Lowering Gas Prices and Reducing Dependence on Imported Oil
While the price of oil has decreased from the recent big spike, the volatility of the oil and natural gas markets are of serious concern. Furthermore, oil-producing nations and the Organization of Petroleum Exporting Countries (OPEC) continue to limit production of oil in order to keep supplies tight and prices high. I have spoken out on numerous occasions against this form of economic extortion. I have also cautioned against the formation of a natural-gas cartel similar to OPEC. I authored and passed a resolution that declared the establishment of a natural gas cartel to be a threat to U.S. national security interests.
Investing In Our Energy Future
I am a strong supporter of greater federal investment in alternative energy sources such as wind, solar, biomass, and hydrogen fuel cell power. I voted in favor of landmark domestic energy legislation to reduce America's dependence on foreign oil and increase our use of clean energy technologies. This bill:
* Requires that automakers increase fuel efficiency for cars, pickup trucks and SUVs to an average of 35 miles per gallon by 2020-the first increase in the federal auto fuel economy standard in 32 years.
* Establishes a national renewable electricity standard. This standard requires non-public utilities to generate 15% of all power from renewable sources, such as solar and wind power, by the year 2020.