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Energy Bill Update

Energy Bill Challenged, Welfare for Oil Continues

By Jeff Siegel
Friday, December 7th, 2007

Down the street from our Baltimore office is a local grocery store called Eddie's. We go there often to pick up lunchtime salads, morning coffee or even the occasional six-pack of whatever beer's the coldest.

This afternoon, our resident copyeditor purchased two small items from Eddie's. As he was checking out, the cashier starting putting the items in a plastic bag. But when he told her that he didn't need the bag, she abruptly, and with a significant amount of attitude, took out the items and threw the bag away.

You know, it's one thing to disagree with those who simply want to make small changes in an effort to clean up the environment. But it's another to go out of your way to actually make things worse.

Perhaps she was taking a cue from all those puppet bureau-bums on the Hill. Certainly they're experts at going out of their way to make things worse.

Just look at today's news regarding the energy bill.

After the House approved it, with all the bells and whistles of higher CAFE standards, a national Renewable Portfolio Standard (RPS) and an extension of the renewable energy tax credits, the Senate quickly blocked a speedy vote on the bill, signaling to the House that this will be an uphill battle all the way.

No kidding!

Bottom line is, Senate Republicans and the Bush administration have clearly stated that they will block a final bill if it includes a $21 billion tax package, financed mostly by revoking $13 billion in tax incentives for big oil and gas producers.

We're not talking about actually taxing them, folks, we're simply talking about taking back some of those handouts they continue to get year after year, and putting that money into something that will strengthen our energy infrastructure . . . not just band-aid it until the whole jalopy implodes. Which you know damn well is exactly what's going to happen if we keep going down this oil-slicked road.

Of course, as I always say, these bills and debates and pissing contests are really just complacency in disguise.

Yes, if Washington would pull its head out from that pile of oil-soaked money it's buried in and actually embrace the renewable energy integration this country so desperately needs, we could accomplish our goals of energy security, lower energy prices and a cleaner environment a lot faster.

But even as they drag their talons on this one, the market continues to reward the companies that'll make renewable energy integration a reality. That's what happens when something makes sense. It works and becomes profitable.

A far cry from what our elected leaders seem capable of doing.

To a new way of life, my friends, and a new generation of wealth,

jeff signature

Jeff


Editor's Note: From solar and wind to geothermal and biofuels, Green Chip readers want to know which renewable energy resource will take over where fossil fuels leave off. The answer is...all of the above!

There is no one single solution to today's energy crisis. However, the combination of all viable renewable energy resources, coupled with energy efficiency, conservation and smart grid development will not only lead us to energy independence and a cleaner, more sustainable energy infrastructure — but also to what will soon prove to be the greatest investment opportunity of the 21st Century.







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Comments:

Comment by Casey on 2007-12-07
In many states, once food items touch the bag, the bag is contaminated and cannot be reused by the vendor for another user. You can reuse your own bag but the store and its employees are prohibited.
Comment by alan on 2007-12-07
Bush and the Republitards continue to thumb their rich noses at the majority of Americans. What happened last November will continue to happen in the next Presidential election. I pray that all Americans have seen enough and we can start heading down the right path once again. For the last seven years it has been shameful to be an American headed by one of the worst Presidents of all of my 58 years. Ignorant, red neck cowboys don't belong in the White House because all they do is fuck things up!!!!!
Comment by Michael Maish on 2007-12-08
"Oil welfare"? Come on that is liberal propaganda. Without tax incentives there are better place to gamble. Tax something and you get less of it. Do you really want less oil production? Liberals are trying to kill the golden goose. Wake up.
mm
Comment by don alexaqnder on 2007-12-08
you are just so right on!!!!!!luveit
Governmental subsidy bull crap
This has got to change
In Eugene,Or, my wife and others have formed an alternative energy round-up that addresses all these issues Its is so good to know others in the market have similar attitudes and feelings re:dubeya and his minions
aldo
Comment by Bahram Ghobadi on 2007-12-08
dear Sir
Politician never leave you alone. It is them who delivered invironmental issues into whole the world.Your article is refelecting this idea.
Comment by Everett Tennant on 2007-12-08
One man's welfare then - - - well - - turns out to become another man's welfare - - - well, fair?
Comment by Mark Sprague on 2007-12-08
I own oil stocks and will be pleased to see them lose value. This is one of a number of industries that will need to be pulled--read legislated--into the reality of our deteriorating environment.

My compliments to you in telling these stories over and over in plain English. It's refreshing.

Comment by H. Harrington on 2007-12-08
Jeff. I have considerable sympathy for the changes you advocate. However if you would stop calling people names and branding them as crooks you might get further. You need to abandon your self-righteousness and listen to people who disagree with you. They do make valid points from time to time.
H.Harrington
Comment by Rich Hennek on 2007-12-09
I would find it helpful to include links to the actual voting records of the politicians so that we can see who is on which side of the fence. I for one would be crawling all over my representatives for voting against my wishes. Help make it easy for all of us to do this. Here is the link for this particular vote in the House
http://clerk.house.gov/evs/2007/roll1140.xml


Comment by sam on 2007-12-10
I am routinely shocked after reading your democratic partisan drivel. Higher taxes, government politicians dictating research initiatives, more restrictions on oil and nat gas production in US, more restrictions on CTL and GTL (which would supply all of our liquid fuel needs), is what you are pushing. Are you serious? I understand that the more oil is restricted the higher the price of oil, the faster your pink sheet bio stocks will rocket before they collapse. You get rich pushing such bad policies on the rest of us. The reality is that energy demands are increasing (which is good because that means our economy is growing!!!) and we can only get there by increases in renewables, wind, nuclear, solar, geothermal, CTL and GTL, and more oil, nat gas and coal. Unless you want us to return to the Demotard depression era of Jimmy Carter, I suggest that you be a little less partisan and a little more honest.
Comment by SteveWilliams on 2007-12-18
I don't think you read it or paid attention to what else was in the package