Events
2010 Education Panel Discussion
How Education / Business Partnerships Improve Georgia Schools
March 19, 2010 - 7:30 AM to 9:45 AM
Sponsored By:
Georgia Pacific
GE Energy
North Highland
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by Walter C. Jones
June 30, 2008
As Georgians plan their long holiday weekend, gas prices are bound to be on their minds whether
they'll be driving or staying home to save money.
Gas is also in the thinking of the five candidates for the Democratic nomination for the U.S.
Senate. Though they have different proposals, all plan to use a mix of tax incentives and subsidies
to nudge the country away from dependence on imported petroleum and toward reliance on renewable
fuels.
Those vying for the nomination July 15 include Dale Cardwell, Vernon Jones, Rand Knight, Josh
Lanier and Jim Martin. The winner will face Republican Sen. Saxby Chambliss and Libertarian Allen
Buckley in November.
Gas tax holiday
The Democrats uniformly oppose lifting the federal tax on gasoline for the summer, as
suggested by Sen. John McCain, the presumptive GOP presidential nominee.
"It's a fraud and part of the old Washington con game of 'free money' in an election year."
Lanier said.
However, Lanier would lower the tax rate on profits made through selling stock in
alterative-energy start-ups.
Domestic drilling
All the Democrats oppose drilling in the Artic National Wildlife Refuge in Alaska.
Knight notes that it would take years to see production from any new wells and that the
projected output would amount to only 4 percent of U.S. demand.
Cardwell, Knight and Martin categorically reject drilling along the U.S. coast.
However, Lanier and Jones don't oppose additional drilling in all circumstances. Lanier said
he would approve it on the coast if "it supports our national interest, energy security and in
consultation with states."
Jones notes that more than 60 million acres are already federally approved for drilling but
have had no activity.
"Although environmentally safe drilling is an option, I strongly disagree with (President)
Bush, McCain, and Chambliss to end the 27-year moratorium on off-shore drilling," Jones said.
Subsidies for renewable fuels
Martin, Knight and Cardwell all mentioned ending subsidies and tax breaks available to oil
companies and shifting the money in some form to spur research into renewable fuels like wind,
solar and ethanol made from Georgia pines.
Knight offers what he calls his Green Deal plan that includes a $50 billion fund to subsidize
research that would be funded by oil companies.
"Oil companies will be given a choice: they can either invest in tangible, renewable-energy
research and implementation themselves, or they can pay into the fund." he says.
On the other hand, Martin would target those who use energy.
"We should offer tax credits to consumers and businesses that buy more fuel-efficient or
hybrid vehicles," he said.
Jones said it was premature for him to discuss specific tax incentives while the federal
budget remains in crisis.
Conservation
Martin and Lanier would have the federal government raise the average mileage
requirements for car makers.
Martin would also offer tax incentives to business and consumers who install and use more
efficient technologies.
Lanier lower the price of fuel-efficient cars funded by a penalty for inefficiency.
"The incentive would be paid for by penalty fees on purchases of gas guzzlers," he said.
"There would be no policy cost to the average Georgian."
He also favors reducing the speed limits to save gas, as was done during the gas crisis of
the 1970s, though he admits to driving his own SUV fast.
Financial conditions
Only Cardwell mentioned the idea of setting up price supports for domestic oil.
"I would consider placing a 'floor' on gas prices to ensure that we do not lose our resolve
to eliminate our dependence on foreign oil," he said.
Cardwell and Jones each recommended Congress take steps to discourage speculators from
manipulating the price of oil future contracts for their own gain.




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