This is bad because:
1) it will take 7-10 years to See ANY oil from any wells found and developed.
2) wasting (and trying to perform a bait and switch) the American People's time to follow this boon-doogle.
3) It will NOT reduce the current price of gas.
4) it will Not (ever) reduce future gas prices.
5) The RIGHT answer is to the cost of gas includes:
- An IMMEDIATE cessation of federal (and state) taxes currently required for non-diesel fuels, such as Waste Vegetable Oil, Natural Gas, (Compressed, or otherwise)
- An immediate Tax CREDIT to those CREATING new alternative FUELS-- WITH A limit. Subsidies will AUTOMATICALLY phase OUT when the producer goes over X barrels produced per year. This will make sure that the new producers do not get rich, when they are already making money... I would say this limit should be (perhaps: 50% of subsidies end at 25,000 Gallons {per year}, and all will cease at 50,000 Gallons per year)
- IMMEDIATE tax credits for alternate energy RESEARCH.
- Immediate TAX credits for ALTERNATIVE fuel DEVELOMENT (said that already..oh).
- Stricter Recyling requirements for restaurants. No dumping of oil.
- Research getting engine oil (used) to be used in cars as gasoline.
- IMMEDIATELY re-instate the Carter energy policy (reversed by Good old Ronny Reagan)
- IMMEDIATELY DOUBLE the newly enacted CAFE energy standards. REMOVE the 'city driving' option, double the goal to 50 miles within 7 yeas.
- Encourage Car companies to import their European cars into the US, by verifying import standards will not be affected.
- New yearly Income Tax Surcharges on all new SUV or Mini-Van purchases that do NOT meet 25 miles per gallon (numbers will rise every year)
- Immediately banning the incandescent lightbulb. Fund and RESEARCH for implementation of a WHITE LIGHT LED replacement bulb, to be sold for under $5.00 within 10 years.
- Immediately banning sale/(and eventual banning of display of) of ALL holiday lights that are not LED based. Enforcement by an income tax surcharge. Violations (and those documenting them) will be rewarded/enforced by giving a percentage of electric rates for December to those sufficently documenting the display.
- Immediate Green Home building program...percentage tax savings for building/retrofitting homes, items ranging from solar panels, to heat pumps, to solar walls, to elimination of all incandescent light bulbs. All new buildings (within X years) MUST conform to these new "greener" standards.
- Elimination of the "cap" on tax incentives on plug-in hybrid cars.
- Encouragement of plug-in charging stations for hybrids.
6-19-08
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