Our weekly update to unravel the industry and political spin around the energy debate
IN CASE YOU MISSED IT
BARRASSO AND HASTINGS TURN ROUNDTABLE INTO SPIN ZONE
During Politico’s roundtable discussion on Wednesday, Sen. Barrasso (R-WY) and Rep. Hastings (R-WA) strenuously their Big Oil campaign contributors in the face of facts they didn’t like. Oddly enough, Barrasso stated on-the-record that it was A-okay to address ethanol subsidies to American farmers, but Congress couldn’t cut Big Oil subsidies unless it was part of a package addressing the entire tax code. What?
PEARCE WORKING HARD FOR THE (OIL) MONEY
On Tuesday, Rep. Steve Pearce (R-NM) again why oil and gas companies have invested $1.2 million in his campaigns. Pearce incorrectly claimed that wilderness protection is preventing the state from making money. Unfortunately for the Congressman, New Mexico media the day before that the state is collecting record revenues from the oil and gas industry.
CONNECTING THE DOTS BEHIND THE NAT GAS ACT
A recent investigation by DeSmogBlog and PR Watch just who stands to benefit from the NAT GAS Act and the expensive tactics being used to ensure it flies through congress. Chesapeake Energy’s CEO, Aubrey McClendon, joins T. Boone Pickens among notable beneficiaries of the legislation.
DID YOU KNOW?
YOU’RE SERIOUSLY STILL ASKING FOR A HANDOUT?
Oil powerhouse ExxonMobil reported a 41 percent increase in profits for the second quarter, when compared to Q2 2010. But their total revenues increased 36 percent. So not only is ExxonMobil making more money, more of it is profit.
COMING UP THIS WEEK
WE’RE HAPPY TO HELP
Two House Ways and Means subcommittees are holding a joint hearing Wednesday on “the intersection of energy policy and tax policy,” with a special look at how the NAT GAS act fits in. We recommend Chairmen Tiberi (R-OH) and Boustany (R-LA) read our in-depth look at who’s behind this legislation so they know whether or not their witnesses stand to financially benefit from this legislation.
CONTACT
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