Bob Corker on Energy & Oil

Strongly support biofuel; campaign chair is biodiesel seller

FORD: We need energy independence. We can't win a war on terror if you pay for both sides of the war at the same time. That's what we're doing. We have the capacity & ingenuity to grow our way out of these challenges. I have a lot of confidence in farmers to grow our way out of it, & in laboratories to use nuclear energy & coal in new ways. Our oil dependence is environmentally hazardous; it's a drag on the economy; and it keeps young men facing the prospect of going overseas to defend an untenable appetite for oil. I know we can break our habit and find new ways to fuel our cars & power our homes. My campaign chairman is a farmer. His campaign chairman runs a big ol' oil company.

Q: Do you support drilling in Alaska?

FORD: I do.

CORKER: I strongly support biofuel. My campaign chairman runs a retail operation, the largest seller of ethanol and biodiesel in Tennessee.

FORD: If my campaign chairman were in big oil, I'd be trying to explain it away too.

Promote fuel cells & alternatives to reduce oil dependence

In order to keep our Tennessee economy growing, we need to:
• Decrease our dependence on foreign oil.
• Make health care more affordable, accessible, and portable.

Action Plan for the Future: As our next United States Senator, Bob Corker will work to:
• Promote fuel cells, alternative fuels such as ethanol and bio diesel, and clean coal.
• Promote the individual deductibility of health costs.
• Promote Health Savings Accounts.

Voted YES on removing oil & gas exploration subsidies.

• Title I: Ending Subsidies for Big Oil Act--denying a deduction for income attributable to domestic production of oil, natural gas, or their related primary products.
• Title II: Royalty Relief for American Consumers Act--to incorporate specified price thresholds for royalties on oil & gas leases in the Gulf of Mexico.
• Title III: Strategic Energy Efficiency And Renewables Reserve--makes the Reserve available to accelerate the use of clean domestic renewable energy resources and alternative fuels.

Proponents support voting YES because:

This legislation seeks to end the unwarranted tax breaks & subsidies which have been lavished on Big Oil over the last several years, at a time of record prices at the gas pump and record oil industry profits. Big Oil is hitting the American taxpayer not once, not twice, but three times. They are hitting them at the pump, they are hitting them through the Tax Code, and they are hitting them with royalty holidays put into oil in 1995 and again in 2005.

It is time to vote for the integrity of America's resources, to vote for the end of corporate welfare, to vote for a new era in the management of our public energy resources.

Opponents support voting NO because:

I am wearing this red shirt today, because this shirt is the color of the bill that we are debating, communist red. It is a taking. It will go to court, and it should be decided in court.

This bill will increase the competitive edge of foreign oil imported to this country. If the problem is foreign oil, why increase taxes and make it harder to produce American oil and gas? That makes no sense. We should insert taxes on all foreign oil imported. That would raise your money for renewable resources. But what we are doing here today is taxing our domestic oil. We are raising dollars supposedly for renewable resources, yet we are still burning fossil fuels.
Status: Bill passed Bill passed, 65-27

Voted YES on making oil-producing and exporting cartels illegal.

1. to limit the production or distribution of oil & natural gas;
2. to set or maintain the price of oil & natural gas; or
3. to otherwise take any action in restraint of trade for oil & natural gas;
4. when such collective action has a direct, substantial, and reasonably foreseeable effect on the market, supply, price, or distribution of oil & natural gas in the US.

Proponents recommend voting YES because:

Our NOPEC bill will authorize filing suit against nations that participate in a conspiracy to limit the supply, or fix the price, of oil. In addition, it will specify that the doctrines of sovereign immunity do not exempt nations that participate in oil cartels from basic antitrust law.

Opponents recommend voting NO because:

No one likes OPEC. But this amendment, in my opinion, would make bad law. The Framers of the Constitution wisely assigned responsibility for formulating foreign policy and conducting foreign relations to the President and to the Congress, not to the law courts.

The amendment before us has its roots in a lawsuit filed by the labor union nearly 30 years ago. The union at that time charged OPEC with price fixing in violation of our antitrust laws. The trial court dismissed the case on the ground that OPEC members are sovereign nations and are immune from suit. Adopting the amendment will undoubtedly be very popular, but it is also very unwise.

In addition, we here in the Senate ought to consider how enactment of this amendment might affect our relations with OPEC members. What will be the international repercussions when the US starts awarding judgments against foreign nations and attaching their assets in this country? Will other nations start to view our trade policies--such as our nuclear trade restrictions--as violations of their antitrust laws?

Voted NO on factoring global warming into federal project planning.

Proponents recommend voting YES because:

It just seems logical that we ask the Corps of Engineers to include in their analyses, judgments about the potential impact of global climate change. All this amendment seeks to do, as a matter of common sense, is to ask the Army Corps of Engineers to factor climate change into their future plans. Secondly, we are making a statement here to finally recognize the reality of what is happening with respect to climate change.

Opponents recommend voting NO because:

The same people today who are saying we are all going to die from global warming, just back in the middle 1970s were saying another ice age is coming and we are all going to die. Which way do you want it?

If a surge of anthropogenic gases--this CO2, methane, or whatever it is--were causing a warming period, then around 1945 we would have a warming period because in the middle 1940s we had the greatest increase in greenhouse gases. But what happened? It did not precipitate a warming period.

Peer reviewed evidence shows that the sun has actually been driving the temperature change. You don't have to be a scientist to know that the Sun can have something to do with climate change.

Implementing Kyoto would reduce the average annual household income nearly $2,700, at a time when the cost of all goods would rise sharply.