Bush Signs Energy Bill, Measure Includes Billions in Tax Breaks for Industry By Jim VandeHei and Justin Blum (Washington Post) Tuesday, August 9, 2005 ALBUQUERQUE, Aug. 8 -- President Bush signed the first national energy legislation in more than a decade on Monday, hailing the measure as a smart way to make Americans more secure and less dependent on foreign oil. The new 1,724-page energy law, four years in the making, will provide $14.5 billion in tax breaks. The recipients will include producers of oil, natural gas, coal and nuclear power, as well as smaller incentives for consumers who use cleaner-burning fuels produced in this country. Analysts say it is unlikely most Americans will see a noticeable improvement in their energy costs in the short term. The bill exempts oil and gas industries from some clean-water laws, streamlines permits for oil wells and power lines on public lands, and helps the hydropower industry appeal environmental restrictions.
Filibuster in the Senate! by humphrey Thu Apr 27, 2006 at 09:42:56 AM PDT Senator Ron Wyden (D-Oregon) is currently filibustering the emergency spending bill in the Senate. He is offering an ammendment that would eliminate royalty relief for oil companies when the price of oil is above $50 a barrel. He simply wants a vote on his ammendment. This vote would eliminate subsidies to the oil companies costing billions of dollars. Obviously the Republicans do not want this ammendment to come to a vote as it would hurt big oil. It would put the Senators in a difficult position. Oil companies are cheating Americans out of billions