Establishing a solid energy policy is one of the most important roles that Congress has. Legislation that simply raises taxes on American oil companies will not alleviate the problem. In fact, it will only make the burden heavier for consumers. I believe we need to implement legislation that will encourage conservation and promote the research and innovation necessary to develop new technologies. But, while doing this, we must also unlock new oil supply. Texans still put gasoline in their cars and trucks so we can't expect new technology to take the place of oil and gas overnight. I believe that creating a renewable energy portfolio-wind, solar, hydropower, geothermal and ethanol-while maximizing our use of domestic fossil fuels-coal, oil and natural gas-will allow us to plan for our future needs while providing enough energy for today.
While our nation may require the use of fossil fuels for some time, renewable sources of energy also have great potential to alleviate our energy shortcomings. I strongly support the federal government's initiative to provide grant funding for research and development of new technologies.
Our nation's dependence on foreign sources of energy poses both an approaching supply problem and potential threat to our national security. I firmly believe we must reduce our dependence on crude oil from countries, such as Iran and Venezuela, who wish America harm. By exploring alternative and traditional sources of energy within the jurisdiction of the United States, our energy independence and national security can be improved.