Paul Ryan on Energy & Oil

Republican nominee for Vice President; U.S. Rep. (WI-1)


Build new refineries; drill for our own oil

Fighting for a comprehensive energy plan to reduce gas prices and curb our dependence on foreign oil and fossil fuels. I have fought to utilize American energy supplies, promote the building of new refineries, cut the number of reformulated fuel blends, and responsibly promote conservation technology and alternative sources of renewable energy.

Calling upon Congress to boost the supply of American energy. With more oil under US soil than the entire Middle East, we must drill for our own oil rather than sending 1.5 billion dollars a day to foreign governments who are hostile to America.

Our nation's flawed energy policies are causing great pain at the pump and have put at risk the livelihoods of hard-working Wisconsinites. We need a coherent energy policy--and we need one today.

Source: 2012 House campaign website, ryanforcongress.com, "Issues" , Aug 11, 2012

Drill ANWR & use its $200B in revenue for alternative energy

    We need a coherent energy policy--and we need one today.
  1. We must boost domestic energy supply and drill for more oil. North America is home to a tremendous untapped supply of oil and natural gas--but we aren't allowed to touch a vast majority of it. In the Arctic National Wildlife Refuge, the Outer Continental Shelf, and the Intermountain West, we have more oil under our ground than all Middle East countries combined.
  2. Drilling alone is not enough. We need a multi-faceted approach to tackling our energy crisis. We must streamline the process for building new refineries.
  3. Ee must provide increased incentives to unleash American ingenuity on getting us off of our addiction to fossil fuels. Drilling in ANWR alone would generate nearly $200 billion in tax revenues and royalties for the Federal Government. This could be invested in a Manhattan Project for alternative energy to get us off of our dependence on fossil fuels. We can drill for oil today to help make us oil-free tomorrow.
Source: 2012 House campaign website, ryanforcongress.com, "Issues" , Aug 11, 2012

Support renewable portfolio standard for electric suppliers

I support responsible efforts that get us off of our addiction to fossil fuels. I have supported a recent proposal to establish a national renewable portfolio standard (RPS) for electric suppliers, which would move us toward greater use of renewable energy resources for our electricity needs. This policy will diversify our country's energy portfolio, provide consumers with environmentally friendly and cost effective electricity, and encourage investment in alternative energy producing technology.
Source: 2012 House campaign website, ryanforcongress.com, "Issues" , Aug 11, 2012

Cap-and-trade bureaucratically rations conventional energy

The President's energy policies have been characterized by punitive regulations on economically competitive sources of energy, coupled with reckless spending on uncompetitive alternatives. The controversial "cap and trade" bill that President Obama tried and failed to pass through Congress in 2009, would have established an elaborate bureaucratic structure for taxing and rationing conventional energy sources. But instead of accepting this verdict on its preferred policy, the administration continued to pursue de facto cap and trade approaches by supporting the EPA's unilateral plan to impose emissions restrictions on American businesses. The push by the Obama administration to pursue energy and environmental policy through heavy-handed regulations circumvents accountability to voters and leaves decisions in the hands of a bureaucratic infrastructure. Unnecessary regulations tie the hands of small businesses and create a hostile and uncertain business environment, discouraging job growth.
Source: The Path to Prosperity, by Paul Ryan, p. 25 , Apr 5, 2012

Automaker bailout abused process to force new fuel standards

In some areas, such as fuel-economy standards, the administration has abused a rulemaking process in order to ensure compliance from private-sector parties. For instance, bailing out General Motors and Chrysler as it was telling them to accept government's more costly fuel-economy standards.

In other areas, such as the debate over the new Keystone pipeline, the administration has simply blocked action that would result in more jobs and lower energy prices for Americans. President Obama has chosen to delay a decision on this common-sense job creator until after the next election, despite years of vetting and an exhaustion of inadequate excuses.

The result: Since the start of the administration, gas prices have doubled; regulations have extracted almost $2 trillion per year from the economy, including $281 billion for environmental regulations imposed on small businesses.

Source: The Path to Prosperity, by Paul Ryan, p. 26 , Apr 5, 2012

Develop all American-made energy, including nuclear

[We should] restore competition and exploration as the keys to a vibrant energy sector, and get the government out of the business of picking winners and losers. In stark contrast to the President's energy policy, this budget promotes new energy exploration to discover unknown energy resources, generate millions of new high-paying jobs and help fund needed infrastructure initiatives.

This budget assumes increased revenues from bonus bids, rents, royalties, and fees as a result of lifting moratoriums and bans on safe, environmentally responsible exploration for domestic energy supplies. And it allows private development of all American-made energy, including nuclear, wind and solar.

Ultimately, the best energy policy is one that encourages robust competition and innovation to ensure the American people an affordable and stable supply of energy. This budget would roll back federal intervention and expensive corporate welfare funding directed to favored industries.

Source: The Path to Prosperity, by Paul Ryan, p. 30 , Apr 2, 2012

Voted YES on opening Outer Continental Shelf to oil drilling.

Proponent's Argument for voting Yes:
[Rep. Young, R-AK]: The Americans suffering from $4 a gallon gas today must feel like they're experiencing a sense of deja vu. In 2008, when gasoline prices reached a record high of $4.11 per gallon, the public outcry forced Congress to act. That fall, Congress lifted the offshore drilling ban that had been in place for decades. Three years later, most Americans would likely be shocked to learn that no energy development has happened in these new areas.

Opponent's Argument for voting No:
[Rep. Markey, D-MA]. In the first 3 months of this year, Exxon-Mobil made $10 billion off of the American consumer; Shell made $8 billion; BP made $7 billion. So what are these companies asking for? These companies are now asking that we open up the beaches of California, Florida & New England to drill for oil. People who live near those beaches don't want oil coming in the way it did in the Gulf of Mexico. Right now, those oil companies are centered down in the Gulf of Mexico. People are concerned because those companies have blocked any new safety reforms that would protect against another catastrophic spill. We have to oppose this bill because, first of all, they already have 60 million acres of American land that they haven't drilled on yet, which has about 11 billion barrels of oil underneath it and an equivalent amount of natural gas. This bill is just a giveaway to Exxon-Mobil and Shell.

Reference: Reversing Pres. Obama's Offshore Moratorium Act; Bill H.1231 ; vote number 11-HV320 on May 12, 2011

Voted YES on barring EPA from regulating greenhouse gases.

Proponent's Argument for voting Yes:
[Rep. Upton, R-MI]: This legislation will remove the biggest regulatory threat to the American economy. This is a threat imposed not by Congress, but entirely by the Obama EPA. This administration wanted a cap-and-trade system to regulate greenhouse gases, but Congress said no. So beginning in early 2009, EPA began putting together a house of cards to regulate emissions of carbon dioxide. The agency began with automobiles, declaring that their emissions endangered public health. That single endangerment finding has since been used by EPA to launch an unparalleled onslaught. The result, two years later, is a series of regulations that will ultimately affect every citizen, every industry, really every aspect of our economy and way of life.

Opponent's Argument for voting No:
[Rep. Waxman, D-CA]: This bill is a direct assault on the Clean Air Act. Its premise is that climate change is a hoax and carbon pollution does not endanger health and welfare. But climate change is real. It is caused by pollution, and it is a serious threat to our health and welfare. We need to confront these realities. American families count on the EPA to keep our air and water clean. But this bill has politicians overruling the experts at EPA, and it exempts our biggest polluters from regulation. If this bill is enacted, the EPA's ability to control dangerous carbon pollution will be gutted.

Reference: Energy Tax Prevention Act; Bill H.910 ; vote number 11-HV249 on Apr 7, 2011

Voted NO on enforcing limits on CO2 global warming pollution.

Congressional Summary:Requires utilities to supply an increasing percentage of their demand from a combination of energy efficiency savings and renewable energy (6% in 2012, 9.5% in 2014, 13% in 2016, 16.5% in 2018, and 20% in 2021). Provides for:
  1. issuing, trading, and verifying renewable electricity credits; and
  2. prescribing standards to define and measure electricity savings from energy efficiency and energy conservation measures.
Amends the Clean Air Act (CAA) to set forth a national strategy to address barriers to the commercial-scale deployment of carbon capture and sequestration.

Proponent's argument to vote Yes:Rep. ED MARKEY (D, MA-7): For the first time in the history of our country, we will put enforceable limits on global warming pollution. At its core, however, this is a jobs bill. It will create millions of new, clean-energy jobs in whole new industries with incentives to drive competition in the energy marketplace. It sets ambitious and achievable standards for energy efficiency and renewable energy from solar, wind, geothermal, biomass so that by 2020, 20% of America's energy will be clean.

Opponent's argument to vote No:Rep. BOB GOODLATTE (R, VA-6): I agree that this bill has very important consequences, but those consequences are devastating for the future of the economy of this country. It's a fantasy that this legislation will turn down the thermostat of the world by reducing CO2 gas emissions when China & India & other nations are pumping more CO2 gas into the atmosphere all the time. We would be far better served with legislation that devotes itself to developing new technologies before we slam the door on our traditional sources of energy like coal and oil and and nuclear power. We support the effort for energy efficiency. We do not support this kind of suicide for the American economy. Unfortunately, cap and trade legislation would only further cripple our economy.

Reference: American Clean Energy and Security Act; Bill H.R.2454 ; vote number 2009-H477 on Jun 26, 2009

Voted NO on tax credits for renewable electricity, with PAYGO offsets.

Congressional Summary:Extends the tax credit for producing electricity from renewable resources:

Proponent's argument to vote Yes: Rep. RICHARD NEAL (D, MA-2): This bill contains extensions of popular tax incentives that expired at the end of last year. This needs to get under way. The R&D tax credit is important. This bill includes a number of popular and forward-thinking incentives for energy efficiency. This is a very balanced bill which does no harm to the Federal Treasury. It asks that hedge fund managers pay a bit more, and it delays an international tax break that hasn't gone into effect yet. It is responsible legislation.

Opponent's argument to vote No:Rep. DAVE CAMP (R, MI-4): We are conducting another purely political exercise on a tax bill that is doomed in the other body because of our House majority's insistence on adhering to the misguided PAYGO rules. The Senate acted on a bipartisan basis to find common ground on this issue. They approved a comprehensive tax relief package containing extenders provisions that are not fully offset, as many Democrats would prefer, but contain more offsets than Republicans would like. Why is this our only option? Because the Senate, which has labored long and hard to develop that compromise, has indicated in no uncertain terms that it is not going to reconsider these issues again this year.

[The bill was killed in the Senate].

Reference: Renewable Energy and Job Creation Tax Act; Bill H.R.7060 ; vote number 2008-H649 on Sep 26, 2008

Voted NO on tax incentives for energy production and conservation.

OnTheIssues.org Explanation: This bill passed the House but was killed in the Senate on a rejected Cloture Motion, Senate rollcall #150

Congressional Summary: A bill to amend the Internal Revenue Code of 1986 to provide Tax incentives for energy production and conservation, to extend certain expiring provisions, and to provide individual income tax relief.