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This is why oil is so high.

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dave502d Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-07-06 06:29 PM
Original message
This is why oil is so high.
Carter met the problems by starting sweeping oil-reduction reforms, including creation of the Cabinet-level Department of Energy.

He began spending millions of dollars researching alternative sources for electrical power, including solar power. He got utilities to cut their use of oil for electricity and ramp up their use of natural gas or coal.

"Up until Carter, we were getting about 20 percent of our electricity from oil generation," said Jay Hakes, director of the Energy Information Administration under Carter and an authority on modern presidents and oil. "And post-Carter, it went down to about 3 percent."

Carter insisted that U.S. automakers build more fuel-efficient cars, with a goal of 27.5 miles per gallon over the following decade - a requirement passed under Gerald Ford but put into force by Carter.

He offered incentives for getting oil from shale, creating a boom initially in the Rockies - and a bust when it failed to be cost-effective. He offered deductions for using solar water heaters in homes and commercial buildings.
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And this is what Reagan did and i knew than that it would cost us big down the road.

Reagan and Congress stopped aggressively pushing new auto efficiency standards, acceding to Detroit's desire to leave them at Carter-era levels. They let the solar tax benefit expire, and the nascent solar industry went belly- up.
http://www.energybulletin.net/9657.html

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Saturday Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-07-06 06:51 PM
Response to Original message
1. If you take a few of your.....
@@@@@'s out I will be able to read your thoughts. Can't scroll across on my computer.
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dave502d Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-07-06 07:11 PM
Response to Reply #1
3. Sorry about the @ but the link says it all.
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Grateful for Hope Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-07-06 06:54 PM
Response to Original message
2. Your post is hard to read
but, I think I got the gist. Pretty informative.
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LostInAnomie Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-07-06 07:14 PM
Response to Original message
4. Capitalism...
... with the help of a bunch of oil whore politicians helping along the way.
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