RJ sides with BIG GREEDY Oil against the People.
EDITORIAL One for you, 19 for me ...
On Saturday, the House passed $16 billion in new taxes on oil companies, while providing billions of dollars in tax breaks and incentives for renewable energy and conservation efforts.
"We are turning to the future," announced House Speaker Nancy Pelosi.
The goal, obviously, is to make it less attractive to drill or import oil, and more
attractive to try and supply our energy needs with solar panels and windmills,
as well as to shift millions of acres to the production of corn for ethanol (while continuing to block the import of cheap ethanol from
*** Currently, there is a 50 cent a gallon tariff on imported Ethanol.
Now, those who actually work in the power business point out current technologies have the benefit that operators can "turn on more generation" in times of high demand -- whereas it's harder to order the sun to shine or the wind to blow when needed.
So what will Americans do
if the Democrats succeed in putting the oil companies out of business,
while waiting for new alternatives to spring up magically at their command?
*** GREEDY Oil is “putting – ITSELF - out of business,
"There's a war going on against energy from fossil fuels," says Rep. Ralph Hall, R-Texas. "I can't understand the pure venom felt against the oil and gas industry."
*** Go to the filling station and look at the PRICE OF GASOLINE.
Read the Financial Pages – that repeat – quarter after quarter
record GREEDY Oil Company Profits.
On his site he has a - Debt Calculator
The national debt on August 07: $8,943,049,360,658.01
Your share of the national debt: $29,559.35
There was more RJ, but who cares.
