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Edwards Offers Heating Oil Plan
ap ^ | 11/24/07 | HOLLY RAMER

Posted on 11/24/2007 6:30:04 PM PST by mdittmar

Democratic presidential hopeful John Edwards will outline a plan Sunday to provide immediate relief to families struggling with high heating oil bills and to ensure affordable prices in the future.

Noting that home heating oil prices in New Hampshire have surpassed $3 a gallon, the former North Carolina senator is calling on Congress to release some of the nation's home heating oil and crude oil reserves as a way to bring down prices by increasing supply. He also is urging Congress to fully fund the federal Low-Income Home Energy Assistance Program, according to a copy of his plan provided to The Associated Press.

Earlier this month, President Bush vetoed a Democratic health and education spending bill that included $2.4 billion for heating subsidies for the poor, $480 million more than Bush requested.

"American families are facing skyrocketing home heating oil and gasoline prices, while big oil companies earn massive profits," Edwards said in remarks prepared for delivery Sunday afternoon in Rochester. "We need to stand up to the oil companies, increase the use of renewable energy and create affordable choices for regular families."

Edwards said he would double the budget of a program that helps people weatherize their homes to $500 million a year. Upgrading home furnaces, ducts, windows and insulation can cut energy bills by about 30 percent, he said, but the program reaches only about 100,000 of the 28 million homes that could be eligible.

He also proposes helping states and nonprofit groups administer low- or no-interest emergency loans to people struggling to pay their heating bills.

His plan for longer-term relief from high home heating prices involves asking the Justice Department to investigate the massive mergers of oil companies in recent decades and modernizing antitrust laws to target oil and gas companies that take unilateral action to withhold supplies in order to raise prices. Under current law, companies can't be charged for those actions unless they are working with other companies, Edwards said.

Edwards also proposes repealing tax breaks for the oil industry and reinvesting the savings in renewable energy projects.


TOPICS: News/Current Events; Politics/Elections
KEYWORDS: breckgirl; energy; herewegoagain; johnedwards; oil; silkpony

1 posted on 11/24/2007 6:30:05 PM PST by mdittmar
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To: mdittmar

Style over substance for the pony that couldn’t even hold onto his senate seat... Any release from strategic reserves will have little impact on the immediate price of heating oil, and will simply make it that much more likely for the dollar to fall further.


2 posted on 11/24/2007 6:32:47 PM PST by kingu (No, I don't use sarcasm tags - it confuses people.)
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To: mdittmar

Hey Government...get the hell out of the way. The market will take care of it. It doesn’t need your interference.


3 posted on 11/24/2007 6:34:13 PM PST by Don Corleone (Leave the gun..take the cannoli)
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To: kingu
Silk Pony Killed the Planet with his Carbon Foolish Largess!


4 posted on 11/24/2007 6:36:31 PM PST by ricks_place
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To: Don Corleone

“The market will take care of it. It doesn’t need your interference.”

From Arizona, eh? I trust the “market” will take care of all of you when you Arizonans are illegals in Greater Mexico.


5 posted on 11/24/2007 6:37:04 PM PST by Kolokotronis (Christ is Risen, and you, o death, are annihilated!)
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To: mdittmar

How about tearing down his mansion and giving away the pieces to the poor for firewood?


6 posted on 11/24/2007 6:38:50 PM PST by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: Kolokotronis

Heating oil would not be so expensive if we did not have to import so much of it. Just wait until the new ‘carbon plans’ come about.


7 posted on 11/24/2007 6:40:44 PM PST by P-40 (Al Qaeda was working in Iraq. They were just undocumented.)
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To: mdittmar

Democrats should have thought about this when they voted down drilling in ANWR.


8 posted on 11/24/2007 6:43:15 PM PST by Retired Chemist
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To: P-40

“Heating oil would not be so expensive if we did not have to import so much of it.”

Maybe, but given that petroleum trades in a global market as things stand right now, I doubt it would make much difference.

“Just wait until the new ‘carbon plans’ come about.”

Billions will be made by the same globalist/one world capitalists who are making billions right now. And we’ll all get screwed.


9 posted on 11/24/2007 6:51:45 PM PST by Kolokotronis (Christ is Risen, and you, o death, are annihilated!)
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To: mdittmar
Didn’t he recently say that his 29,000 sq ft bungalow in NC has an electric bill of under $100 a month?
10 posted on 11/24/2007 6:52:07 PM PST by Gay State Conservative (Wanna see how bad it can get? Elect Hillary and find out.)
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To: mdittmar
More domestic drilling for oil? The Silk Pony says NO!

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

11 posted on 11/24/2007 6:53:15 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: Kolokotronis

If more of our energy sources were obtained right here at home, for both the transportation and the electrical sectors, it would certainly remove a lot of the speculation that drives the markets. I’m afraid it is going to take another ‘embargo’ to wake Americans up to that fact though.


12 posted on 11/24/2007 7:07:48 PM PST by P-40 (Al Qaeda was working in Iraq. They were just undocumented.)
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To: Don Corleone
The market will take care of it. It doesn’t need your interference.

Facts are facts..... Average unleaded prices on Thanksgiving of 2001 (Gw's first Thanksgiving in office) was $1.19/gallon. Today, six years later, the average price of unleaded is $3.15/gallon?

I hardly think that GW's free-market policies, related to oil, have been beneficial to the US masses......

13 posted on 11/24/2007 7:22:27 PM PST by ErieGeno
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To: P-40

“If more of our energy sources were obtained right here at home, for both the transportation and the electrical sectors, it would certainly remove a lot of the speculation that drives the markets”

Why do you believe this? The market for petroleum is international and not even remotely regulated. The price will be whatever an unregulated, supra-national market says it will be. Whether it comes out of the ground and is refined here or not won’t make any difference there, unless of course we decide that our petroleum is a vital national resource and forbid international trading or selling of it except in regulated markets of some sort.

P-40, do you think that a crowd which has handed our sovereignty over to business interests will for one minute really interfere in unrestrained global speculation in petroleum? Of course they won’t. In fact, they will continue to subsidize it with your money and mine!


14 posted on 11/24/2007 7:25:39 PM PST by Kolokotronis (Christ is Risen, and you, o death, are annihilated!)
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To: mdittmar

he could just ask his buddy chavez.


15 posted on 11/24/2007 7:26:52 PM PST by libbylu (Mitt 2008 and 2012)
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To: ErieGeno
Facts are facts..... Average unleaded prices on Thanksgiving of 2001 (Gw's first Thanksgiving in office) was $1.19/gallon. Today, six years later, the average price of unleaded is $3.15/gallon?

Yes, those are facts. But, you can arbitrarily assign meaning to them.

16 posted on 11/24/2007 7:33:45 PM PST by TankerKC (You don't have to believe everything you think.)
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To: ErieGeno
I hardly think that GW's free-market policies, related to oil, have been beneficial to the US masses......

A free market is based on a willing buyer purchasing from a willing seller - it is not set up to be beneficial to the masses. Now if you want to argue that the market is being dramatically influenced by 3rd world tyrants, stupid US politicians, OPEC and especially commodity speculators, I might agree with you.

17 posted on 11/24/2007 7:36:52 PM PST by USMA '71
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To: USMA '71
A free market is based on a willing buyer purchasing from a willing seller - it is not set up to be beneficial to the masses.

Right now we have diesel and heating fuel stored in Houston for sale strictly on speculation. The products are of Russian origin and will be on it's way to China in less than a week. Needless to say, the diesel and heating oil are going for a premium ($2.90/gal).

18 posted on 11/24/2007 7:44:01 PM PST by A_Tradition_Continues (No Longer white...I'm Caucasion-American...Please make note)
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To: mdittmar
Why do we now have to worry about high heating oil prices? With all the climatic warming that is occurring, palm trees should be sprouting in Alaska./s

On the one hand we are supposed to have warm winters. On the other hand, heating oil prices......

19 posted on 11/24/2007 7:45:35 PM PST by Citizen Tom Paine (Swift as the wind; Calmly majestic as a forest; Steady as the mountains.)
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To: Kolokotronis

As one of the heaviest consumers of petroleum products, we drive a lot of speculation in the markets. Any suspected disruption in those markets will cause prices to rise just on the U.S. response alone.

A lot of those same business interests are working to create some degree of energy independence here at home...so I don’t think we have been entirely sold down the river yet.


20 posted on 11/24/2007 7:59:08 PM PST by P-40 (Al Qaeda was working in Iraq. They were just undocumented.)
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To: mdittmar

Just wait until Spitzer’s new carbon credit requirements for NY utilities hit the market and increase the cost of electricity in NY. Heating oil will seem cheap.


21 posted on 11/24/2007 7:59:45 PM PST by Gritty (Islam is not only a religion, but a civil code, a law code, a code for a civilization-Walid Shoebat)
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To: ricks_place
He also is urging Congress to fully fund the federal Low-Income Home Energy Assistance Program,

As usual a Democrat implies that a program is facing cuts because...

Earlier this month, President Bush vetoed a Democratic health and education spending bill that included $2.4 billion for heating subsidies for the poor, $480 million more than Bush requested.

...a Republican does not agree to fund as much as the Democrats say.

Now this one knocks me out:

Upgrading home furnaces, ducts, windows and insulation can cut energy bills by about 30 percent, he said, but the program reaches only about 100,000 of the 28 million homes that could be eligible.

This LUNATIC wants to increase subsidies for homeowners to upgrade their home's energy efficiency from 100,000 recipients to 28 million! Ignoring the obvious that this responsibility should be the homeowners, this goofball wants to increase the program by 28,000%!

Just like so many of this elitist liberal hypocrites, John Edwards needs to start with his own property. Move out of your 28,000 sq/ft home and buffer down to...oh...2,000 sq/ft and we'll at least know you walk some of the walk.

22 posted on 11/24/2007 8:05:51 PM PST by torchthemummy ("A Tagline Presidential Endorsement Forfeits A Presumption Of Objectivity")
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To: mdittmar
He also is urging Congress to fully fund the federal Low-Income Home Energy Assistance Program, according to a copy of his plan provided to The Associated Press.

Great idea Senator! Subsidize the cost of fuel, which removes the natural inclination of people to conserve fuel during periods of high cost which would drive down costs. You've just proposed throwing a wrench into part of the nation's economic engine.

23 posted on 11/24/2007 8:10:24 PM PST by Hazwaste (Now with added lemony freshness!)
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To: ErieGeno
Facts are facts..... Average unleaded prices on Thanksgiving of 2001 (Gw's first Thanksgiving in office) was $1.19/gallon. Today, six years later, the average price of unleaded is $3.15/gallon?

I hardly think that GW's free-market policies, related to oil, have been beneficial to the US masses......

Wow talk about a lack of understanding of the marketplace coupled with ignoring the constant barrage by Democrats/Enviromentalists on the market, the supply, new sources etc. Do you want price controls? Because when you say to the buying market, "Hey, the gas prices are too high" the inevitable reponse by the Dems is, "Tell you what, we'll limit the price to be charged so that you don't have to pay as much, then you can drive even more than you usually would which will mean more price controls which means you will drive even more than you should so we'll...."

24 posted on 11/24/2007 8:15:14 PM PST by torchthemummy ("A Tagline Presidential Endorsement Forfeits A Presumption Of Objectivity")
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To: A_Tradition_Continues
Right now we have diesel and heating fuel stored in Houston for sale strictly on speculation. The products are of Russian origin and will be on it's way to China in less than a week.

Can you support that claim with some links?

25 posted on 11/24/2007 8:23:36 PM PST by thackney (life is fragile, handle with prayer)
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To: torchthemummy

“This LUNATIC wants to increase subsidies for homeowners to upgrade their home’s energy efficiency from 100,000 recipients to 28 million! Ignoring the obvious that this responsibility should be the homeowners, this goofball wants to increase the program by 28,000%!”

Just as a matter of curiosity, how much do the lunatics in DC subsidize the oil industry?


26 posted on 11/24/2007 8:45:52 PM PST by Kolokotronis (Christ is Risen, and you, o death, are annihilated!)
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To: Hazwaste

Subsidize their fuel but then slap them with a carbon tax!


27 posted on 11/24/2007 8:55:16 PM PST by P-40 (Al Qaeda was working in Iraq. They were just undocumented.)
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To: mdittmar

Wonder how many families could have homes heated with the amount of energy used to heat John and Al’s homes?


28 posted on 11/24/2007 8:58:33 PM PST by TruthWillWin
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To: kingu

Style over substance, indeed, kingu, and a study in contrast, too.

Edwards wants to take your tax money and use it to buy oil-heated votes, Thompson wants to let you take back and control a bit of your own Social Security tax money. (http://www.ibdeditorials.com/IBDArticles.aspx?id=279848910800564)


29 posted on 11/24/2007 9:03:15 PM PST by flowerplough (America, "the most benign hegemon in history." Mark Steyn)
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To: mdittmar

” In addition to chasing ambulances, I have added home heating oil delivery trucks to my portfolio”


30 posted on 11/24/2007 10:23:15 PM PST by festusbanjo (I don't hate the rich, I plan on joining them someday!)
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To: mdittmar
Correction :

Edwards Offers a Heating Oil Bed Pan.




31 posted on 11/24/2007 11:13:36 PM PST by Prophet in the wilderness (PSALM .53 : 1 The FOOL hath said in his heart, there is no GOD.)
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To: mdittmar

We need to stand up to the oil companys, increase the use of renewable energy and create affordable choices for regular families

here’s an ‘AFFORDABLE CHOICE for REGULAR FAMILIES...’

drill drill drill....drill everywhere, build a boat load of refineries at the same time....at one and the same time turn out nuke stations by the carload like FRANCE....jees we’re not even ‘as with it’ as the FRENCH for god’s sake?

you want to spend fed bucks ....turn loose matching fed funds to build those refineries and nuke plants....see then we’d have cheaper energy and we wouldn’t have to pay so much for it...

get to work...on this mr. presidential candidate.


32 posted on 11/25/2007 3:33:06 AM PST by flat
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To: ErieGeno
I hardly think that GW's free-market policies, related to oil, have been beneficial to the US masses......

But...But, Didn't I see Pelosi on TV promising to bring down the price of oil?

33 posted on 11/25/2007 5:14:42 AM PST by dearolddad (Opinions are like rectums: everybody has one.)
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To: flat
drill, drill, drill

The same folks crying about the cost of heating oil vote for politicians that won't let us drill.

When the oil guy came by to try to talk me into buying a furnace a few years back I laughed at him--oil? You are kidding--right?

I live out in the country and burn wood--until these same slimeball politicians get around to banning it so we have to buy more foreign oil.

:-(
34 posted on 11/25/2007 5:20:59 AM PST by cgbg (The fight has just begun against the bully (nanny) state.)
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To: ErieGeno
I hardly think that GW's free-market policies, related to oil, have been beneficial to the US masses......

The alternative would be worse. The un-free market works very poorly.

35 posted on 11/25/2007 7:00:09 AM PST by BfloGuy (It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect . . .)
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To: mdittmar

Gee, why not allow drilling in ANWAR ...both the price of heating oil and gasoline would drop.


36 posted on 11/25/2007 8:12:13 AM PST by The Great RJ ("Mir we bleiwen wat mir sin" or "We want to remain what we are." ..Luxembourg motto)
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To: cgbg
The same folks crying about the cost of heating oil vote for politicians that won't let us drill
37 posted on 11/25/2007 11:06:10 AM PST by flat
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