SPECIAL REPORT ON ENERGY SOLUTIONS
In the early 1970's, Americans idled in long gas lines because of the OPEC oil embargo; a reflection of our 35 percent dependence on foreign oil
at the time. That was our first warning to change our ways and reduce our dependence. In 1991, the price of gasoline skyrocketed because Kuwaiti
and Iraqi oil supplies were cut off by the first Gulf War. This again demonstrated our dependence on foreign oil, which, at the time, accounted for 42 percent of our daily consumption. Today, our dependence on foreign oil has risen to 58 percent, and we are suffering from record gas prices.
Oil speculators and OPEC are manipulating the market while oil companies have failed to develop known resources from millions of acres they
have already leased. Our repeated failures to break our imported oil addiction stressing family budgets and put our entire economy at risk.
Americans need relief at the pump now as gas prices have soared to over $4 a gallon while oil companies reap obscene profits. See the article below
on Three Ways We Can Quickly Reduce Energy Prices to learn more. The next step is to transition away from foreign energy supplies and focus on
cleaner natural gas and reduce our demand for fuel. In the long run, our nation has to use its American ingenuity and technology to foster advanced
technologies to break foreign oil's grip on our nation. On page 3 you will find Promoting a Reasonable Transition to Long Term Solutions.
Vice President Cheney formulated the Bush Administration's energy policies behind closed doors. I opposed the adoption of the Bush energy
policies and predicted they would lead to more dependence on foreign oil, and they have. Their oil dependent policies have delayed any
meaningful progress toward a new energy future making the transition more painful and longer than necessary. Congress needs to take
steps to prevent consumers from being price-gouged while we forge a plan for a more energy efficient future.
While I agree we can increase domestic supplies, a lack of supply is not the reason consumers are reeling from for record gas prices today.
The fact is world supply of oil is tight, but adequate to meet demand. Has anyone been waiting in long lines to buy gas like we did in the 1970's?
The only long lines I have seen in Springfield have been at the one station that offers a significantly lower price. Today's price crisis is not the
result of a supply problem, we have a market problem. See the article on page 2, Domestic Energy Supplies for more information.
Finally, no energy discussion is complete without a discussion on climate change. See Climate Change: The 800 lb Gorilla Around the Corner
on page 3. Oregon also has a unique role to play in biofuel production. See the back page for Ethanol Concerns and Biofuel Promises.