JUNE 4TH, 2008 | Polis for Congress
FOR IMMEDIATE RELEASE: Wednesday, June 4, 2008
CONTACT: Robert Becker, (303) 381-0121
(Boulder, CO) – Jared Polis, Democratic candidate for the U.S. Congress in Colorado’s 2nd District, today outlined tough actions he will take if elected to the U.S. House of Representatives to lower gas prices and move our nation towards energy independence and green energy policies.
“While big oil conglomerates are recording record profits, middle- and low-income families, consumers and businesses are struggling with staggering gas prices at the pump and the ‘oil tax’, which is increasing the price of everything from groceries to airline tickets. The American economy is gravely threatened,” said Jared Polis. “I will stand up to the big oil and gas industry if I get to Congress. I will fight for solutions to bring down soaring gas prices and halt the price gouging. I will push to end the tax subsidies, the giveaways and the rollbacks of royalties that big oil and gas have extracted from taxpayers. Congress has been far too timid. These are solutions we desperately need today if we are to make the investments in a green future in America.”
“There’s a real difference in this campaign. In the State Senate, Joan Fitz-Gerald sponsored legislation that was called the ‘Oil and Gas Dream Bill’ by newspapers. Now she’s complaining about $4 per gallon gas prices, but what did she expect after doing the bidding of the oil and gas lobby? I'll take a different approach and stand up to the special interests,” added Polis. “My career has been based on bringing new solutions to old problems, and I will do that in Congress. Consumers have been held hostage by oil and gas companies for too long.” Jared Polis’ plan:
• Strategic Petroleum Reserve – Jared Polis supports releasing oil from the Strategic Petroleum Reserve to bring market prices down immediately, and raising the possibility of additional future releases to drive speculators out of the market.
• Tough anti-trust laws and enforcement – Congress must act forcefully to end market manipulation and illegal, anti-competitive practices in the oil industry. We need new antitrust legislation and enforcement to do it. There is too much concentration in the oil and gas industry today. I will push the Federal Trade Commission (FTC) to look closely at gas prices, and conduct thorough investigations for illegal market manipulation by the oil and gas giants, and swift, tough enforcement of penalties. More competitive markets will bring lower gas prices.
• Mergers – like that between Exxon and Mobil ten years ago – have created entities that are too big and too powerful, and have directly resulted in higher gas prices at the pump, as was confirmed by a 2004 Government Accountability Office report. These corporate giants produce the crude oil, own the refineries, and sell the gasoline at the pump. As the FTC itself admitted in 2001, when oil companies own the refineries, it makes it simple to manipulate market prices. We need old-fashioned trust busting. We need new a new generation of anti-trust legislation to deal with this new environment, and tough enforcement.
• End tax giveaways to big oil – Jared Polis supports the Renewable Energy and Energy Conservation Act of 2008, HR 5351, legislation to strip $18 billion in oil company tax breaks that were enacted in 2004. He will push for repeal of all existing oil company tax breaks. We should be putting that money into solar, wind, alternative fuels and energy efficiency.
• Regulating energy exchanges – We need tough new regulation, oversight and enforcement of OTC as well as regulated energy exchange markets. Financial speculators are driving up the price of oil. The Commodity Futures Trading Commission (CFTC) must be strengthened and criminal sanctions should be enforced on speculators who violate the law.
• Protect public lands from drilling – Further drilling, exploitation and despoliation of wilderness areas like the Roan Plateau and ANWR proposed by the oil industry is not the answer. Jared Polis strongly opposes the Bureau of Land Management’s current plan to expand gas-drilling leases in the Roan Plateau. Instead, he wants to strengthen environmental protection of our pristine public lands. The oil and gas industry is exploiting the gas price crisis to rush along leases on our federal lands and argue for additional exploitation. Jared Polis believes that these are false solutions and only feed our reliance on fossil fuels.
• Get the special interest money out of politics – The price of gas and the neglect of clean energy policies in Congress is the direct result of too much special interest money in politics. The oil industry pours millions of dollars into political campaigns every year. Too many members of Congress fear them. But Jared Polis is not afraid to stand up to them. That is also why we need, and he will fight for, public financing of campaigns and ‘Clean Money Clean Elections’ legislation in Congress. Jared Polis is the only candidate for the 2nd Congressional District not accepting money from Political Action Committees (PACs).
“For too long, our country’s energy policy has been written by and for the oil and gas industry. That must end. I will work with allies in and out Congress, like Public Citizen, and with citizens across the 2nd District to accomplish these urgent goals,” Polis said.
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CONTACT: Robert Becker, (303) 381-0121
(Boulder, CO) – Jared Polis, Democratic candidate for the U.S. Congress in Colorado’s 2nd District, today outlined tough actions he will take if elected to the U.S. House of Representatives to lower gas prices and move our nation towards energy independence and green energy policies.
“While big oil conglomerates are recording record profits, middle- and low-income families, consumers and businesses are struggling with staggering gas prices at the pump and the ‘oil tax’, which is increasing the price of everything from groceries to airline tickets. The American economy is gravely threatened,” said Jared Polis. “I will stand up to the big oil and gas industry if I get to Congress. I will fight for solutions to bring down soaring gas prices and halt the price gouging. I will push to end the tax subsidies, the giveaways and the rollbacks of royalties that big oil and gas have extracted from taxpayers. Congress has been far too timid. These are solutions we desperately need today if we are to make the investments in a green future in America.”
“There’s a real difference in this campaign. In the State Senate, Joan Fitz-Gerald sponsored legislation that was called the ‘Oil and Gas Dream Bill’ by newspapers. Now she’s complaining about $4 per gallon gas prices, but what did she expect after doing the bidding of the oil and gas lobby? I'll take a different approach and stand up to the special interests,” added Polis. “My career has been based on bringing new solutions to old problems, and I will do that in Congress. Consumers have been held hostage by oil and gas companies for too long.” Jared Polis’ plan:
• Strategic Petroleum Reserve – Jared Polis supports releasing oil from the Strategic Petroleum Reserve to bring market prices down immediately, and raising the possibility of additional future releases to drive speculators out of the market.
• Tough anti-trust laws and enforcement – Congress must act forcefully to end market manipulation and illegal, anti-competitive practices in the oil industry. We need new antitrust legislation and enforcement to do it. There is too much concentration in the oil and gas industry today. I will push the Federal Trade Commission (FTC) to look closely at gas prices, and conduct thorough investigations for illegal market manipulation by the oil and gas giants, and swift, tough enforcement of penalties. More competitive markets will bring lower gas prices.
• Mergers – like that between Exxon and Mobil ten years ago – have created entities that are too big and too powerful, and have directly resulted in higher gas prices at the pump, as was confirmed by a 2004 Government Accountability Office report. These corporate giants produce the crude oil, own the refineries, and sell the gasoline at the pump. As the FTC itself admitted in 2001, when oil companies own the refineries, it makes it simple to manipulate market prices. We need old-fashioned trust busting. We need new a new generation of anti-trust legislation to deal with this new environment, and tough enforcement.
• End tax giveaways to big oil – Jared Polis supports the Renewable Energy and Energy Conservation Act of 2008, HR 5351, legislation to strip $18 billion in oil company tax breaks that were enacted in 2004. He will push for repeal of all existing oil company tax breaks. We should be putting that money into solar, wind, alternative fuels and energy efficiency.
• Regulating energy exchanges – We need tough new regulation, oversight and enforcement of OTC as well as regulated energy exchange markets. Financial speculators are driving up the price of oil. The Commodity Futures Trading Commission (CFTC) must be strengthened and criminal sanctions should be enforced on speculators who violate the law.
• Protect public lands from drilling – Further drilling, exploitation and despoliation of wilderness areas like the Roan Plateau and ANWR proposed by the oil industry is not the answer. Jared Polis strongly opposes the Bureau of Land Management’s current plan to expand gas-drilling leases in the Roan Plateau. Instead, he wants to strengthen environmental protection of our pristine public lands. The oil and gas industry is exploiting the gas price crisis to rush along leases on our federal lands and argue for additional exploitation. Jared Polis believes that these are false solutions and only feed our reliance on fossil fuels.
• Get the special interest money out of politics – The price of gas and the neglect of clean energy policies in Congress is the direct result of too much special interest money in politics. The oil industry pours millions of dollars into political campaigns every year. Too many members of Congress fear them. But Jared Polis is not afraid to stand up to them. That is also why we need, and he will fight for, public financing of campaigns and ‘Clean Money Clean Elections’ legislation in Congress. Jared Polis is the only candidate for the 2nd Congressional District not accepting money from Political Action Committees (PACs).
“For too long, our country’s energy policy has been written by and for the oil and gas industry. That must end. I will work with allies in and out Congress, like Public Citizen, and with citizens across the 2nd District to accomplish these urgent goals,” Polis said.
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