Thursday, June 14, 2007

On Energy

I've noted recently that Congressional energy policy is aimless. It reflects a laundry list of short term policy responses, rather than a coherent strategy to address serious long-term problems. I pointed out that the Chamber of Commerce has launched a new effort to promote a long-term response.

Now the Hill reports that the Chamber of Commerce is not the only group pushing for forward-thinking energy policy:

The other group is the Business Roundtable, a collection of CEOs from large American companies. It released a policy report last week detailing a series of energy-efficiency efforts it supports and highlighting the need to increase domestic energy supplies.

Both the Chamber and the Roundtable have lobbied energy policy debates before. But representatives describe the new efforts as a stepped-up campaign driven by new factors. Those include the growing support for national greenhouse gas limits, which would affect a variety of businesses; rising costs for fuels like natural gas and other energy sources; and nervousness among businesses about the future availability of foreign oil.

It's clear that long-term energy supply is becoming a more and more serious problem. Consider the nations from which we import the vast majority of our oil (Canada, Mexico, Saudi Arabia, Venezuela, Nigeria, and Iraq) and only Canada seems a secure long-term supplier. It's clear that we must tackle these challenges in a bipartisan fashion.

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