H.R.2415 'Affordable Gas Price Act'

Thomas ^ | 5 21 07 | Ron Paul

[Dick Bachert]

H.R. 2415 is compilation of proposals for a free market approach to dealing with America's gasoline crisis. It deserves cosponsorship support so that it will receive committee action.

Despite our need to increasingly rely on our own domestic resources the U.S. government has forbidden the development of some major U.S. oil fields. It is unrealistic to expect a nationwide alternative energy infrastructure to materialize quickly enough to prevent major problems for our oil-driven economy.

However, H.R. 2415 would increase refinery and offshore oil production during the transition period to minimize America's oil and gas pinch by further tapping our own energy resources — not just developing new oil fields that are now off-limits but also using other technologies including the conversion of coal to liquid fuels and a heavier reliance on nuclear power.

Of course, in addition to the lack of harnessing our own energy potential and our unnecessary dependence on foreign oil, another important factor in the price of oil is the devaluation of the dollar through inflation. Sec. 9. of H.R. 2415 calls for the U.S. Treasury and the Federal Reserve to produce a report on the relationship between the increase in our fiat money supply (rising at a shocking 16-17% annual rate) and the rise in the price of oil. Such a report would be vital in assessing the federal government's responsibility for rising prices.

Inflationary Federal Reserve policy encourages speculation that drives oil prices higher than a tightening supply alone. Recent talk by politicians about increasing the regulation of speculators might lead to treating symptoms rather than the cause and divert attention from much needed scrutiny of the FED.

H.R. 2415 currently has no cosponsors, which is baffling considering that a group of over 110 Republicans boast of their desire to increase domestic oil production and energy independence. Urge your congressman to cosponsor H.R. 2415. The likelihood that this bill will advance beyond the committee stage and be voted on by the House increases in proportion to the number of cosponsors it has. It is a bonus if your congressman is the chairman, the ranking member, or a regular member of the Subcommittee on Energy and Mineral Resources, to which H.R. 2415 was referred.

[Dick Bachert]

I know many Freepers don't like Ron but he IS, after all a pretty smart man and looks to have been about a year ahead of the curve on this one. His bill was introduced in MAY, 2007! It begs the question: WHY NO COSPONSORS??? And where is the White House on the issue?

[DocRock]

bookmark

[avacado]

"I know many Freepers don't like Ron but he IS, after all a pretty smart man and looks to have been about a year ahead of the curve on this one. His bill was introduced in MAY, 2007!"

I am with Mr Moonbeam on this one!

"It begs the question: WHY NO COSPONSORS???"

All the potential sponsors on this bill are busy enjoying the sunset...

[TLI]

Full text of the Bill.

http://thomas.loc.gov/cgi-bin/query/z?c110:H.R.2415:

Ron Paul submitted the bill, that is no reason to not co-sponsor.

On the surface it looks ok. I have not read it entirely.

*********************

(a) Short Title- This Act may be cited as the `Affordable Gas Price Act’.

(b) Table of Contents-

Sec. 1. Short title; table of contents.

Sec. 2. Findings.

Sec. 3. Termination of restrictions on oil and natural gas development on Federal lands.

Sec. 4. Limitation of suits under National Environmental Policy Act of 1969.

Sec. 5. Incentives for investment in oil refineries.

Sec. 6. Suspension of fuel taxes on highway motor fuels when weekly United States retail gasoline prices exceed benchmark.

Sec. 7. Increase in mileage reimbursement rates.

Sec. 8. Termination of application of title IV of the Trade Act of 1974 to the Russian Federation and Kazakhstan.

Sec. 9. Study on effects of oil prices on monetary policy.

[Kolb]

http://thomas.loc.gov/cgi-bin/query/D?c110:1:./temp/~c110lY71b5::

[Retired Greyhound]

is that the RINO paige program?

[avacado]

"is that the RINO paige program?"

[MarkT]

My rep is Dollar Bill Jefferson - he and his family are busy right now with other moe pressing matters - indeed, if they get convicted of any one of the dozens of counts in the several indictments, they really won't care about the cost of energy - the Feds will be paying the bill at the penitentiary.

That said, I have sent my "next door" newly elected Rep (Steve Scalise - R- La) my endorsement of Paul's bill as well as my Senator, David Vitter - everyone should send his/her own Rep/Senthe msg that we have to get in front of this issue and take control.

McCain is against drilling in ANWR but he is, after all, a political whore and maybe can get the msg - much like the donkey, one only has to hit it in the head with a post a few times and it will get the msg.

[avacado]

My Texas Reps are all for opening up the ANWR. And as for McCain, as you said the donkey just needs to be hit in the head often enough. I heard MCain yesterday on TV saying that we needed to open up domestic production but he didn't mention ANWR. He needs a few more whacks in the head.

[TLI]

And as for McCain, as you said the donkey just needs to be hit in the head often enough.

I don’t know, he spouted a load of crap about "learning his lesson" in regards to amnesty for illegal aliens. That was one of the biggest smackdown of politicians by the American public in history. But little Juan is right back on the side of the illegals AGAIN in his open support for amnesty.

After adjusting his immigration stance when his comprehensive immigration bill died last summer, John McCain, now with the Republican nomination in hand, has once again ruffled conservative feathers on the immigration issue by returning to the position that almost stopped his campaign dead in its tracks.

Mr. McCain joined California Gov. Arnold Schwarzenegger last week in supporting a "comprehensive" immigration plan that would address the problem "in a humane and compassionate fashion."

"Sen. [Edward] Kennedy and I tried very hard to get immigration reform, a comprehensive plan, through the Congress of the United States," Mr. McCain stated. "We must make it a top agenda item."

May 27, 2008

LINK

I can hardly wait to see what the lying azz has to say at his cameo speech at the La Raza Annual Convention.

What utter scum.

[SUSSA]

Dr. Paul needs to ad an amendment to the bill regulating the “Intercontinental Exchange” an unregulated “black” commodities market. Read these from the Fort Worth Star Telegram.

http://www.star-telegram.com/ed_wallace/story/651928.html

http://www.star-telegram.com/ed_wallace/story/659081.html

But this is a good start.