believes could help poorer homeowners unless wealthy homeowners are bailed out too? Because the wealthy are her core constituency. The Democrats have become  the party of the rich .
As good conservatives, we have nothing against the rich per se. Except when they begin to try to use the power of the federal government to prevent other Americans from achieving their dreams. And that is exactly what the left is doing on energy policy. For a generation, the left has been placing its own environmental priorities over energy production . First it was an end to hydro-power projects because of the effect on fish and recreation. Then it was bans on drilling in the Outer Continental Shelf because of one oil spill in California almost 40 years ago. Since then the left has put an end to the nuclear industry in the 1970s. And now liberals are systematically fighting coal and natural gas power plants across the country over fears of global warming .
As long as energy costs remained low, the rest of the country didn’t pay these policies much attention. But with energy prices rising, people are beginning to notice — especially in more rural areas. Folks in rural America have to drive farther to reach work, the grocery store and medical care.
They also tend to be less wealthy than suburbanites and many city dwellers, which means energy costs eat up more of their budgets. The Oil Price Information Service (OPIS) found  that folks in rural areas spend as much as 16.02 percent of monthly family income on gas, while those in urban areas of New York and New Jersey spend as little as 2.05 percent of monthly income.
Americans have a choice. Despite the fact that decreased U.S. consumption will do nothing to curb overall world demand for oil , demonstrating to the world that we are serious about developing our own domestic energy supplies can significantly reduce energy prices today . More and more Americans are getting the message. According to the Pew Research Center , support for more “exploration, mining/drilling, construction of new power plants” rose 12 points to 47 percent since February. Support for more “energy conservation/regulation” fell 10 points to 45 percent. In February, Americans opposed drilling in the Arctic National Wildlife Refuge by 50 percent to 42 percent. Today they support it, 50 percent to 43 percent.
Article printed from The Foundry: Conservative Policy News from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2008/07/03/morning-bell-the-emrging-consensus-for-energy-production/
URLs in this post:
 fact that the median price of a home is $218,000: http://www.realtor.org/research/research/metroprice
 threatening to kill the bill: http://money.cnn.com/2008/06/27/news/economy/senate_vote_delay/?postversion=2008062712
 The Democrats have become: http://www.heritage.org/Press/Commentary/ed050808a.cfm
 the party of the rich: http://www.heritage.org/Press/Commentary/ed110607a.cfm
 For a generation, the left has been placing its own environmental priorities over energy production: http://www.foundry.org/2008/05/22/morning-bell-cap-and-trade-already-killing-us-economy/
 systematically fighting coal and natural gas power plants across the country over fears of global warming: http://www.foundry.org/2008/04/14/global-warming-its-good-for-the-lawyers/
 found: http://www.usatoday.com/news/nation/2008-07-01-small-town-gas_N.htm
 fact that decreased U.S. consumption will do nothing to curb overall world demand for oil: http://www.nytimes.com/2008/07/02/business/02oil.html?_r=1&ref=todayspaper&oref=slogin
 demonstrating to the world that we are serious about developing our own domestic energy supplies can significantly reduce energy prices today: http://www.foundry.org/2008/07/01/drilling-now-can-lower-oil-prices-today/
 Pew Research Center: http://people-press.org/report/433/gas-prices
 freed three American hostages: http://www.usatoday.com/news/world/2008-07-03-us-hostages_N.htm
 reversed his position: http://www.washingtonpost.com/wp-dyn/content/article/2008/07/02/AR2008070203532.html
 Rush Limbaugh: http://www.nytimes.com/2008/07/03/business/media/03radio.html?_r=1&ref=todayspaper&oref=slogin
 helped euthanize a perfectly healthy 79-year-old woman: http://www.nytimes.com/2008/07/03/world/europe/03germany.html?ref=todayspaper
 dismissed a lawsuit: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/07/02/BAFJ11J6VT.DTL
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