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To: John Carragher who wrote (182517)	11/4/2005 1:29:11 AM
From: Amy J	Read Replies (2) \| Respond to of 186894

John, RE: "if only we started drilling ...and perhaps our congress could have come to some type of sanity and addressed an energy bill seriously." The USA is 75% more efficient in its use of gasoline since the 70s energy crisis (per an article posted). Yet, that efficiency was created by the influence of high gas prices, rather than by Congress enacting a proper energy bill. The problem with capitalism is it uses destructive forces (such as high gas prices) to create change, rather than proactive intelligent forces to initiate prevention. Congressional leaders have always been afraid of being "the bad guy" by taxing gas mfgs, because it's a big no-no to mess up the Commerce statistics (the assumption being this tax would get passed to consumers). However, the $98B in excessive profits is in effect, acts like a tax on consumers, and because the constituents are upset this most certainly gives Congressional leaders the chance to be "heroes" by taxing the gas mfgs. With the wind to their backs, this is the first time Congressional leaders have public support for going after the gas mfgs - there isn't a soul out there that would cry their hearts over a portion of $98B being rerouted to alternative energy solutions. If the Internet boom was created on $150B in venture capital, am confident energy companies should be able to create effective alternative energy solutions with a new injection of $100B from the gas mfgs. Policy people are chomping on the bit on this one and this time the public is fully behind them. If I were an oil supplier, I would be jacking up my supply to avoid the rath of the American public - there is clearly nothing better a politician loves to be than an American hero that reroutes a portion of the $98B from the gas mfg to alternative energy investments & poor constituents. Regards, Amy J