Posted on 07/28/2005 10:31:13 AM PDT by katieanna
WASHINGTON - The House by a wide margin approved a mammoth energy plan for the nation Thursday that sends billions of dollars in tax breaks and subsidies to energy companies, but is expected to do little to reduce U.S. oil consumption or dampen high energy prices.
"This is a good bill for America," declared Rep. Joe Barton (news, bio, voting record), R-Texas, a key author of the legislation. "It is for America's future."
This will be far better for the country than CAFTA.
Carolyn
wow, nice unbiased lede to that article about the energy bill
Anybody have the particulars of this bill? I tend to cringe whenever I see reports of a "massive" bill...
Why is it that every piece of legislation that comes out of Washington now looks like a farm bill?
I think we should reward them by giving them a bigger bonus this year and more retirement money
They could really use a nice loooooong summer vacation...
send them all someplace where they would do the least harm.
TERM LIMITS...we need TERM LIMITS
1. Is ANWR in it?
2. Is nuclear power in it?
Instead of this:
"...that sends billions of dollars in tax breaks and subsidies to energy companies."
they could've said:
"A bill that creates incentive for energy companies to invest in research to find new energy sources, that when developed, could reduce America's dependency on foreign oil."
I still like the idea of nuclear/electrical/desalination plants. Water & electricity in one plant!
"TERM LIMITS...we need TERM LIMITS"
Already have term limits, it's called the VOTE. Elected offials terms are limited to the amount of times their constituents elect them.
I think it is because the GOP has "settled in."
How sad for America.
The bill would funnel $2.7 billion in tax breaks to the oil and gas industries and provide additional support in form of royalty relief, including $500 million over 10 years for research into drilling in extremely deep areas of the Gulf of Mexico.
Subsidies and tax breaks for wind, geothermal and solar industries and technology aimed at making coal more environmentally friendly.
• New efficiency standards for commercial appliances from air conditioners to refrigerators.
• Requirement for utilities to meet federal reliability standards for the electric transmission grid, hoping to avoid future blackouts like the one in the summer of 2003.
• Easing the way for more imports of liquefied natural gas by giving federal regulators final say over import terminals.
• Spurring construction of new nuclear power reactors by offering loan guarantees and "risk insurance" against regulatory delays for the initial units to be built.
I don't see anything about ANWR
"...that sends billions of dollars in tax breaks and subsidies to energy companies."
they could've said:
"A bill that creates incentive for energy companies to invest in research to find new energy sources, that when developed, could reduce America's dependency on foreign oil."
In other words you want the media to shill for this bill? Subsidies are subsidies, and need to be reported as such. It's the Democrat style to come up with all sorts of euphemisms for goverment spending.
Nuclear power is, IMHO, more important to us for the long term anyway. Good to see that its likely going to happen, it's thirty-plus years overdue.
Especially the wind, solar and ethanol giveaways.
Why read any further?
?....Millions of Chinese Communist Military Oil-worker-troops (ala Sudan) to join their Chinese Communist Military brothers already on the U.S. taxpayer citizens payroll NOW WORKING IN COLORADO....????
.....Factory prisons planned?
/sarcasm?......$$$$$$$$$$$$$$$$$$$
ANWR was attached to the budget bill, so it's already a done deal.
Carolyn
The GOP ducked the issue here yet again.
I am geting pretty fed up with them. This second term is just turning into a bucket of mush. I doubtr they hold on to the majority after 08.
Here's a link to Nuhydro Power Plants that would simultaneously produce electricity, hydrogen & drinking water.
http://www.aaenvironment.com/nuhydro.htm
Whether or not the bill is any good is a different debate; the tax breaks and subsidies are for energy R&D.
Yeah, big bonus checks for ME...
Mandated investment in better equipment, made by my employer...
Not sure how it affects anyone else not in the power protection industry...
Oil and gas-related companies have reported good Q2 earnings, and the entire sector seems to be moving upwards.
Great link...thanks
N-power IS they way to go...but the enviro-weenies will not be weened from the nuclear is bad koolaid any time soon...
Does this authorize drilling in ANWAR?
Any food for my gerbil in the bill?
so what do you think?
is it a good system that would be financially feasible??
They extend DST by 1 month. Does it start in March or ends in November?
No, our wimpy conservative majority did not insist on ANWR being developed..therefore it's not in the bill.
Nuclear power will be expanded..not enough but at least it's something.
Exactly how does not forcefully taking money from a company equal sending them money? This is the same twisted logic that the "tax cuts must be payed for" crowd uses. Not taking someone's property does NOT equal a handout!
I thought that was a state issue, not federal.
Anyway, we need to get rid of DST, not extend it. In the summer when it gets so hot during the day, by the time the sun goes down and things start to cool off, everything's closed. Daylight is one thing we have plenty of in the summer. If anything, we need nighttime savings.
Funny you should say that because many opponents of renewable energies such as wind decry that industry's tax credits as a "subsidy."
personally I like the PBMR system, but any newer tech nuclear is good, they've come a long way...
what is PBMR?
keep in mind I failed HS chemistry, so keep it simple. LOL
Carolyn
Peble based modular reactor
https://www.pbmr.com/
IIRC MIT is now looking into it now..
"I wonder what would happen if we started desalinization on a large scale? Would it affect the salinity of the ocean eventually?"
ya best ask "md willington 1976",
I didn't even pass HS chemistry. LOL
whatever happened to saving energy?
DST, I found out through Fox, will be extended two weeks in the Spring and two weeks in the Fall and will not start until 2007.
Late March to Early November.
Nuclear power is definetly in it. And who cares if ANWR is in it... we should take the money we would spend on getting the 3 years worth of oil out of ANWR into nuclear. We can't let China get ahead of us on this. No matter what the cost.
Carolyn
"Own several hundred shares of Dynegy. It has experienced a nice upward trend in recent days without much news on the stock. Could it be passage of the energy bill was anticipated ... giving the stock a push?"
Perhaps, although, I'd doubt it. Energy stocks are doing well due to commodity prices and remember too that it is 'hurricane season'. Whenever a storm threatens the Gulf Coast, many of the offshore wells are shut in for several days, pushing gas prices higher still. I would say Dynegy will rock on for some time (unless they come upon some bad plays or dry holes!)
we put enough salt back into the ocean as effluents, and enough of it is derived via natural runoff...we could probably never desalinize the entire oceans...
What incentive is there to save energy? To conservatives saving energy makes no sense at all.
I agree, this is very irritating.
Is that as a consequence of this bill or another bill?
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