Hillary's record on oil companies:
"I want to go after the oil companies and the oil speculators and the manipulators of the money, because they're the ones who I think are really behind this," Clinton told an audience in Elmira Heights on Thursday. "You have a hurricane, and all of a sudden you see prices going up like that. That has . . . everything to do with people trying to make money off the backs of this tragedy."
Clinton criticized the new energy bill, which she opposed, as inadequate to solve the country's long-term energy problem. She said the United States has regressed over the past three decades, since the first oil shocks of the early 1970s. "We've had 30 years to do some things we haven't done," she said. "In fact we've gotten, we've gone backwards in many respects.
"I am tired of being at the mercy of people in the Middle East and elsewhere, and I'm tired frankly of being at the mercy of these large oil companies," Clinton said.
http://www.washingtonpost.com/wp-dyn/content/article/2005/09/02/AR2005090202079.htmlThe energy market we have is broken. At the heart of the crude oil market is a cartel run by a handful of countries, and a global supply chain run by a handful of companies. The market is certainly working well for the oil companies. In 2004, the world’s 10 largest oil companies had combined profits of $100 billion. In 2005, those profits are headed even higher.
I believe that we need to assess the oil companies an alternative energy development fee to be put into the new Strategic Energy Fund. We should design the fee so it is taken solely out of unanticipated profits from the sky high oil prices and ensure that it is not passed on to consumers. It could generate as much as $20 billion a year to help retool our economy and deploy new energy strategies.
We used to make polluters pay for their clean-up through Superfund.
And now we need for the oil companies to share the burden of lifting America up and out of the looming energy crisis.
http://www.clinton.senate.gov/news/statements/details.cfm?id=247652&&Our present system of energy is weakening our national security, hurting our pocketbooks, violating our common values, and threatening our children's future. Right now, instead of national security dictating our energy policy, our failed energy policy dictates our national security. We would never leave 10 percent of our military or intelligence assets vulnerable to an easy attack, but that's what we've allowed to happen with oil.
So I support comprehensive legislation that would overhaul our energy taxes; signal the market we're in this for the long run by extending for 10 years the production tax credit; spur demand by doubling consumer tax breaks for hybrids, clean diesel and other advanced vehicles; and create a new tax incentive for fleet owners to purchase more efficient vehicles; speed the development of cellulosic ethanol by providing loan guarantees for the first billion gallons of commercial production capacity; ramp up the availability of ethanol by providing gas station owners with a 50 percent tax credit for the cost of installing ethanol pumps; and then extend and increase tax incentives for homeowners and businesses who will make their homes and businesses more energy-efficient. There's a lot of good information out there about how to do it, but unfortunately not much incentive to do it.
The strategic energy fund would allow government and business to work together to help solve some of the toughest scientific challenges that we have to deal with when it comes to energy and climate. You know, we have the National Institutes of Health that promotes partnerships for innovation. We ought to have something like a National Institute of Energy.
That's why last September I proposed a research agency modeled on DARPA, the Defense Advanced Research Projects Agency, and I was delighted that later that fall a National Academy of Science report endorsed the concept.
(read this whole speech)
http://www.rawstory.com/news/2006/Hailing_Gore_committed_visionary_Clinton_unveils_0523.html