2501, 2015

Smoke and Mirrors: Haley Gas Tax

By |January 25th, 2015|Energy, Taxes|2 Comments

I’ve been hearing a lot over the past few days about Governor Haley’s “plan” to fix our roads but the “plan” that was sent out via email seems to be more of an “idea” or “summary” rather than an actual plan. Maybe there’s more somewhere, but based on what little information is provided in this email, she wants all of us to call our legislators and insist the pass a gas tax immediately. Forgive me for my confusion, but didn’t we see the Upstate of South Carolina littered with these signs less than 90 days ago?

Here is the meat of the email Haley sent out:
We proposed three things that, if we do them all at once, will be a win-win-win for South Carolina.

1) Cut our state income tax rate from 7% to 5% over the next decade. That’s a nearly 30% reduction in state income taxes. It will put more money in the pockets of every South Carolinian, letting them keep more of what they earn and put our rate back below those of North Carolina and Georgia.

2) Change the way we spend our infrastructure dollars and get rid of the legislatively elected transportation commission so the condition of South Carolina’s roads is no longer driven by short-sighted regionalism and political horse trading, and we stop wasting our tax money.

3) Increase the gas tax by ten cents over the next three years and dedicate that money entirely toward improving our roads. That will keep our gas tax below both Georgia and North Carolina, and we can do it without harming our economy, because when coupled with the 30% income tax cut, it still represents one of the largest tax cuts in South Carolina […]

707, 2014

LinkedIn Must Read on Price of Gas

By |July 7th, 2014|Energy, Financial, Government Regulation|Comments Off on LinkedIn Must Read on Price of Gas

I’ve been on LinkedIn for years but have done little with it despite the fact that it remains one of the top sites to network on. Receiving newsletters like the one just before the 4th of July with “must read” articles doesn’t exactly do anything to endear me to them. This was their top “must read” article for me: With So Much U.S. Oil, Why Is Gas $3.70?

Silly me, I was expecting a coherent explanation as to why gas was $3.70, but instead it reads more along the lines of propaganda for the government to steer us in the direction of alternatives to oil.

What is particularly interesting with this article is that the author (Jigar Shah) states “…that clean energy access is the number-one thing we can export to lift millions out of poverty.” And again states, “…because a tripling of oil prices since 1999 is the main reason we feel so poor.”

Shah is complaining about the high price of fuel, complaining about poverty and pushing for a plan but his article draws some bizarre comments, such as:
Matt Cheney

CEO at CleanPath Ventures LLC

I think we are missing a point — what is wrong for price of gas to be, say $10, a gallon, or a price point that will trigger an exodus to alternate technologies, or alternative fuels, to the benefit of both the consumer, the environment, and probably even the policy makers who have failed to lead the charge to cause fossil fuel pricing to better compensate for its negative impacts to our our environment. The question is who benefits from a higher pricing at the pump. Europe taxes fossil fuels heavily and we should consider doing the same, if only to prevent enhanced […]

303, 2014

H.R. 3826, the Electricity Security and Affordability Act

By |March 3rd, 2014|Energy|Comments Off on H.R. 3826, the Electricity Security and Affordability Act

Anytime I see “affordability act” the name of a bill I tend to cringe as I expect there to be some sort of subsidies involved, but the approach of this bill is to make electricity more affordable through government deregulation.

Residential rates are going to continue to climb as no more coal plants will be constructed and due to heavy regulations, many of the existing coal plants will be forced offline.

Coal is plentiful, so coal is cheap and we have enough known reserves in our country to last 200 years.

As we all get hit by higher electric bills, the Obama continues with their extreme views against coal.  When in reality we do not have any existing technology that can replace what we are about to lose as our coal plants are forced to shut down. This same approach has been a major factor in the destruction of the European economy.

This bill blocks the EPA on several levels and takes a market-driven, voluntary, best-practiced approach and this bill actually has bipartisan support which is surprising.

Why would democrats be on board? My guess is that constituents care far less about alternative energy than they do about how much the rising cost of energy is affecting their everyday lives.  But not all Democrats are on board; Rep Waxman of California’s 33rd district believes strongly in global warming and is speaking out against this bill. It is my belief that anyone buying into global warming clearly didn’t do well in their basic science classes and somehow can completely ignore the world’s history in regards to the extremes in weather our planet has gone through long before man became industrialized.

NOTE: The government spends $7 Billion per year on electricity for government […]

1302, 2014

Energy Feeds the Free Market

By |February 13th, 2014|Energy|Comments Off on Energy Feeds the Free Market

As winter storms pass through, many of us have been awakened to just how much we take energy for granted in our everyday lives.  It has really become an essential part of survival for our modern day society, not just in heating and cooling our homes, long term storage of our food in freezers, and food prep with ovens or microwaves, but in our economic survival as well.

It is because energy is so vital to our society that we must remove as much government interference as possible and free the private sector of burdensome and costly regulations so they can truly be innovative and serve the consumer in both the supply of energy and supply of jobs.

Abundant energy means affordable energy and this is what will lead us to the strongest possible economy. According to the Congressional Research Service, we have the most fossil fuel resources of any country on Earth, but the majority of these resources are off-limits due to federal regulations. Our policymakers are quite literally allowing our society and our economy to be held hostage with our dependence on foreign resources and this must end immediately.

States with energy resources should work to declare their own energy independence.  We have vast resources off our east coast and states such as Virginia, North Carolina, and South Carolina should be allowed to partner with private companies to develop and process along their coasts.  There is no just cause for the Federal Government to regulate resources which truly belong to states like these.  Americans are simply going to have to start demanding access to our domestic energy resources. Americans are going to have to demand that government regulations which restrict our ability to prosper are removed. […]