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Kevin Wade on Energy & Oil

 


Lottery to distribute 600M acres of oil and gas resources

Wade believes the people, not the government, should control the country's oil and gas resources. There are approximately 600 million acres over oil and gas reserves in the United States, with much of it located in the western region of the nation, Wade said. A lottery should be held to determine 60 million individuals to receive 10 acres each of this land, he said.

These new owners of gas and oil rights can then do with them what they see fit, including allowing companies to drill, making a profit for the owners of the land, he said. According to Wade, Abraham Lincoln, among others, had a similar idea in the past. "Take it out of the hands of Washington, into the hands of the people," he said. "It's not radical or new."

Source: Delaware State News on 2014 Delaware Senate race , Aug 12, 2014

More oil drilling on U.S. soil

Wade said regulations on job creators should be cut, and more oil drilling should occur on U.S. soil.
Source: Cape Gazette on 2012 Delaware Senate debate , Oct 19, 2012

Don't raise taxes on gas by 25 cents per gallon

Carper said that in order to keep taxes lower, he has worked to "pull the plug" on outdated tax credits, and that he supports the Investment Tax Credit, which places incentives on companies' investments in technologies that can be sold around the world as commercial products and services.

Wade criticized Carper's proposal to raise taxes on gas by 25 cents per gallon, which he called a result of Carper spending "too many years in Washington and too many years away from Delaware."

Source: Newark Post on 2012 Delaware Senate debate , Oct 19, 2012

Other candidates on Energy & Oil: Kevin Wade on other issues:
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Page last updated: Jan 03, 2015