Energy Industry Political Payback Bill Near Approval
President Bush's energy industry backers are about to receive their tax-payer financed political payback. The U.S. House is close to approving an energy bill, which once reconciled with the Senate version, will be sent to the President to sign. During an era of war for oil, soaring temperatures, dwindling forests, peak oil and much needed price increases for energy; surely energy policy should favor renewable energy and conservation. Instead this reckless energy bill is a trough upon which the energy industry can feed – despite their already record profits. The Toxic Texan will long be villified throughout what history remains as the oil man that lead the Earth and its civilizations to destruction.
House Takes Action on Energy Measure
The House moved Wednesday toward passage of a far-ranging energy bill, with its leaders hoping that high gasoline prices would finally enable President Bush to achieve his goal of overhauling national energy policy. While the bill includes long-term measures to address price volatility and supply shortages, such as offering tax breaks to promote domestic oil production and speeding the approval of new refineries, it would do little to provide immediate relief from high gas prices.