Democrats Press Plan to Channel Billions in Oil Subsidies to Renewable Fuels
Oil executives are protesting loudly, saying that the proposed changes would take money away from exploring and drilling in the United States and increase the nation’s dependence on imported foreign oil.
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The oil industry has ample reason to worry. With consumers seething about gasoline prices increasing to more than $3 a gallon and oil profits reaching record highs, oil companies would be short of friends in Congress regardless of the party in power.
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The oil industry has ample reason to worry. With consumers seething about gasoline prices increasing to more than $3 a gallon and oil profits reaching record highs, oil companies would be short of friends in Congress regardless of the party in power.
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Labels: Alternative Fuels, Bush Tax Breaks, Corporate Crime, Oil, Oil Company Scum, Right Wing Democrats
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