"PUMPed" about Energy Independence

By Courtney Ann Jackson-Talk Radio News Service

Energy independence is a must according to United States Representative Bart Stupak (D-Mich.) at his news conference Friday. Stupak introduced revised legislation of the Prevent Unfair Manipulation of Prices (PUMP) Act that will address excessive energy market speculation and regulation of any future carbon derivatives markets.

“We need the 2009 PUMP Act for two reasons. Number one, we’ve seen a dramatic increase in the price of oil and natural gas since the beginning of the year. Secondly, the carbon derivative trading market that’s being proposed...is creating a whole new market,” said Stupak.

The update and revised PUMP Act addresses more current carbon issues and gives the Commodity Futures Trading Commission (CFTC) the authority to regulate carbon derivates as an energy commodity. It will also aid in closing the swaps, involving energy transactions loophole, which will eliminate energy transactions to be excluded from the requirements of the Commodity Exchange Act.

Next week, the House Energy and Commerce Committee will consider the American Clean Energy and Security Act. The Act will create “an entirely new carbon derivatives market which speculators can manipulate,” according to Congressman Stupak’s office.

Stupak said the carbon derivatives market needs to be “based on a strong regulatory framework.” He also noted that despite the fact that energy costs are down significantly from this time last year, America can not become complacent.”

“I am tired of waiting. We should get it done. I don’t want to create a market and then try to fix the market once it’s functioning. Let’s fix it. Let’s get it frame worked before the market begins,” he said.

Pelosi Paints the Capital Green

By Michael Ruhl, University of New Mexico – Talk Radio News Service

To mark Earth Day, Speaker of the House Nancy Pelosi introduced a plan to paint green the marble columns of the Capitol with energy efficiency and environmental initiatives. She calls it the “Green the Capitol Initiative.”

Pelosi’s plan involves 15 distinct steps to conserve energy and reduce waste, and is aimed specifically at congressional offices. Among Pelosi’s 15 measures are the use of compact florescent light bulbs, recycling used office items, and conserving electricity by powering off lights and computers while not in use. Additionally, Speaker Pelosi is encouraging the use of public transportation and the conservation of basic office supplies.

“The Capitol, which has always served as a beacon of freedom, is now a shining example of sustainability.” Pelosi said. She continued that the House has reduced its carbon emissions by 72 percent recently. She continued that if all Congressional offices adopt this plan, it will result in a savings of $1 million in energy costs and will cut energy consumption in the Capitol by nearly 10 percent.

Congressman Earl Blumenauer (D-Oreg.), who Pelosi called “the main instigator” of the green plan, believes that Congress is setting a good example for the rest of the country. He said, “If we model the behavior we want the rest of America to follow, it has a profound effect.”

Ben Ray Lujan (D-NM) said that one of the first things he did when coming into Congress was institute a recycling program in his offices. He grinned at the savings

“Just during the transition from the 110th to 111th Congress, Congress saved over 60,000 pounds of paper. Lujan joked with the Speaker, “I was going to bring an example of that, but I couldn’t forklift it in, just to give an example of what we’ve truly saved.”

Pelosi called it the moral responsibility of Congress. Her office is encouraging all members to adopt these “green” plans. “I think most members of the Congress are doing some of this,” but she could not give exact numbers on who has implemented all of these recommendations. “The Speakers office is doing all of this,” Pelosi said proudly of the recommendations.

Vilsack Sets Out Top Priorities for USDA

By Kayleigh Harvey - Talk Radio News Service

In a conference call today, Agriculture Secretary, Tom Vilsack set out the key areas the American people can expect the USDA to focus on, under the new Obama administration.

The top priorities he identified included promoting a sustainable, safe, sufficient and nutritious food supply for all Americans and people around the world. He further stated that combating childhood obesity, enhanced healthy nutrition, and supporting research in the health care debate would be a key focus. Vilsack also announced that the USDA will work on achieving Obama's target to eliminate child hunger by 2015.

Vilsack identified that another key area the USDA will be working on under the new administration would be research development in additional bio-fuels. The USDA will support the survival of the bio-fuel industry whilst promoting policies that will speed up the development of second and third generation feedstocks for these bio-fuels and in turn increase the potential to secure America's energy security and independence. He will lead the USDA in it's efforts to adopt management practices that promote and provide clean air, clean water and wildlife habitat. The USDA aim to support the profitability of farmers and ranchers, developing markets that reward them for carbon sequestration and eliminating greenhouse gases.

Vilsack concluded by stating that: "We have some serious challenges and many opportunities to pursue here at the USDA. I am looking forward to working with the dedicated employees of the USDA and all the departments to fulfill President Obama's desire of effecting change, promoting a stronger, more vibrant and more economically viable royal America".