Wednesday, July 19, 2006

We Need a Transparent Oil Policy

Today the Fed came out with some frightful news: Oil prices are starting to pressure inflationary tendencies in the U.S. Fed Chairman Ben Bernarke testified to Congress that even though economic activity is moderating, record high oil prices may cause inflation to get worse. Not only is it bad enough that we consumers are getting gouged at the pump, the back door energy policy of this administration and the do-nothing Congress has failed to deliver a future oriented energy policy. This is resulting in inflationary pressures that drive up interest rates and make working families' paycheck stretch less than before. All right after the Senate bats down a minimum wage increase that has not been raised in 10 years.

We need a future oriented energy policy that is open and transparent. Where the power of the presidency is not invoked claiming executive privilege when it was drafted in a back room with people like Enron's Ken Lay. Our Congress needs to look forward to cleaner domestic energy sources like wind, solar and bio-based fuels. Some technology could even stimulate our rural economies. Cellulosic ethanol could be made from materials grown in our rural counties giving them much needed economic infrastructure.

It is time to clean house in Washington. The decisions they make (or lack thereof) has a direct impact on our pocketbooks and how we survive in Utah.


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