Issue Position: Energy Policy

Issue Position

During the summer of 2008, gas prices escalated due to increased worldwide consumption, unstable regimes, burdensome regulations and natural disasters. All of these factors pushed the oil market to the limit. High energy prices reflected short supplies and the strong demand of a growing economy. Massive government interference in the market is not the answer to this problem, but government can help reduce the problem by 1) encouraging an increase in energy supplies, 2) promoting new technology and innovation, and 3) encouraging conservation and fuel efficiency. All Arkansans, especially low and middle-income families, are counting on government to do what it can to reduce the burden of high energy costs.

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