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News
Grassley Comments on Energy Security
Posted 21 August 2008
Although the countdown to the first
day of school may preoccupy the minds of most school-age Iowans, there
are plenty of diversions to help families enjoy the final days of
summer vacation and begin the first days of school.
First, Iowans can take advantage of life’s simpler pleasures. Enjoy a
taste of late summer wholesome goodness offered by locally grown sweet
corn, tomatoes and melons sold at roadside stands and farmers’ markets.
Take pride in the produce grown close to home.
Iowans also took pride in the 11 Olympians with ties to the Hawkeye
state in Beijing at the Olympic Games. The sacrifices and
commitment made by these athletes to compete for their respective
countries and go for the gold are inspiring, and it feels good to get
swept away cheering for the red, white and blue.
If only Olympic-inspired patriotism could sweep away Washington
partisanship, Congress could achieve lofty, yet achievable goals that
would address the nation’s antiquated energy policy.
Every year the United States shells out $1 trillion to pay for energy.
The 1973 oil shock obviously didn’t jolt consumers or policymakers
enough to cure U.S. energy dependence on foreign oil and carbon-based
energy, including gas and coal. As oil prices climbed to historic
levels this summer, U.S. consumers feel pick-pocketed at the pump as
America teeters on the edges of an economic slump.
Clearly additional steps are needed to increase conservation, develop
new energy sources, explore domestic energy, embrace renewable fuels,
develop energy-efficient technologies and invest in America’s energy
independence.
Consider Denmark. Instead of staying victimized by foreign oil imports,
the Danes for the last three decades have pursued an aggressive
clean-energy policy that emphasized conservation and energy efficiency.
The result? Denmark today has a thriving, job-creating wind energy
industry that has helped the Danes obtain 20 percent of their
electricity from wind. Plus, Denmark produces one-third of the world’s
wind turbines and exports a growing percentage of clean-energy
technology.
As a longtime advocate for renewable fuels and homegrown energy, I have
gotten passed legislation to help put the United States on track for
energy independence. For example, as the author of the first
federal tax incentive in 1992 to harvest electricity from wind, I have
worked to extend and make permanent the full tax credit that encourages
U.S. entrepreneurs to innovate new energy technologies and investors to
finance the job-creating infrastructure necessary to produce
electricity from wind, biomass and solar power. Heaven knows Iowa
has an inexhaustible supply of wind and God-given natural resources to
grow food, feed, fiber and fuel. Responsible stewardship of our
Midwestern resources can displace the transfer of our nation’s wealth
to oil cartels from Iran to Venezuela.
Tax packages that I’ve authored in recent years also expanded tax
incentives for ethanol, biodiesel, switchgrass and cellulosic
renewables, and they created tax incentives for greater energy
efficiency in homes and cars. It’s up to Congress to continue and
build on these successful initiatives.
As the bell rings in the new school year for our young scholars in the
classroom, I hope political leaders in Washington and on their way to
Washington work to put America on track to achieve energy security that
puts the public good ahead of partisan gain.
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