Evil Omnibus Energy Bill

My own personal American hero, Ralph Nader, has a really nice rant out about the evils of the new energy bill that is sprouting from another series of secret GOP meetings with oil executives.

There are major but vague tax breaks for domestic oil exploration and development, as if this long pampered and subsidized industry needs more tax-payer “incentives” to make more megaprofits. The bill contains no significant increase in average fuel economy standards- a bill of rights for producing more gas guzzlers that eat into your budget and pollute the air.

I am all for providing tax subsidies for companies who are trying to break ground in new industries, but giving another hand-out to a corporation that’s been in business this long is shameful. Compare our retail oil and gas prices to the rest of the world, and it’s obvious that we’re paying for it somewhere else. It’s not a far leap to realize it’s coming from our tax dollars. The oil companies need to stand or fall on thier own. Maybe they should take a lead from BP.

the CEO of BP (British Petroleum), Lord John Browne, referring to his big any as “Beyond Petroleum,” [is] selling solar energy ($300 million in sales last year) and warning about global warming

Posted by etrigan at November 15, 2003 12:03 PM