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Originally Posted by jeffrey
The National Energy bill that has already been passed by both the House of Representatives and the Senate is expected to be passed into law this coming week by President Bush. While the main body of the bill deals with the expansion of energy production
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Actually, by this administration’s own estimates, this “Energy Bill” will not increase oil and gas production in the United States by any amount whatsoever over the next 20 years. That reality says a lot about why this unfortunate legislation is being enacted.
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there are some hidden gems in there that could save you hundreds of dollars while you also conserve energy at home and with your car.
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True, but of course, only about 25 percent of the subsidies in the bill go to renewable energy and energy efficiency, and most of those are just extensions of previously existing tax credits, whereas about 65 percent of the subsidies in the bill are for oil and gas companies, the nuclear industry, and for the electric utility industry. More massive Corporate Welfare, and crumbs for the consumer.
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