Monthly Archives: May 2011

GOP’s Defense For Oil Subsidies Only Worth Pennies
2011-05-12
The GOP’s tired defense for shelling out billions of dollars in subsidies to Big Oil is getting some push back this week. Democrats are making the case on Capitol Hill as to why these dirty energy corporations do not need extended welfare from the federal government. Nicholas Kusnetz of ProPublica reports: Most experts agree, however,… Read more »
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BP and Republican Senator Get Cozy Before Subsidies Hearing
2011-05-12
Public Campaign Action Fund reports that Sen. Crapo attended a fundraiser hosted by a BP lobbyist just an hour before the Senate Finance Hearing where oil execs, inlcuding BP America CEO Lamar McKary, are set to defend oil subsidies: Sen. Mike Crapo (R-Idaho), a member of a Senate committee holding a hearing today on oil… Read more »
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THE BALANCE SHEET: May 11, 2011
2011-05-11
Our weekly update to unravel the industry and political spin around the energy debate IN CASE YOU MISSED IT BIG OIL CAUCUS FLIP FLOPS ON SUBSIDIES House Republicans blocked a vote to end subsidies on Thursday. Meanwhile, politicians continue to call for spending cuts out of one side of their mouth, while defending $4 billion… Read more »
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NYT Editorial: The Return of ‘Drill, Baby, Drill’
2011-05-9
With the country again facing $4-a-gallon gasoline, the time would seem ripe for a grown-up conversation on energy. What we are getting instead is a mindless rerun of the drill-baby-drill operatics of the 2008 campaign, when gas was also at $4 a gallon. Then, as now, opportunistic politicians insisted that vastly expanded oil drilling would… Read more »
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Breaking from DeSmogBlog
2011-05-6
DeSmogBlog today released a comprehensive report on the dangers posed by hydraulic fracturing to public drinking water, land and our health. Based on the findings of the report and recent events, DeSmogBlog is calling for a national moratorium on fracking until further independent research demonstrates that the process does not contaminate drinking water, pollute land or impact… Read more »
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Big Oil Caucus flip flops on spending cuts
2011-05-5
Big Oil Caucus flip flops on spending cuts Block vote to cut oil & gas, taxpayer-funded subsidy Washington, D.C. – Today, House Republicans again protected Big Oil by blocking a bill to cut taxpayer-funded subsidies to the gas and oil industry. In light of some politicians’ refusal to choose American families over oil company CEOs,… Read more »
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Breaking from Think Progress
2011-05-3
Our friend Lee Fang at Think Progress posts on Rep. Rob Bishop’s denial of billions in oil subsidies. Re-posted in part from Think Progress: VIDEO: Rep. Rob Bishop (R-UT) Denies Existence Of Billions In Special Oil Subsidies Earlier this year, the GOP voted in lockstep to extend billions in tax breaks to oil companies. The… Read more »
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As Obama calls for end to oil company tax breaks, new report links surging profits to lobbying efforts – Real Vail 05/03/11
2011-05-3
David O. Williams | May 3, 2011 | Reposted from Real Vail With Congress and the White House increasingly railing against record oil company profits, a study late last week linked those windfalls to millions spent on lobbying and direct campaign contributions. The nonprofit Checks and Balances Projectlast week released an analysis of the skyrocketing… Read more »
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