June 18, 2007

FINALLY, SOMETHING USEFUL, BUT...:

Democrats Press Plan to Channel Billions in Oil Subsidies to Renewable Fuels (EDMUND L. ANDREWS, 6/18/07, NY Times)

Senate Democrats are seeking a major reversal of energy tax policies that would take billions of dollars in tax breaks and other benefits from the oil industry to underwrite renewable fuels.

The tax increases would reverse incentives passed as recently as three years ago to increase domestic exploration and production of oil and gas. The change reflects a shift from the Republican focus on expanding oil production to the Democratic concern about reducing global warming.


...if they were serious about reducing gasoline consumption they'd tax consumers more heavily.

Posted by Orrin Judd at June 18, 2007 10:32 AM
Comments

The GOP needs all the help it can get in '08 and having Dems pushing taxes on gas and oil would certainly help the GOP.

Posted by: AWW at June 18, 2007 11:32 AM

Of all the idiocy surrounding Global Warming (TM), the bizarre push for ethanol is probably the most asinine, and the most dangerous.

Posted by: b at June 18, 2007 12:28 PM

Lay in your supplies of corn on the cob this summer and stock your freezer. By next summer, we plebes may not be able to afford 'em.

Posted by: erp at June 18, 2007 1:17 PM

More "biofuel" per acre can be produced from switchgrass than corn too.

Posted by: Bartman at June 18, 2007 1:17 PM

But there are no lobbyists for switchgrass.

Subsidies to favored industries/ companies, campaign contributions to politicians. No subsidies (income redistributions from middle class to the rich), no campaign contributions.

Posted by: ic at June 19, 2007 1:03 AM
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