Gas at $6 per gallon? Get ready.
By Jim Wooten | Thursday, June 21, 2007, 08:15 AM
The Atlanta Journal-Constitution
Get ready for Congress to solve the energy problem just as it has previously solved the illegal immigration problem. A bill being debated in the Senate this week is described by some of its supporters as “far from perfect” but “a good start.”
A good start, yes, to higher gas and food prices, to new taxes and to forcing consumers to pay for high-cost “renewable” energy sources — solar and wind, for example — that are to energy independence what bicycle trails are to traffic-congestion relief.
The Senate bill, grandiosely and falsely dubbed the Renewable Fuels, Consumer Protection and Energy Efficiency Act of 2007, should come with a section prohibiting price gouging — by Congress. The legislation “could result in significantly higher prices for gasoline consumers,” according to Heritage Foundation researchers. “A review of S. 1419, including the just-completed section on tax changes, reveals that the bill could increase the price of regular unleaded gasoline from $3.14 per gallon (the early May national average) to $6.40 in 2016 — a 104 percent increase,” write Heritage Foundation researchers William W. Beach and Shanea Watkins.
http://www.ajc.com/opinion/content/shared-blogs/ajc/thinkingright/entries/2007/06/21/gas_at_6_per_gallon_get_ready.html
