(Gas pump photo from Flickr and photographer Frank Shapiro)
Washington Report 1: High gasoline prices are good for the environment, right? People drive less and buy more fuel-efficient cars. Hybrid purchases were up 38% last year while overall new auto sales slumped 3%. So high gas prices do have some impact on curbing carbon omissions. Then why are so many of those who champion cutting greenhouse gases favoring a price cut, not a tax hike, on gasoline? Ask John McCain, GOP presumptive nominee for president, who has offered a bill creating a gas-tax holiday – removal of the 18.4% federal tax during the summer. And who’s co-sponsoring his idea? None other than Sen. Joe Lieberman (I-Conn.), who follows McCain around like a puppy, and his partner on the global warming bill in the Senate, Sen. John Warner (R-Va.). This is a case where short-term political gain clearly outweighs long-term planetary goals. Some of the key environment-championing Dems are getting in on the act too – like Senate Environment Chair Barbara Boxer (Caif.) and Rep. Ed Markey (Mass.), who also want to bring down gas prices. The Dem proposals are different, though. House Speaker Nancy Pelosi (D-Calif.) would like to resurrect legislation passed by the House but not the Senate, to penalize gasoline price-gouging and repeal oil subsidies. Some other Dem ideas floating around are temporarily stopping oil transfers to the Strategic Petroleum Reserves (Boxer and Markey), and blocking arms sales to OPEC countries until they increase the oil supply. These measures aim to calm the speculation frenzy in the oil market and thus reduce prices. Different approaches but with the same goal: to cut prices so Americans can be free to use more gas. When will we learn? (Source: E&E News PM)
