Mike Ross on Energy & Oil

Voted YES on tax incentives for renewable energy.

• Production Incentives: Extends through 2011 the tax credit for the production of electricity from renewable resources (e.g., wind, biomass, geothermal, and hydropower).
• Extends through 2016 the energy tax credit for investment in solar energy and fuel cell property.
• Allows a new tax credit for the production of plug-in hybrid vehicles.
• Extends through 2010 the tax credits for biodiesel (including agri-biodiesel)
• Allows an alcohol fuels tax credit for the production of qualified cellulosic alcohol fuel.
• Denies the tax deduction for income attributable to domestic production of oil, gas, or any related products.

SUPPORTER'S ARGUMENT FOR VOTING YES:Rep. MATSUI: Today's debate is about investing in renewable energy, which will chart a new direction for our country's energy policy. This bill restores balance to our energy policy after years of a tax structure that favors huge oil companies. Today's legislation will transfer some of the massive profits enjoyed by these oil companies and invest them in renewable resources that will power our economy in the future.

OPPONENT'S ARGUMENT FOR VOTING NO:Rep. SMITH of Texas: I oppose H.R. 5351. While it is well and good to encourage alternative energy development, Congress should not do so by damaging our domestic oil and gas industry. In 2006 all renewable energy sources provided only 6% of the US domestic energy supply. In contrast, oil and natural gas provided 58% of our domestic energy supply. The numbers don't lie. Oil and natural gas fuel our economy and sustain our way of life.

Furthermore, almost 2 million Americans are directly employed in the oil and natural gas industry. Punishing one of our Nation's most important industries does not constitute a national energy policy.

LEGISLATIVE OUTCOME:Bill passed House, 236-182

Voted NO on authorizing construction of new oil refineries.

• Authorizing the President to designate sites on Federal land for construction of new oil refineries, including at least three on closed military bases
• Allowing the Secretary of Energy to enter into contracts with non-Federal entities to construct or restore new refineries that use crude oil or coal to produce gasoline or other fuel
• Establishing a program to encourage carpools by giving grants to states and to evaluate the use of the Internet to link riders with carpools, assist employers establish carpool programs, and market existing programs
• Authorizing any facility to use biomass debris as fuel if it meets certain standards, such as resulting from a major disaster
• $2.5 million to create an education campaign about gasoline conservation

Voted YES on passage of the Bush Administration national energy policy.

Voted YES on implementing Bush-Cheney national energy policy.

Voted NO on raising CAFE standards; incentives for alternative fuels.

Voted NO on prohibiting oil drilling & development in ANWR.

Balance fossil fuels and viable renewable energy.

Blue Dogs believe in a balanced energy plan that expands our energy supply by promoting a diverse energy mix. As a country blessed with a diverse energy portfolio of traditional fossil fuels and viable renewable energy sources, we believe it is critical to promote a forward-looking, market-based, and balanced national energy strategy. We must encourage research and development in new energy technologies that promote the greatest level of conservation at home, in business, and in industry. Reducing national energy intensity through energy efficient applications can save consumers and business billions in extra energy costs while also reducing polluting emissions. Pursuing these collective goals will strengthen our energy security, diversify our energy mix, and provide Americans with reliable and affordable energy sources.

Tax credit for gas stations providing 85% ethanol fuel.

OFFICIAL CONGRESSIONAL SUMMARY: A bill to provide for Flexible Fuel Vehicle (FFV) refueling capability at new and existing refueling station facilities to promote energy security and reduction of greenhouse gas emissions.

SPONSOR'S INTRODUCTORY REMARKS: Sen. OBAMA: We have all heard from folks back home about the high price of gasoline. The bill I am introducing today is designed to do something about fuel prices and our reliance on foreign oil.

Last week, I visited a gasoline station in Springfield, IL, where along with regular gasoline, a new kind of fuel is offered for consumers--a fuel known as E-85. E-85 is a clean, alternative form of fuel consisting of a blend of 85% ethanol and 15% gasoline. Ethanol is made from renewable, Midwestern corn, and it is 40-60 cents cheaper per gallon than standard gasoline. Last week, at this Springfield station, regular gasoline was listed at $2.06 and E-85 was selling for $1.69.

Not every car can run on E-85 fuel--but there are millions of cars that can. They're known as "flexible-fuel vehicles," and the auto industry is turning them out every year. The only problem we have now is that we're in short supply of E-85 stations. While there are more than 180,000 gas stations all over America, there are only about 400 E-85 stations. And although E-85 has many environmental benefits and is a higher performing fuel, the fuel economy of E-85 is slightly lower than that of regular gasoline. An additional incentive is needed to help ensure that the cost of this clean fuel remains competitive with that of regular gasoline.

That is why I'm introducing a bill to provide a tax credit of 50% for building an E-85 fuel station and a tax credit of 35 cents per gallon of E-85 fuel. I think this bill gives us an opportunity to actually get something done about energy independence.

LEGISLATIVE OUTCOME:Referred to Senate Finance Committee; never came to a vote.

Rated 50% by CAF, indicating a mixed record on energy independence.

OnTheIssues.org interprets the 2005-2006 CAF scores as follows:

• 0% - 30%: opposition of energy independence (approx. 206 members)
• 30% - 70%: mixed record on energy independence (approx. 77 members)
• 70%-100%: support for energy independence (approx. 183 members)

The Campaign for America's Future (CAF) is a center for ideas and action that works to build an enduring majority for progressive change. The Campaign advances a progressive economic agenda and a vision of the future that works for the many, not simply the few. The Campaign is leading the fight for America's priorities--against privatization of Social Security, for investment in energy independence, good jobs and a sustainable economy, for an ethical and accountable Congress and for high quality public education.

About the CAF report, "Energy Independence: Record vs. Rhetoric":

Energy independence has surfaced as a defining issue in the current elections. Are most candidates and both parties truly committed? To help distinguish the demonstrated level of support for homegrown, clean energy alternatives, we examined the voting records of current U.S. Representatives and Senators on bills vital to promoting those interests. Key pieces of legislation included goals for independence, and subsidies for the development of alternatives compared to subsidies for drilling and digging. We then compared votes on these issues with campaign contributions from major oil interests. The results show strong inverse correlations between political contributions from big oil and votes for energy independence.

Set goal of 25% renewable energy by 2025.

A resolution that it is the goal of the United States that, not later than January 1, 2025, the agricultural, forestry, and working land of the US should provide from renewable resources not less than 25% of the total energy consumed and continue to produce safe, abundant, and affordable food, feed, and fiber. [Governors also signed letters of endorsement at www.25x25.org]

Rep. SALAZAR: "Our resolution establishes a national goal of producing 25% of America's energy from renewable sources--like solar, wind and biofuels--by 2025. The "25x'25" vision is widely endorsed, bold, and fully attainable. If implemented, it would dramatically improve our energy security, our economy, and our ability to protect the environment.

"I am pleased that more than 20 of my colleagues in the Senate, from both sides of the aisle, are cosponsoring this resolution. In addition, the "25x'25" vision has been endorsed by 22 current and former governors and several State legislatures across the country. The Big Three automobile manufacturers--Ford, Chrysler, and General Motors--are all behind "25x'25" So are many agricultural organizations, environmental groups, scientists, and businesses, ranging from the Natural Resources Defense Council to John Deere.

"These Americans understand that we cannot continue to import 60% of our oil from foreign countries, many of which are hostile to the US, if we aim to be strong and secure in the world. They know that we will have to build a clean energy economy if we are to reduce our dependence on foreign oil. It is time for Congress to take a more active role in our clean energy future. Establishing a national goal--"25x'25" is the first step."