Shudder, I think I agree with Hillary Clinton
... on at least one subject
I realize that the idea that I'm going to be referring to in a moment is still a bit left of center, but it's one that I find myself somewhat in agreement with.
I don't want to waste the space to clip too much of the article (from the Washington Times), but I'll put up the link here: Hillary urges tax on oil profits, and include a small snippet here:
Sen. Hillary Rodham Clinton yesterday called for a two-year tax on oil company profits to help amass $50 billion for the creation of an energy research fund, saying dependence on foreign oil weakens national security.
"We need to reform our energy taxes so that large oil companies who reap huge benefits from unexpectedly high energy prices over the next two years will be required to pay a portion of their profits into the strategic energy fund," the New York Democrat said while outlining her energy plan at the National Press Club.
I typically have a tough time finding agreement with Mrs. Clinton. Her ideas are not what I would typically embrace, and yet in this specific case, I find myself somewhat in agreement with her goals, and even the method she's proposing.
We have to do something to end our dependence on foreign oil. I've gone through most of my lifetime, what used to be considered almost a complete generation, and instead of seeing alternative fuel vehicles become a reality we continue to drive vehicles that consume fossil fuels as quickly, if not more quickly, than we can pull them from the ground. Not just "us" in the U.S.A., but the world in general. China, South America, Central America and more have joined the motorized civilizations and are burning oil and other petroleum based products as quickly as possible.
When I was much younger we fantasized about the future, and speculated by the year 1990 we'd be using different types of transportation, different engines and different fuels. That slid to the year 2000, now we're looking at 2010, perhaps 2020. I'm sorry, but thats too late, we're past too late actually. The time has come and gone, and we have a lot of ground to make up.
If the BP-Amocos, Royal Dutch ..whatever.., Exxon-Mobil and other such companies want to keep making the profits they've been making, they have to get on the ball and find the next fuel already. They have to work with the GM, Fords, Daimlers, etc., and the Archer Daniels Midlands of the world and get something done *now*, not years from now.
How best to accomplish that task? Perhaps Hillary Clinton is right -- follow the money, or at least take the money, and make use of it to make these companies do the research and development we want and need done.
Perhaps we need the left hand and the right hand both to work together and develop a strategy of high taxation offset by huge tax breaks that are granted for proven research and development work. The types of research and development that would lead to real products.
Your thoughts welcome below.