Posted by: The Elephant Owner in Free Markets on June 25th, 2008

Jim Gerlach(R) and Bob Roggio(D) are both running for the House seat for PA-6. Those who say that politicians are all the same aren’t paying attention. (LINK)

Jim Gerlach says,

It will send an immediate signal, particularly to speculators, that there will be a greater supply of domestic oil and natural gas. It will stabilize the price of fuel in the short term, and in the long term it will allow the price to come down.

Roggio says,

I don’t think we’re going to be able to drill our way out of the price problem. If you look at how demand for fuel is rising across the globe, it’s clear that demand is going to increase faster than supply whether or not we drill. The priority has to be on developing sources of alternative energy.

Roggio takes a talking point right out of the Democrats play book. Every damn democrat has been using the phrase, we can’t “drill our way out of it”. Why? They never explain it. His attempt here is lame. If demand is going up, then we need an increase in supply.

Roggio wants to a windfall profit tax on the oil companies…but Bob…I thought the problem was world demand. Taxing American oil companies will lead to more dependence on foreign sources. That’s the way int worked in the 70′s and it will likely follow the same pattern.

Roggio wants us all to rely on public transportation. He wants you to be dependent on the government to  travel…to work, to the grocery store, for vacation. We all know how that goes. Crowded buses. Crowded trains. Limited schedules. The party of choice? What a joke.

The US Government has spent billions over the course of 30 years trying to bring about alternative sources…and we have next to nothing to show for it.

If it is true the speculating is the problem, then we need to send a signal that there won’t be a shortage in the future.

If it is true that world demand is the problem, then we need to increase supply

If it is true that hostile foreign entities are the problem, then we need to develop domestic sources.

We can hope and hope, but that’s not going to fill my tank. Hope is not going to defund nations that support terrorism. HOPE alone will leave with me with nothing but small CHANGE.

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