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Grossman also praised Obama’s work on the proposed Iran Sanctions Enabling Act, a bill that would allow for the divestment of state and local governments in Iran’s oil and gas industry...

Author: By Hyung W. Kim, CRIMSON STAFF WRITER | Title: Campaign Advisers Stress Israel's Security | 10/31/2008 | See Source »

...also offered a comprehensive plan to secure American energy independence, which is of particular importance given that at current rates of consumption, the U.S. will become dependent on foreign suppliers —many of whom are hostile and volatile regimes—for 75 percent of its oil needs. Obama’s policy proposals correctly target the transportation sector, which accounts for 70 percent of American oil consumption. By mandating a flex-fuel standard for all automobiles, expanding hybrid-car tax credit, and significantly increasing the Corporate Average Fuel Economy (CAFE) standards, Obama’s plan...

Author: By The Crimson Staff | Title: Obama for President | 10/31/2008 | See Source »

...Faced with America’s collapsing economy, our unsustainable addiction to foreign oil, our inefficient and inequitable health care system, our forgotten war in Afghanistan and our mistaken war in Iraq, and our declining moral standing in the international community, we cannot afford to throw our hands up and offer the excuse that government cannot solve the problems it helped create...

Author: By Eva Z. Lam, Elise X. Liu, and William Weingarten | Title: Restoring the Promise of Good Government | 10/31/2008 | See Source »

...recent role as a venue for bottomless cider evidences a college constituency obsessed with the environment. Despite the ephemeral fanfare surrounding sustainability at Harvard, the United States will be dependent on carbon-based energy for the foreseeable future. Astronomic gas prices burden the economy, and hostile foreign governments supplying oil hold America hostage. McCain’s agenda would increase domestic drilling capacity, which would increase the oil supply, lowering gas prices and reducing American dependency...

Author: By Andrew J. Crutchfield, Peyton R. Miller, and Rachel L. Wagley | Title: Underdog to the Rescue | 10/31/2008 | See Source »

...Obama seeks not only to maintain restrictions on the domestic oil supply but also to impose a windfall profits tax on oil companies in order to provide a $1,000 rebate to families for purchasing gasoline. Under this corporate tax, the cost of production for domestic oil companies would increase. Companies would then decrease production, reducing supply, and increasing prices to consumers to an extent that offsets the rebate. Corporate oil taxes have been implemented–and have failed–before. Under the Carter administration, this type of tax proved to be inefficient, meaning that families might...

Author: By Andrew J. Crutchfield, Peyton R. Miller, and Rachel L. Wagley | Title: Underdog to the Rescue | 10/31/2008 | See Source »

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