Filibuster Threats Stops Energy Votes...Again

The Writing Corner by Beth Wellington | Jun. 12, 2008 (Opinion)

What's causing the "pain at the pumps?" Like me, you may have read the oil companies and the Bush Administration's arguments that demand from China and India is responsible. You may have read analysts who suggest that tax abatement on carbon fuel v.s renewables has stymied the latter's competitiveness. On June 6, the Washington Post's David Cho brought up another possibility( DISCLOSURE: Author is member of NewsTrust's staff) Full Story »

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Silhouette_sml
3.5
 by Gary Clark - Jun. 13, 2008

This blog post is too brief to delve into the topic in depth, and the author promises follow-up posts to fill in the missing pieces. It seems to me to be fair-handed in its treatment, and several links provided are useful. She cites one source pointing at commodities speculators as critical in oil pricing as China's thirst, and also deals with "excessive profits" which are being reinvested in the companies' own stock buybacks much more than in new oil field development. She outlines the proposed, failed bills and the power politics behind them. I wondered about more of the bills' specifics, and what current tax advantages the companies now enjoy.

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