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The Senate-passed Energy Policy Act of 2002 would not enhancesupplies of energy. What it would do, however, is harm the U.S.economy and raise the cost of energy for consumers. It isbetter to have no energy bill than to be burdened with one thatsuppresses vital energy supplies.
In the aftermath of the worst power outage in the nation's history,Congress is rushing to get a comprehensive energy bill to thePresident for his signature. But the recent blackout does notnegate the need for a responsible plan that enhances domesticenergy resources, corrects the imbalance between supply and demand,and ensures that families and businesses have abundant, affordable,and reliable energy for the future.
The Kyoto Protocol is fundamentally flawed and unfair, and it wouldseriously harm the U.S. economy. Even if it comes fully into force,it will not achieve its goal of reducing greenhouse gases globally.
Congress must bear in mind the uncertainty of long-term dependenceon oil imports from volatile regions such as the Middle East as itweighs the costs and benefits of developing additional oil suppliesinside the boundaries of the United States.