“Squeezed to the Breaking Point”
Posted in From the Trail, News Clips on July 7th, 2008
Al held an afternoon news conference in front of a Duluth gas station on Thursday to outline short- and long-term solutions for high gas prices and the energy crisis. If you live in Duluth, you might have read about it in the Duluth News Tribune or seen part of it on TV. If you missed it, you can watch the Northland’s NewsCenter TV coverage.
Or check out the Duluth News Tribune story.
Coleman’s energy policy is “by the oil companies for the oil companies,” Franken said later that day, during an afternoon news conference at the Duluth Holiday station at 26th Avenue East and London Road.
“The middle class is being squeezed to the breaking point, and the breaking point might be gas prices,” Franken said, noting the price of gas at the station behind him stood at $3.979 a gallon.
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Short-term steps include closing loopholes allowing speculators to drive up crude oil prices, having federal investigators look for marketplace manipulation, rescinding tax subsidies to oil companies and using that money to invest in renewable energy, mass transit and highways. Franken would also tax oil companies’ windfall profits and pass a middle class tax cut.
Long-term solutions include developing renewable energy sources, increasing energy efficiencies and offering more mass transit.
