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Energy Bill REJECTS greater fuel economy stds & renewables ..WTF?

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cthrumatrix Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-27-05 03:39 PM
Original message
Energy Bill REJECTS greater fuel economy stds & renewables ..WTF?
U.S. Energy Industry's Lobbying Pays Off With $11.6 Bln in Aid
July 27 (Bloomberg) -- Oil and utility companies such as Exxon Mobil Corp. and Southern Co. spent $367 million over the last two years pushing the U.S. Congress to pass energy legislation. For many, the money was a good investment: lawmakers are poised to pass a measure providing about $11.6 billion in taxpayer subsidies.

snip

In negotiating the final measure, lawmakers rejected an increase in fuel-economy standards for automobiles and a requirement that utilities generate 10 percent of their electricity through renewable sources of energy such as solar or wind. Bush said in April that the legislation wouldn't have an immediate effect on gasoline prices, which yesterday averaged $2.28 for a gallon of unleaded, close to the record of $2.32 a gallon set July 14, according to the AAA, the former American Automobile Association.

snip

http://www.bloomberg.com/apps/news?pid=10000103&sid=agbeVimf04Ec&refer=us

this was just a massive tax gift to corporations while WE will contniue to pay the price at the gas pumps

WTF is our media calling out these criminals !!!!!!!!!!!!!!!!
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Rex Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-27-05 03:42 PM
Response to Original message
1. Wow, what a nice trade for the Energy Monster.
$367 million for $11.6 billion in kickbacks!?!?! This kind of thing SHOULD be illegal.
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klyon Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-27-05 03:56 PM
Response to Reply #1
5. adding that to the cost of the war and pump price means
Edited on Wed Jul-27-05 03:56 PM by klyon
we are paying how much for our gasoline?

KL
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Karmadillo Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-27-05 03:43 PM
Response to Original message
2. WTF aren't the Democrats calling out these criminals?
Maybe this is the answer:

<edit>

Senator John Cornyn, a backer of the legislation, said it was the product of discussions between Republicans and Democrats that didn't involve energy lobbyists. ``You can't get anything done in the Senate unless it gets bipartisan support,'' Cornyn, a Texas Republican, said in an interview. ``It's not a product of any interest group's work.''
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alarimer Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-27-05 03:51 PM
Response to Reply #2
3. Probably because they are in the industry's pockets
as well. Government of, by and for corporations.
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spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-27-05 03:53 PM
Response to Original message
4. I expect nothing less from these ciminals inhabiting the white house
These are oil men raping the American people.
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cthrumatrix Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-27-05 04:09 PM
Response to Reply #4
6. I guess reality shows and baseball are more important to Americans
of course the media will never educate america.....
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