Instead, she said, she wants Congress to tackle a compromise comprehensive energy plan that would include alternative energy sources and curtailing tax breaks for oil companies.Pelosi couldn't be more hopelessly wrong or misguided. The government already gets royalties. It's called taxes on all those leases - regardless of whether they are active drill sites or not. Meanwhile, the more offshore drilling, the more royalties are delivered to the government. The government can decide to set aside every penny received to develop alternative energy programs (but it can't because it needs that money to pour into entitlements and other programs), but as I've noted previously, the Europeans have had higher energy taxes for years and are no closer to developing alternative energy than the US. More to the point, the Europeans are looking at a situation where they need to build more coal-fired power plants and keep nuclear power plants in operation despite a pledge to shutter those nuclear power plants.
"You want to drill? We want the royalties for the American people, and we want that to pay for renewable energy resources," the San Francisco Democrat said in an interview for KQED television's weekly news show, "This Week in Northern California." "We want to connect all that together."
Pelosi is hopelessly beholden to the eco-left, which demands nothing less than zero-growth and a declining standard of living in the US.
What exactly is this so-called hoax that Pelosi speaks of. You produce more oil from offshore oil wells, that's more oil that can be used to bring down the price of oil - supply and demand. They did teach that in schools years ago; and economics 101 is a concept that anyone in office should understand. Applying Pelosi's energy policy to other areas of life shows the utter absurdity of refusing to develop energy resources domestically.
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