As The Checks and Balances Project reported earlier this week, the Congressional Budget Office (CBO) has determined that Rep. Lamborn’s oil shale bill would yield zero revenue. But prior to CBO’s evaluation, Lamborn seemed to echo the same conclusion:
The fact that oil shale would not be able to contribute to the nation’s financial future did not seem to faze the primary sponsor of the PIONEERS Act, Representative Doug Lamborn from Colorado, who admitted to the Denver Post last week that oil shale “is not a real contributor to the highway transportation needs we have.” A remarkable pivot given that when the PIONEERS Act was introduced in November, Lamborn stated that one of the critical points of the bill was to “…create good paying American jobs and generate new revenue without raising taxes on families and small businesses.”
The National Resources Defense Council (NRDC) reported, “the very reason the Boehner package exists, is to generate revenues through increased drilling in order to cover a budgetary shortfall in the nation’s transportation funding.” Lamborn committed quite the “oil shale fail” prior to next week’s floor vote, which was already “uncertain.”
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