Republicans' Head-In-Sand Energy Posturing

The U.S. Senate did two idiotic things regarding energy policy yesterday. In both cases, Democrats were unable to get the 60 votes needed to stop a Republican filibuster.

First, they voted against a windfall oil profit tax that would fund alternative energy. OK, I can understand the logic of rejecting a windfall profit tax on the big oil companies; the argument could be made that this would ultimately lead to higher gas prices and more foreign oil imports. But this time, the oil companies could avoid the profit tax by investing those runaway profits in much-needed renewable energy technology.

But for the life of me, I can’t see the argument against extending tax credits for homeowners installing renewable energy.

According to the New York Times, the Democrats’ energy package (not dead but on hold, currently)

…would require electric utilities to obtain 15 percent of their electricity from wind, solar or biomass energy by 2020.

But the energy bill would make profound changes in other areas as well. It would require car companies to increase the average fuel economy of cars and light trucks to 35 miles a gallon by 2020. It would also require a huge increase in the production of renewable fuels for cars and trucks and require the federal government to set tougher efficiency standards for electric appliances. The measure would also give the government more power to prosecute “price gouging” by oil companies.

This is incredibly shortsighted. It increases dependence on foreign oil, increases demand, and contributes to the myth that our current energy supplies are limitless. And then people wonder why it costs $70 to fill up their SUVs, and why they can’t even sell those SUVs.