Republicans Block Proposal To Tax Oil Industry To Pay For Alternative Energy.

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It has happened again…Republicans in Congress have blocked a proposal to tax the oil industry $29 billion over 10 years to pay for investments in ethanol, solar and wind turbines. They said it would raise gas prices, but I highly doubt it because the oil and gas companies earned over $111 BILLION dollars last year, resulting in record profits. And honestly, even if gas prices do go up, I think it is a good thing. What else will make people think twice about what kind of car they are buying? Democrats will try to re-introduce the measure later, but I doubt it will pass with all the ties that Republicans have to the oil companies. God forbid we invest in alternative energy to ween ourselves off oil and other fossil fuels using some of the profits the oil companies make off our gas consumption. This whole “we will raise gas prices” thing is crap because the fact is that they make outrageous profits already and they should be interested in investing (instead of being forced into) in alternative energy…

In some sorta good news, reader Mack sent along some info on the other side of this energy bill, where auto manufacturers will be required to raise the average MPG of their cars to 35 by 2020. 13 years from now? It is going to take them 13 years to reach standards that most Japanese automakers are already at? This is insane as well…I think we should give them 5 years to play catch up. 13 years is a little too long to wait given the state of our environment. Besides, even if this thing passes as it is expected to do, you know it will just keep getting changed and pushed back. I suppose anything we can get them to do is a good thing, but it is kind of sad that other foreign automakers are already so far ahead of us. Thank you Mack for the info though!

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