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Citizen Voices is a blog about election politics, written by people like you. Six San Diegans give their personal take on the issues, candidates and propositions.
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At several recent town hall meetings, as well as the Urban League's Annual Conferences, both presidential nominees addressed relieving taxpayers' financial woes, taking time to highlight their solutions to the high cost of energy and gasoline. Just in time, coincidentally, those same high gas prices have started nudging downward in San Diego as they have been doing incrementally for several weeks.
So, as battered consumer wallets across the country finally receive respite at the pump (San Diego's highest local average was, according to the Union-Tribune, an unholy $4.63/gallon), which of the two presidential nominees' energy plans are voters more likely to follow -- a candidate whose message embraces funding alternative fuel sources, and expanding nuclear energy and offshore oil drilling to wean the country's dependence on foreign oil, like Senator McCain's plan? Or, will voters respond to a candidate espousing tapping the nation's strategic oil reserves, offshore drilling, wiser consumer use, and imposing "windfall profits taxes" on the big oil producers, as does Senator Obama?
Serving as a backdrop to the ongoing conversation, companies like Exxon Mobile and Shell, last week posted historic, all-time high profit margins. Even for oil companies, this news sent ambivalent waves of pleasure and discord across financial circles, both because of the incongruity of the news in an otherwise weak economy, and because consumer confidence flagged, despite the huge profit margin.
The CEO's of these big oil companies have publicly stated for several years that the process of collecting and refining crude oil into gasoline is so exorbitant, and the supply so limited to hostile regions, that it's tough making an honest living as an oil baron. Add to those troubles, the government's environmental mandate that ethanol, a more expensive product to manufacture, be blended into gasoline, and consumers almost feel guilty for cursing the oil manufacturer pocketing a disproportionately high profit with so much of the government's help.
These CEO's would go on to say, unless companies have easier access to crude oil unattached to foreign purse strings, the market will be set by forces other than the good hearts and business acumen of regular ol' folk, your friends and mine, British Petroleum, Exxon Mobile, Royal Dutch Shell, and Chevron.
Poor Exxon. If only the Alaskan National Wildlife Refuge wasn't surrounded by so much lovely crude oil. But no one really knows how much is there. It will require years of exploration and drilling to discover what lies below the surface. In the end, the speculative nature of accessing more oil can in no way immediately ease pressure at the pump.
So, what is the motivation behind the spunky bipartisan Senate bill to both allow offshore oil drilling and to demand new and old vehicles convert to alternative fuel sources? What I really want to know is, if this is the same old song being sung by CEO's and government energy officials during the wars in Iraq and Afghanistan, why is the issue suddenly becoming a deal-breaker (or deal-maker, for John McCain) in the upcoming presidential race? Are Americans just showing up more peeved than usual after filling up their tanks and driving to the town hall meeting?
Or could it be that constituents are peeved at having less discretionary income in general, and looking for solutions in a variety of ways, including exerting pressure on politicians to make energy more affordable?
A recent Associate Press story may connect a few of the dots: "Rising prices beat down consumer spending in June." If retaining the option to go shopping every weekend to maintain an outsized status quo is the main fuel behind the Zogby poll claiming majority of voters approve offshore oil drilling, and thus John McCain's candidacy, then this is as troubling as Exxon Mobile's CEO parlaying a bonus check into a pity party.
The nation's addiction to foreign oil pales in comparison to the retail-therapy addiction that so often substitutes for creating a sustainable economic future. But nothing tops government subsidization of windfall profits for oil companies at consumers' expense. At the very least, any presidential energy policy should now address the imbalance in power at play in this ongoing chain of supply and demand.

Comments
John McCain, recipient of over one million dollars since his off shore flip-flop by the oil lobby of all people.
Selling out the American people again, the Republicans are lining their own pockets and the pockets of the richest corporations in the world.
michael valentine from spring ValleyAugust 04, 2008 at 5:45 pm
As tragic as people’s spending habits may be, they are just a reflection of human nature.
To bemoan human nature is useless, but I do like your writting style.
A good economic policy takes into account human nature and balances incentives with penalties. Essentailly, you get more of what you reward and less of what you punish. This works because the rationale of human nature is predictable.
Almost every liberal policy in history has failed to meet its goal because it is put into practice without the consideration of human nature, or even worse: it assumes human nature will change, i.e., “each man will appeal to his better nature.” The windfall profit tax is a text book example of this.
And when it does fail, the policy makers will site unforseen circumstances that offset the potential gains of the policy....and this happens every time. This is why both Clinton and Obama marginalize the advice of economists--the predicted result of their policies does not align with their vision. Now that is troubling.
Nick from CarlsbadAugust 15, 2008 at 9:45 am