As the oil industry continues to pay¬† the government almost $100 million daily in royalties and taxes, one¬† could almost be forgiven for thinking that the good times will never¬† end, even as Americans collectively hold their breath watching the¬† rising gasoline prices, amidst fears that it could yet again match¬† the $3.75 a gallon record.
The continued instability in the¬† Middles East, the rapidly falling oil reserves worldwide and the lack¬† of credible alternative sources of energy at present, has cast a¬† gloom on the future of the country, as national oil consumption has¬† rose to a record breaking 20 million barrels a day. Our way of life¬† now is dependent on the grace of others, and is hostage to our¬† future, despite incremental increase in production and consumption of¬† the biofuel and gas sectors.
‚ÄĘ I believe that using our own resources instead of buying from other countries will bring high paying jobs and energy independence.
‚ÄĘ We should be using more clean coal, solar power, tertiary oil recovery and our own natural gas.
‚ÄĘ I believe in extending tax incentives for energy efficiency.