cutting the big oil subsidies

Nancy Pelosi and the House Democrats, good to their word, have been pushing forward their legislative agenda since taking the House. They’ve passed legislation to expand stem cell research, cut the interest rate on student loans, enact the recommendations of the 9/11 Commission, and increase the minimum wage. And, tomorrow, they’re set to vote on a bill that would stop subsidies to big oil companies. If it becomes law, it would also channel as much as $14 billion (over the next decade) into renewable energy sources. The good news is, the bill, called “Creating Long-Term Energy Alternatives for the Nation,” is expected to pass the House easily.

The environmental lobby is thrilled to have something legislatively to fight for, instead of against, for a change. It’s going to be a hell of a fight getting it through the Senate, but this is the opportunity we’ve all been waiting for these past six years. So, start sharpening your pencils. We’re going to have to write a lot of letters over the next few months if we want to see this come into being. Not only do we have to get it through the Senate, but we need to demonstrate so much public support that Bush has no choice but to turn his back on his big oil puppet masters and sign it into law.

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3 Comments

  1. t.d. glass
    Posted January 18, 2007 at 3:19 pm | Permalink

    This may also be of interest-

    http://thinkprogress.org/2007/01/17/interior-oil/

  2. egpenet
    Posted January 18, 2007 at 6:23 pm | Permalink

    True, the senate and the White House will give this bill a very hard time. The House bill has passed at leasdt two maybe threee times beforee, but never made it to the floor of the senate, as far as I remember.

    The white house … in case you haven’t noticed … is (thanks to Busharabia) drowning us in crude, heating oil and gasoline. I paid $1.83 today for 87 octane regular. The tap will be on full blast for the next two years … so, who needs to cut the subsidies for exploration and alternative fuel research … is what the White House will say.

    Abnd if Bush wipes Tehran off the map next year (or his Israeli proxies do it) … we’ll control even more production.

    And that’s the way it is …

  3. mark
    Posted January 18, 2007 at 10:19 pm | Permalink

    ABC News coverage of today’s vote.

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