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July 17, 2008
Posted: 05:02 PM ET
Regular unleaded gasoline remains at its record high price of $4.12 a gallon, according to AAA.
FROM CNN's Jack Cafferty: This country's energy crisis is "more important and threatening to America's future than terrorism" So says Republican Congressman John Peterson. He's one of the lawmakers heading up the bipartisan "energy working group" in the House, which is trying to bring back stalled energy legislation. Peterson insists that energy legislation should be the top priority for Congress, even though there's no sense of urgency in Washington about energy prices. He says that leaders will have a hard time refusing to address this issue adding "This is the issue of the year. This is the issue of the decade." The Pennsylvania Congressman says the energy crisis is destroying the middle class that made this country strong, and even calls for a "war on energy” – much like our war on terror. He says that expanding offshore drilling is the most important thing Congress can do to boost domestic supply, something many Democrats have opposed. But Peterson also calls for conservation, tax breaks and tax credits for people to get rid of their old cars, and more funding for renewable energy sources. There's also a bipartisan group working in the Senate on an energy bill. It's believed eventual compromises would include new domestic drilling to satisfy Republicans, while promoting conservation and alternative energy sources to make Democrats happy. Here’s my question to you: Is the energy crisis a bigger threat to the U.S. than terrorism? Interested to know which ones made it on air?
B. from Truckee, Calif. writes: Dan from Maryland writes: Jose writes: Tom from Tennessee writes: A. from Naples, Florida writes: Dave from Oskaloosa, Kansas writes: Filed under: Oil Prices US Economy
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Jack Cafferty sounds off hourly on the Situation Room on the stories crossing his radar. Now, you can check in with Jack online to see what he's thinking and weigh in with your own comments online and on TV. Send your comments on the "Cafferty File". Jack's Book
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