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Bob Schaffer on Energy & Oil

Senate challenger 2008; previously Republican Representative (CO-4)


Federal government rakes in funds from high energy prices

UDALL: You cast votes against an energy policy that would have us much closer to energy independence.

SCHAFFER: I cast votes in favor of an energy policy. The dramatic increase in revenue for the federal government right now is partially a function of the dramatic increase in energy prices. The energy industry's marginal profit rate is about 8% right now, so as the price climbs, that 8% then creates an extraordinary amount of profit. That profit is taxed, and the windfall to the federal government as result of high energy prices is what the government is raking in right now and not spending it particularly well.

Q: When you use the phrase "on the backs of the energy companies," you sound like they're poor, beleaguered companies that the government is taking advantage of.

SCHAFFER: Oh, absolutely not. But the federal government is raking in funds as a result of this energy crisis. That's one of the possible motivations why people in Washington, like Mark, have fought to drive energy prices up

Source: 2008 Colorado Senate Debate on Meet the Press Sep 28, 2008

Encourage renewable energy development and alternative fuels

Source: Campaign website, www.bobschafferforsenate.com Aug 16, 2008

Voted NO on raising CAFE standards; incentives for alternative fuels.

Require a combined corporate average fuel efficiency [CAFE] standard for passenger automobiles and light trucks, including sport utility vehicles, of 26 mpg in 2005 and of 27.5 mpg in 2007. It also would offer incentives for alternative fuel vehicles.
Bill HR 4 ; vote number 2001-311 on Aug 1, 2001

Voted NO on prohibiting oil drilling & development in ANWR.

Amendment to maintain the current prohibition on oil drilling in the Arctic National Wildlife Refuge by striking language opening the reserve up to development.
Bill HR 4 ; vote number 2001-317 on Aug 1, 2001

Voted NO on starting implementation of Kyoto Protocol.

Vote on an amendment that would allow the implementation of the portions of the Kyoto climate change treaty that are already allowed under law. The Kyoto protocol of 1997, which aims to reduce emissions of certain greenhouse gases, particularly carbon dioxide, has not been ratified by the United States. The amendment would allow federal agencies, particularly the Environmental Protection Agency [EPA] to implement procedures already allowed under law that are also part of the Kyoto accord before the treaty is ratified by Congress.
Reference: Amendment sponsored by Olver, D-MA; Bill HR 4690 ; vote number 2000-323 on Jun 26, 2000

Other candidates on Energy & Oil: Bob Schaffer on other issues:
CO Gubernatorial:
Bill Ritter
CO Senatorial:
Ken Salazar
Mark Udall
Wayne Allard


2008 Senate retirements:

Wayne Allard(R,CO)
Larry Craig(R,ID)
Pete Domenici(R,NM)
Chuck Hagel(R,NE)
Trent Lott(R,MS)
Craig Thomas(R,WY)
John Warner(R,VA)

Incoming Obama Administration:

Pres.Barack Obama
V.P.Joe Biden
State:Hillary Clinton
HHS:Tom Daschle
Staff:Rahm Emanuel
DHS:Janet Napolitano
DOC:Bill Richardson
DoD:Robert Gates
A.G.:Eric Holder
Treas.:Tim Geithner
Winners of 2008 Senate Races:
( * if new to the Senate)
AK:*Begich over Stevens
AL:Sessions
AR:Pryor
CO:*Udall
DE:Biden and Kaufman
GA:Chambliss v.Martin (Dec. 2 runoff)
IA:Harkin
ID:*Risch
IL:Durbin
KS:Roberts
KY:McConnell
LA:Landrieu
MA:Kerry
ME:Collins
MI:Levin
MN:Coleman v.Franken (recounting as of Dec.1)
MS4:Wicker
MS6:Cochran
MT:Baucus
NC:*Hagan over Dole
NE:*Johanns
NH:*Shaheen over Sununu
NJ:Lautenberg
NM:*Udall
OK:Inhofe
OR:*Merkley over Smith
RI:Reed
SC:Graham
SD:Johnson
TN:Alexander
TX:Cornyn
VA:*Warner
WV:Rockefeller
WY4:Barrasso
WY6:Enzi
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Page last updated: Dec 02, 2008