Kerry to Introduce Resolution to Fix “Royalty Relief Program” for Oil Co's

[kerrygoddess]

John Kerry to Introduce Resolution Today to Fix “Royalty Relief Program” for Oil Companies
February 14th, 2006 @ 7:57 am

John Kerry announced this morning that he will introduce a resolution in the Senate today that highlights the need to fix the royalty relief program for oil companies. The NY Times reported today that, “The federal government is on the verge of one of the biggest giveaways of oil and gas in American history, worth an estimated $7 billion over five years.”

It was made public today that the Bush administration will use the royalty relief program to allow oil companies to pump $65 billion worth of oil and natural gas from federal land over the next five years and waive any royalties to the government.

Below is a statement from Senator Kerry:

“It’s not America that’s addicted to oil, it’s the Bush Administration that’s addicted to oil. How else can you explain that buried in the President’s budget is one of the biggest giveaways of oil and gas in American history, worth an estimated $7 billion over five years?

MORE & LINKS - http://blog.thedemocraticdaily.com/?p=1934

[earthboundmisfit]

1. Kudos to Kerry. What we DON'T need is another giveaway to the rich -

while cutting health care, food and housing for the poor (and the soon-to-be poor, a.k.a. the middle class)...

[Coastie for Truth]

2. This was a massive gift to Big Oil

(I know, I have an obsession about "Big Oil", see my blog: and read my book )

[blm]

3. It's not an obsession - it's patriotism to keep an eye on those thugs.

.

[karynnj]

4. Good for Kerry!

With the high profits of the energy companies, they certainly don't need welfare payments from the government.

[glitch]

5. This is really important! K & R nt

[MH1]

6. Can we use that $7B to restore Medicare, Medicaid? K&R. n/t

[ProSense]

7. Exactly! n/t