Sunday, August 05, 2007

Democrats Raise Price of Gas & Food, Worse than OPEC

House Approves Taxes on Oil Companies

Declaring a new direction in energy policy, the House on Saturday approved $16 billion in taxes on oil companies, while providing billions of dollars in tax breaks and incentives for renewable energy and conservation

Republican opponents said the legislation ignored the need to
produce more domestic oil, natural gas and coal. One GOP
lawmaker bemoaned "the pure venom ... against the oil and gas industry."

The House passed the tax provisions by a vote of 221-189. Earlier it
had approved, 241-172, a companion energy package aimed at
boosting energy efficiency and expanding use of biofuels, wind power and
other renewable energy sources.

"We are turning to the future," said House Speaker Nancy Pelosi.

Yep, Nancy, we are headed in a new direction and it has little to do with energy policy except for you to pander to the enviro wackos for their votes. As usual, Congressional liberals don't really want to look at the effects of their policies such as bio and the rising cost of food in the wake of their feel good legislation.

Result, higher food prices, higher gas prices including home heating fuel and more taxes to the government and less money to actually solve problems that we, as a nation, face.

The right direction would be more domestic drilling and the building of more refineries, Congress won't accept that.
Somebody should tell Congress that they are doing work on behalf of the pricing department of OPEC right here in America, but then I believe they already know that.