Posted by
Arayem on Saturday, June 27, 2009 11:16:08 AM
This is actually from the so called clean energy bill passed by the House of Representatives last night. Couldn't someone inform Waxman that we have enormous reserves of oil and natural gas lying off the coast?
SEC. 127. OPEN FUEL STANDARD.
(a) Findings- The Congress finds that--
(1) the status of oil as a strategic commodity, which derives from its domination of the transportation sector, presents a clear and present danger to the United States;
(2) in a prior era, when salt was a strategic commodity, salt mines conferred national power and wars were fought over the control of such mines;
(3) technology, in the form of electricity and refrigeration, decisively ended salt's monopoly of meat preservation and greatly reduced its strategic importance;
(4) fuel competition and consumer choice would similarly serve to end oil's monopoly in the transportation sector and strip oil of its strategic status