Help Save the Energy Companies of America
Please sir, can't you spare some change help our Poor American Energy Companies?
The House this week will consider $8 billion in tax breaks targeted to the energy industry at a time when some of those companies are enjoying soaring profits from high consumer prices.Oh... apparently you can. Lovely.
The vast majority of the tax breaks would benefit companies that produce and supply traditional forms of energy, with a large portion going to the oil and natural gas sector.
This paragraph, however, has us really confused:
Dana M. Perino, a White House spokeswoman, would not comment on the House measure but referred to comments made by President Bush last week. "I will tell you with $55 oil we don't need incentives to oil and gas companies to explore," Bush said in a speech to newspaper editors in Washington. "There are plenty of incentives. What we need is to put a strategy in place that will help this country over time become less dependent."Wha-huh? Clearly this is the Bizarro-Bush White House so... we're still so confused.
We also recommend using iPodder to download Monday's (4/18) To The Point about "Neo-cons, Environmentalists and Plug-in Hybrids"... fascinating.