Over a dozen House Democrats from the Quality Care Coalition announced Thursday that they will be pursuing a solution to what has been described as regional inequality in Medicare compensation.
“We are re-inventing Medicare,” say Rep. Jay Inslee (D-Wa.). “We are changing the way we reimburse doctors and hospitals to give them an incentive to provide quality care and not just quantity care.” (0:26)
Coffee Brown, University of New Mexico, Talk Radio News
At the Washington Post Company Conference on “Planning for a Secure Energy Future,” Rep. John Dingell (D-Mich.) said, “We are the Saudi Arabia of coal.” It’s harmful, he acknowledged, but we have it in abundance and we’re dependent on it. If we don’t use coal, China and India will. We should have committed to alternative energy 30 years ago, “but American attention to these matters goes on and off like the light when you throw the switch,” he said.
Clean coal is a relative term. We can substantially reduce emissions, but how and at what cost will involve serious debate, he said.
“The Europeans have had at least two fine messes” applying cap-and-trade, Dingell said, adding that there are many options, all having flaws, and Congress will have a huge fight over them.
Jay Inslee (D-Wash.) said coal is a great energy source, “but it has one bad feature: if we burn the coal reserves that we know exist in this country and in China, the planet will cook.” He said the coal industry needs cap-and-trade, because if it does not become clean, it becomes unsustainable. Cap-and-trade revenue could fund the necessary research. “The future of this industry depends on the existence of that research,” he said. “These are job-creating opportunities.”
We have overestimated the cost and difficulty of such projects, according to Inslee. We had to commit to the Apollo project, and then we succeeded. “We are on the cusp of enormous technological transformation, but it cannot happen at the pace it has to happen unless we have (the pressure that cap-an-trade would exert),” he said. “As long as we can burn coal that is not sequestered, it strangles in the bed all of these new companies that are champing at the bit to start getting going.” “This pace of global warming is not Al Gore’s schedule,” he said, adding that it is a fact of nature and it is happening much faster than had been predicted even one year ago.
Rep. Fred Upton (R-Mich.) said, “By the year 2020, our country is expected to need 40 percent more electricity generation than we’re using today. Coal has to be part of that picture.” It’s about 53 percent of total national energy generation.
We are not building new coal plants, and China is building many, he said, “and they’re not using carbon capture.”
Pointing out that efficient carbon capture is 10-15 years away, but cap-and-trade starts immediately and benchmarks begin in 2012, Upton says that the technology should precede the regulations.
Rep. Greg Walden (R-Ore.) agrees: “This is like (anesthetizing) the patient while the researchers are still trying to figure out how to operate.” He characterized cap-and-trade as a redistribution of wealth from businesses to individuals. “Far from being a job creator, I think this could be a huge job killer.”
He said that when cap-and-trade decreased sulfur dioxide emissions, circumstances were different.
All of the participants at the conference agreed on the reality and the danger of climate change, but debated whether various alternative energies are practical, and whether cap-and-trade should drive the reduction of carbon emissions or await more cost-effective technology.
Congressman Jay Inslee (D-Wash.) expresses his excitement at the prospect of freedom from oil and the choice of fuel at the 11th Annual Congressional Renewable Energy and Energy Efficiency Expo and Forum. He says the transition to renewables will be “freedom from slavery.”
At the 11th Annual Congressional Renewable Energy and Energy Efficiency Expo and Forum, several representatives delivered remarks on the potential of private sector businesses in the support of renewable energy. Private companies lobbying for federal assistance presented such products as private home and community wind generators. (more…)
The role of market speculation and its effect on the dramatic increases in the price of oil was discussed by the House Energy and Commerce Committee’s Oversight and and Investigations Subcommittee. Rep. Michael Burgess (R-Texas) stated that the American economy will not be sustainable if high prices at the pump continue to climb.
Rep. Jay Inslee (D-Wash.) said a solution to inappropriate speculation would help to lower prices in the short term, contrasting this idea with calls to increase supply by drilling in the ANWR. Inslee said that these measures would affect future generations but have no immediate result now. Rep. Bart Stupak (D-Mich.) stated that speculation of future demand for oil has played a large role in oil’s price increase and that one can solve the issue of high prices by traveling to New York or Chicago.
Rep. Joe Barton (R-Texas) said the cost of oil can be attributed to low supply, not market speculation. Barton suggested opening the Strategic Petroleum Reserve and selling two million barrels each day. Barton said this would return oil prices to under $100 per barrel. He noted that the Bush administration opposes this strategy and that its success would rely on an act of Congress. Rep. Greg Walden (R-Ore.) said supply and demand principles, as well as deflation and market forces cannot be ignored.
Michael Masters of Masters Capital Management said that investment firms are good at making profits but ignore the long-term consequences of their decisions, naming the subprime mortgage crisis as an example. Inslee recalled being told by Vice President Dick Cheney that he did not understand economics when he presented Cheney with information concerning Enron, comparing that experience with what he views as the Bush administration’s refusal to acknowledge the effect of futures markets on oil.
Consumers are being tipped upside down by the big oil companies, with money being shaken out of their pockets at the pump. This statement made by Chairman Edward Markey (D-MA), was widely echoed by all members of Congress present at the House Select Committee on Energy Independence and Global Warming. President Bush, he said, refuses to use our oil reserves, and not only is that something that can be done, it is something that should be done. Congressman James Sensenbrenner (R-WI) echoed that by adding that they need to put aside bipartisanship and releasing the reserves was essentially paying attention to Economics 101.
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