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Clinton Talks Energy Economy

May 8, 2008, 5:38 PM by Angela Kennecke

Clinton Talks Energy Economy
Despite a fresh round of calls for her to drop out the race, Presidential candidate Hillary Clinton is sticking to the issues. And the one that keeps rising to the top, even here in KELOLAND, is the economy.

Clinton says it's time to rebuild the middle class and she focused on solving the problem at the gas pump.

Hillary Clinton arrived in South Dakota after a campaign stop in West Virginia where she told the crowd gas prices went up to 3.85 a gallon overnight.

Clinton says, "It's on the way to 4 dollars, some people think it will hit 5 dollars a gallon."

Clinton told the crowd South Dakota could play an important role in easing American's dependence on foreign oil.
"It's been said that South Dakota down to Texas is the Saudi Arabia of wind,” Clinton says.

Besides harnessing wind power, Clinton wants 25 percent of our energy to come from renewable fuels by the year 2025.

"We could do so much with wind, and on biofuels, we're just beginning to understand what we can get energy out of. It's not just corn, it's not just soybeans; it’s all kinds of plant material: switch grass, farm waste, you name it.

We should be having a crash program with renewable energy like we did with the space program; an Apollo project for American renewable energy."

But to bring relief to drivers in the immediate future, Clinton says she would ask the Department of Justice and Federal Trade Commission to investigate how much the energy market is being manipulated by speculators.

Clinton also says she would stop buying oil to put in strategic petroleum reserves and even let some out to ease prices.

And Clinton called OPEC a monopoly cartel and says she would change anti-trust laws so the United States could sue OPEC for setting prices.

Finally, Clinton says she would try to make oil companies pay all the gas tax for a summer out of their record profits. Clinton says that would translate into a 70 dollar savings for the average family.

"I know how hard it is to go after oil companies, I've been around a little while, but if you don't try, you never know how far you get do you?"

Clinton says a summer-free of gas tax would save truckers $2 billion in fuel costs. She's also proposing a $10,000 tax credit for buying a hybrid car.

Watch the entire Clinton rally

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