Posts Tagged: budget

Oil & gas supported senators return the favor
2011-05-18
Tuesday night’s vote in the Senate was telling. The vote was on a motion to proceed on S. 90, the Close Big Oil Tax Loopholes Act. If the bill had passed, over the next 10 years $21 billion taxpayer dollars would have stopped flowing into Big Oil’s bank accounts. Instead, that money would have been… Read more »
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THE BALANCE SHEET: MAY 3, 2011
2011-05-2
Our weekly update to unravel the industry and political spin around the energy debate IN CASE YOU MISSED IT ‘GOUGE-ONOMICS’: PRODUCTION DOWN, PROFITS UP Despite billion-dollar profits across the board, Big Oil refineries are producing less fuel while making more money. It’s too bad this game of monopoly has real impacts to our pocketbooks. According… Read more »
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Will Boehner End Oil and Gas Industry Welfare?
2011-04-28
The price at the pump is hovering around $4/gallon, while oil and gas companies are reporting billions in first quarter profits. So wasn’t a complete shock when Speaker John Boehner said, earlier this week, that Congress should look at ending the fossil fuel industry’s multi-billion dollar tax breaks. After all, how does Congress plan to… Read more »
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THE BALANCE SHEET: APRIL 12, 2011
2011-04-12
Our weekly update to unravel the industry and political spin around the energy debate IN CASE YOU MISSED IT WHAT’S THE DEFINITION OF AN IMPARTIAL WITNESS? Last week’s Subcommittee on Energy and Mineral Resources Oversight Hearing turned into a good ol’ boys club, when Rep. Doug Lamborn invited his buddy, James Schroeder, to testify. Schroeder… Read more »
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