Minnesotans are feeling the rising cost of gasoline at the pump. Average gas prices in our state are around $3.75 a gallon right now, squeezing budgets of already cash-strapped families. A recent report by Forbes Magazine, which used data from Goldman Sachs, showed that excessive oil speculation—the practice of market traders who seek to enrich themselves by predicting whether the price of oil will go up or down in the future—contributes significantly to the rising cost of oil, and can add as much as 56 cents to the cost of every gallon of gas. That’s why I’ve introduced legislation that requires the Commodity Futures Trading Commission to use its authority to eliminate excessive speculation and bring down the price of gas.
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Farmers and small businesses are the backbone of our economy in Minnesota. Their hard work and innovation help build communities and create jobs. But often high-energy costs can prevent businesses and farms from thriving, which is why I introduced legislation to reauthorize and strengthen the Rural Energy for America Program (REAP). This bill will help farmers and small businesses save money on energy while at the same time earn some extra income. The program gives grants and loan guarantees to agriculture producers and businesses in rural areas to help them install renewable energy systems and energy efficiency improvements. This will save small businesses money and help farmers diversify and increase their income through energy sales. This is an important bill that will help thousands of Minnesotans and help America move away from its dependence on foreign oil.
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April is both national poetry month and national Military Child month, so I thought it would be appropriate to hold a poetry contest for the children of military families. I want to acknowledge these children because being part of a military family sometimes isn’t easy.
With this poetry contest, I hope to not only recognize the extraordinary work of men and women serving across the world, but also their children, who sacrifice so much when a parent is called away. The winner will receive an autographed book by famed Minnesota author Garrison Keillor and the winning poems will be framed and hung in my Washington office.
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