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Posted: 6:22 PM Jul 24, 2008
Capito Statement on Need for Energy Plan
WASHINGTON Rep. Shelley Moore Capito (R-WV) continued her call Thursday for a comprehensive energy plan as the House of Representatives considered legislation to swap oil from the National Strategic Petroleum Reserve.
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Rep. Shelley Moore Capito (R-WV) continued her call Thursday for a comprehensive energy plan as the House of Representatives considered legislation to swap oil from the National Strategic Petroleum Reserve in an attempt to provide short-term relief at the pump.
She says, “Thankfully today’s bill only proposed a swap of oil in our reserves, rather than simply making an irresponsible withdrawal that would have jeopardized our national security. While I would have welcomed any temporary relief that could have resulted from today’s legislation, we must remember that swapping oil from our reserves does not constitute a broad-based set of energy solutions.
“I firmly believe we can have a bipartisan consensus for expanding our nation’s supply of domestic energy, promoting conservation and investing in renewable technology, but such a comprehensive proposal has yet to be considered by this Congress."
The Consumer Energy Supply Act would have swapped 70 million barrels of light crude from the Strategic Petroleum Reserve, and replaced it with 70 million barrels of heavy crude. Some estimates suggest that doing so could lead to a short-term decrease in the price of energy, though its impact would be limited over the long-term. Capito supported Thursday’s measure, but it failed to achieve the two-thirds vote required for passage.
Capito has been a regular advocate for a comprehensive approach to the current energy challenges. She has introduced legislation to expand investment in coal-to-liquid technology that would mandate the production of six billion gallons of coal-to-liquid fuel by the year 2022. She is also part of a bipartisan working group on energy that is seeking bipartisan consensus in the House of Representatives.
“West Virginians are looking to Congress for some bipartisan leadership on this issue,” says Capito. “Whether it’s Republican solutions or Democratic solutions, most West Virginians simply want to see real action.”
Latest Comments
There's no oil shortage. Where are the long lines at the pumps and lowered highway speed limits? Shelley Capito's taken $257,995 in campaign contributions from the oil & gas industry while John McCain's received more than $549,712 from them as well. Former oil men Bush and Cheney likely feel that all those "contributions" were well invested, considering the over-inflated price we're now paying at the pump. On July 17, 2008, Shelley Capito voted against Nick Rahall's Drill Responsibly in Leased Lands Act of 2008. Capito's taken $257,995 in campaign money from the oil & gas industry while John McCain's received more than $549,712 from the same. Rep. Capito is a member of the House Banking and Securities oversight committee, but she's not said a word about Exxon's pumping $8 BILLION of their last quarter's record profits back into oil stocks to keep gas prices up. Why drill as long as Capito lets them just rake in stock profits? Anne Barth is against excessive oil market speculation.
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