History teaches us that Benjamin Franklin, as American delegate in Paris, wrote a whimsical piece, An Economical Project, after a discussion of the amount of oil used in a new type of oil lantern in relation to the quantity of light produced. In the article, he parodied himself, his love of thrift, his scientific papers and his passion for playing chess until the wee hours of the morning then sleeping until midday. His plan to save energy was Daylight Savings time. What was intended as a whimsical piece became practice. But today many studies question the energy savings of Daylight Savings time. Certainly a more complex solution is required to solve the energy crisis we face today.
The McCain Lexington Project is named for the town where American asserted their independence once before. The plan provides a roadmap to energy independence and includes the following provisions:
• Expand domestic oil exploration, Drill Here, Drill Now, Pay Less!
• Promote and expand the use of our domestic supplies of Natural Gas
• Invest in clean, alternative sources of energy such as clean coal technologies, nuclear power, wind, hydro, and solar power.
• Promote a Cap-and-Trade system that would set limits on Greenhouse Gas Emissions
• Promote energy efficiency at the federal level and by upgrading the national electrical grid
• Stop oil speculation in the oil futures market.
McCain does not support a windfall profit tax on oil companies. The profits should be used for domestic exploration; the windfall profit tax implemented by Jimmy Carter provided little to no useful results. Thomas Edison said, I find out what the world needs, then I proceed to invent. My main purpose in life is to make money so that I can afford to go on creating more inventions. A windfall profit tax will stifle new inventions and technology.