• Jun 25th 2008 at 12:36PM
  • 33

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With fuel prices skyrocketing worldwide, everyone is clamoring for a solution. So, who better to turn to for a conservation plan than a leading Conservative? Newt Gingrich, the former Speaker of the House, presents a three-part plan that entails tapping into the Strategic Oil Reserves, the deregulation of offshore oil drilling, and investment in alternative fuel technologies. According to our old pal Newt, "What you've got to have is a rational plan that says: Here's how you punish the speculators this morning, here's how you produce more energy in the near future, and here's how you have breakouts that are fundamental."

Gingrich might not have the clout in the green community that his rival Al Gore enjoys, but does that mean he doesn't have a point? Follow the jump to watch the video of his speech and leave your thoughts in the comments section below (just keep it civilized).

[Source: American Solutions via The Auto Channel]

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    • 1 Second Ago
      • 7 Years Ago
      Ok, You may think the is an oxymoron, but I'm a conservative environmentalist. I recycle, and I'm chomping at the bit to buy an electric car.

      Newt makes some excellent points. He mentions that there is an electricity surplus at night. What he says to do with it is produce hydrogen using electrolysis. What he leaves out is much simpler, which is charging a "regular" battery electric vehicles at night.

      I also strongly support going after the oil that the US has access to. There's a huge oil field in the western part of North/South Dakota that we could go for, there's plenty in the oceans, there's the field in the Rockies that Newt mentioned. We have plenty of oil right here in the US. Lets get it!

      Lets also get some electric cars to market! Why don't we take the ethanol subsidies away (scary since I live in a farm state - Iowa), and turn those into EV subsidies instead? We could get going on electric if we wanted. Lets do it!

      By the way, the other thing that Iowa produces, besides corn and soy beans, is tons of wind energy. There's a huge wind farm in southern Wright county (Iowa) that is intermixed with the corn/bean farms. We make lots of wind energy here in Iowa
      • 7 Years Ago
      @6. At least a Democratic plan involves the poor at all and taxes the rich at least some. Much better than the alterantive party's approach.

      These ideas sound interesting.
      • 7 Years Ago
      * I think its because he fails to espouse the "let's all just stop using electricity" policy that Al so desperately wants to implement. *

      Oh, the Al Gore that uses 20 times the national average and nearly 100 times what I use? And then we've got Streisand advising housewives to hang their clothes outside to dry. Puhleez...

      • 7 Years Ago
      Newt Gingrich is wrong about drilling.

      The US Government's Energy Information Administration's official report released May of 2008 says:

      "With respect to the world oil price impact, projected ANWR oil production constitutes between 0.4 and 1.2 percent of total world oil consumption in 2030, based on the low and high resource cases, respectively. Consequently, ANWR oil production is not projected to have a large impact on world oil prices. Relative to the AEO2008 reference case, ANWR oil production is projected to have its largest oil price reduction impacts as follows: a reduction in low-sulfur, light (LSL) crude oil prices of $0.41 per barrel (2006 dollars) in 2026 in the low oil resource case, $0.75 per barrel in 2025 in the mean oil resource case, and $1.44 per barrel in 2027 in the high oil resource case. Assuming that world oil markets continue to work as they do today, the Organization of Petroleum Exporting Countries (OPEC) could neutralize any potential price impact of ANWR oil production by reducing its oil exports by an equal amount."

      And the oil companies already have thousands more offshore drilling permits than they are using. So why the call for more? And drilling in ANWR won't see that $0.41/barrel benefit for at least 10 years.

      The solution is NOT drilling for more oil - it's using less oil. And no, I don't mean corn-based ethanol. There are many alternatives out there, but they don't get the funding because of oil industry lobbyists leaning hard on Congress.
      • 7 Years Ago
      MikeW- GW and Ol' Man Cheyney will be gone before you can waste time on throwing 'em out.
      Serge- because that would f' with capitalism. Once you f' up capitalism, the commies take over. I'm paraphrasing, but 1pt goes to the 1st one to tell me where from.
      Rick- how is that a good thing?
      T-Champ and Bob L.- +1. Call me an Ann Arbor conservative or a Euro-Canadian Republican. The best thing we can do is to educate eco-phobics: "driving a Civic does not make you a hippy"

      • 3 Years Ago
      gas comjng from canada is a joke it is 550 agalon now where do you get 250 from that you are ajoke icant wait for800 agalon toget your and sean han.gas burning junk off the road fred
      • 7 Years Ago
      I think gas prices are fine. We've just got accustomed to super low prices for too long. Also, I would think the idea of a reserve would be emergency use only - as in keep the military and basic services running when fuel is not available due to terrorism or natural disaster.
      • 7 Years Ago
      Also, there's a reason Newt doesn't have the clout with the green crowd that Al Gore does. I think its because he fails to espouse the "let's all just stop using electricity" policy that Al so desperately wants to implement.
      • 7 Years Ago

      Newt is part right...

      I'm so sick of these arabs....I hope gas goes to $8 a gallon, maybe then we will do something that is long over due. Oil products in our cars have to go.
      The Middle East....
      They love our money....but hate us as a nation. Live there for a year....you will understand.
      • 7 Years Ago
      Can anyone please identify where Newt was when he made this speech and what was the date? I can't find it anywhere.

      • 7 Years Ago
      No argument here.
      Alleviate the pain now & midterm, while implementing long-term solutions.
      • 7 Years Ago
      "We have plenty of oil right here in the US."

      I haven't seen any source other than pundits and politicians stating this. The EIA, the oil companies, analysts, they all agree that the U.S. does not have any large, efficient fields left to exploit. We do have a multitude of smaller fields that can be tapped, but this is much more expensive and slower harder and just won't effect the market like a single huge find would. We don't even have sufficient equipment available to tap all these smaller sources.

      Remember, the U.S. is the most thoroughly explored territory on earth in terms of oil fields. If there were a huge field existing that could be efficiently tapped, we'd be tapping it right now. The fact that we aren't is pretty much sufficient proof that such a field doesn't exist. And don't mention ANWAR. That just proves the point: a moderate size field at the polar extremity that could be tapped only at huge cost and would cover our energy needs for only a year or two. Tapping it today would hardly dent the market price of oil.
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