Category Archives: high gas prices

>Ethanol Suffers Rare Loss in Senate

>Wasn’t it just earlier this week that the Senate rejected the idea of ending subsidies for Ethanol producers? Evidently that rejection wasn’t the end of the debate and now by a large bi-partisan majority, the US Senate has by a vote of 73-27 decided that in the name of deficit reduction the country can no longer afford to give away $6 billion a year to an industry that hasn’t produced the savings at the gas pump that was expected when the tax breaks went into effect 3 decades ago.

The following excerpt is from a Wall Street Journal report that has just recently been posted online:

A bipartisan majority of the Senate voted Thursday to end more than three decades of federal subsidies for ethanol, signaling that other long-sacrosanct programs could be at risk as Democrats and Republicans negotiate a sweeping deficit-reduction deal.

The tax breaks, which now cost about $6 billion a year, had long been considered untouchable politically because of the power of farm-state voters and lawmakers. Iowa’s role as the site of the first presidential caucuses has further elevated the political potency of the biofuel.

The Senate voted to repeal a $6 billion tax credit for ethanol producers, a move that could signal the end of some federal subsidies as part of an eventual budget compromise. Joe White has details.

Presidential hopefuls made a quadrennial ritual of going to Iowa and pledging to support the tax breaks, tariffs and mandates that supported production of ethanol motor fuels from corn. This year, however, some Republican presidential candidates have pointedly refused to endorse ethanol tax breaks.

Thursday’s vote doesn’t by itself doom federal support for the corn ethanol industry. The House is expected to reject it on the grounds that changes to the tax code, under the Constitution, must originate there, and the White House says an outright repeal is too abrupt. But the 73-27 vote signals that in a time of fiscal challenges, programs that once appeared unassailable now could be vulnerable.

The ethanol vote was driven by a coalition of liberal lawmakers and fiscal conservatives—it was sponsored by Sens. Dianne Feinstein (D., Calif.) and Tom Coburn (R., Okla.)—who want to end subsidies for wealthy interest groups before slashing social welfare programs. They were opposed by a bloc of farm-state lawmakers seeking to fend off the repeal or slow it down.

The Senate action could also open the door to attacks on other tax breaks, such as those benefiting oil companies, in the interest of deficit reduction. Republicans have been wary of doing so, but 33 Republicans joined 40 Democrats and Independents in supporting Thursday’s repeal, which has the effect of raising taxes on oil refiners….

You can read more by clicking ….Here

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Filed under biofuels, corn growers, ethanol subsidies, flex fuel, high gas prices, Oil industry, US Senate, Wall Street Journal

>President Obama’s Weekly Address 5/14/11: Expanding Responsible Oil Production in America

>As part of his long-term plan to reduce our reliance on foreign oil, President Obama lays out his strategy to continue expanding safe and responsible domestic oil production.

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Filed under domestic oil production, foreign oil, high gas prices, Off shore oil drilling, President Obama, speculators, weekly address

>The Obama Energy Agenda and Gas Prices

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(Click to Enlarge)

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Filed under clean energy, high gas prices, oil agenda, President Obama, quick facts

>President Obama’s Weekly Address 5/7/11: Clean Energy to Out-Innovate the Rest of the World

>WASHINGTON – Speaking to the American people from Indianapolis, Indiana, President Obama said that clean energy companies like Allison Transmissions will keep the economy growing, create new jobs, and make sure America remains the most prosperous nation on Earth. Clean energy is also part of the ultimate solution to high gas prices. Until we reduce our dependence on oil, we will be held hostage to the ups and downs of the oil markets. That means we need to continue to invest in clean, alternative sources of energy – like advanced biofuels and natural gas – and more efficient cars, buses and trucks. See an infographic explaining the President’s short and long term approach to high gas prices HERE.

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Filed under Allison Transmissions, clean energy, domestic oil production, high gas prices, Indianapolis Indiana, Job creation, Oil Prices, President Obama, weekly address

>President Obama’s Weekly Address 4/2/11: Gas Prices & Energy Security

>WASHINGTON – In his weekly address, President Obama discussed his strategy to reduce our dependence on foreign oil and secure our nation’s energy future. When the President was elected, America imported eleven million barrels of oil a day. This week he announced a bold, but achievable goal of cutting this number by one-third by 2025.

To achieve this goal we will increase responsible domestic oil and gas development in the short term, while also increasing efficiency and harnessing new technologies including biofuels, natural gas, and advanced batteries. And through the Clean Fleets Partnership, large companies, such as UPS, FedEx, AT&T, Verizon, and PepsiCo, will help boost the market for clean fuels by switching their fleets over to electric and alternative vehicles.

http://www.whitehouse.gov/sites/all/modules/swftools/shared/flash_media_player/player5x2.swf

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Filed under Alternative energy, ATT, energy future, FedEx, foreign oil, green energy, high gas prices, PepsiCo, President Obama, weekly address

Gas prices fuel some skipped first aid calls

The Asbury Park Press is reporting that the high cost of gas is causing some members of the Holmdel First Aid Squad to miss calls for help. It seems that a number of the First Aider’s are on fixed incomes and can not afford to respond to calls.
Officials in town are stating however, that all emergency calls are being responded to and that no one is currently in danger.

This seems like a real problem, how long before the public becomes effected? And is this an isolated situation or are other towns in the Bayshore experiencing the same problems? I would like to know because something needs to be done about it before some one dies.

Is it possible for towns to reimburse some of the fuel costs to their emergency responders, maybe $20-$25 dollars a month or maybe on a per mileage, per call basis ? I don’t know, but this issue needs to be looked at if towns are going to rely on volunteers to provide emergency services.

Click on the headline to read the story

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Filed under Asbury Park Press, Bayshore, Emergency Responders, First Aid responders, high gas prices, Holmdel, Oil Prices

>Gas prices fuel some skipped first aid calls

>The Asbury Park Press is reporting that the high cost of gas is causing some members of the Holmdel First Aid Squad to miss calls for help. It seems that a number of the First Aider’s are on fixed incomes and can not afford to respond to calls.
Officials in town are stating however, that all emergency calls are being responded to and that no one is currently in danger.

This seems like a real problem, how long before the public becomes effected? And is this an isolated situation or are other towns in the Bayshore experiencing the same problems? I would like to know because something needs to be done about it before some one dies.

Is it possible for towns to reimburse some of the fuel costs to their emergency responders, maybe $20-$25 dollars a month or maybe on a per mileage, per call basis ? I don’t know, but this issue needs to be looked at if towns are going to rely on volunteers to provide emergency services.

Click on the headline to read the story

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Filed under Asbury Park Press, Bayshore, Emergency Responders, First Aid responders, high gas prices, Holmdel, Oil Prices