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.

You may also like...

2 Responses

  1. mike says:

    No surprise at all. Put an oil man in the oval, and the oil men will profit.
    Way to move us backward into the future, W.

  2. John J Burton says:

    CCS (carbon capture and storage) has promise for using fossil fuels to generate electricity at power plants with no emission of carbon dioxide. We know that the carbon dioxide in the power plant stack gases can be sequestered and compressed ready for sending it by pipeline to underground aquifers. Studies have been underway for several years to verify the capacity of several types of underground storage sites and their suitability for permanent storage. The next step will be demonstaation of this on a commercial scale. It will add about 1/3 to the cost of producing electricity but in comparison to other means of rducing CO2 emissions it has more potential for large scale reduction. What is lacking is public knowledge of this and political suport which would get the funding to expedite progress. I have written a paper covering much more information and will send to anyone interested.

Leave a Reply

Your email address will not be published.