The House Done Did It.

Hey folks,

It still amazes me to watch the LWL and those sheep out there that have no clue to reality, blindly following them. I warned you about this just yesterday. This bill not only raises taxes, but it also will increase our dependence on foreign oil.

The Christian Science Monitor put it this way,

"The House of Representatives is poised Thursday to play Robin Hood with energy policy.

It aims to cut $14 billion in federal oil and gas tax breaks and other benefits over the next 10 years and give them instead to renewable-energy programs.

Such a change would represent a noticeable trim in government support for the oil and gas industry at a time when it is trying to boost domestic production. It would provide a huge boost to renewable energy industries as they try to replace fossil fuels with cleaner energy that's also domestically produced."

But this is not as good as it sounds.

"If Congress imposes these additional costs on the companies, it just makes them more likely to look overseas," responds Mark Kibbe, senior tax-policy analyst for the American Petroleum Institute, a lobbying arm of the oil industry in Washington. "If you make these changes, you decrease US production, US jobs, and increase US reliance on imported oil."

BUT WAIT!!!!!! News Alert. While I was writing this, AP just came out reporting,

"The House rolled back billions of dollars in oil industry subsidies Thursday in what supporters hailed as a new direction in energy policy toward more renewable fuels. Critics said the action would reduce domestic oil production and increase reliance on imports.

The energy legislation was the last of six high-priority issues that House Speaker Nancy Pelosi, D-Calif., had pledged to push through during the first 100 hours of Democratic control. The bill passed by a 264-163 vote.

The bill's prospects are uncertain the Senate, where Democrats hold a narrow majority. The top Republican on the tax-writing Senate Finance Committee, Sen. Charles Grassley of Iowa, said the bill was "another pig in the poke" that targets incentives necessary to promote domestic drilling."

Nancy spoke, sheep voted. Now I’m sure that tomorrow, there will be some that actually believe the crap that they are told in the mass media about this being a "good thing." The environmental wackos will love it. The "Get Big Oil" idiots will love it. But in the end, when gas prices sore past $5.00 a gallon, they will be the first to cry about it. YOU did it.

"The oil industry doesn't need the taxpayers' help. ... There is not an American that goes to a gas pump that doesn't know that," said Majority Leader Steny Hoyer, D-Md. Pump prices topped $3 per gallon last year as the oil industry earned record profits.

The bill, Hoyer said, "starts to move our nation in a new direction" on energy policy.

Yeah, but the problem is not all new directions are GOOD. You are proud of the real PROBABILITY of gas going way farther than $3.00. Now all you have to do is find a way to cut and run in Iraq. Leave the oil for people like Little Hitler to take over and control. Just talk nice to him. I’m sure he’s reasonable. {Sigh} I agree with Hastert


"We do not need a tax on domestic energy production and development," said Rep. Dennis Hastert, R-Ill., the former House speaker. "Increasing taxes on our nation's energy industry means one thing — more reliance on foreign oil and gasoline."

I love this statement by Young

Added Rep. Don Young, R-Alaska: "If you want to do things right, let's tax foreign oil."

Young, who had on a bright red shirt, made reference to it when he said, "It's the color of this bill we're debating — Communist red." The legislation "amounts to a taking of private property" by forcing oil companies to renegotiate leases they view as valid contracts, he said.

But they do not care about foreign ANYTHING. They HATE America. They can say whatever they want, but their actions show their guilt and hatred of their,,, YOUR, country. Yup, Dem DEMS done did it. I hope it fails miserably in the Senate. If not, buy a bike.
Peter

Sources
Christian Science Monitor - US House takes on Big Oil
AP-House rolls back oil company subsidies