So, the Energy Bill is going to give billions in incentives to the oil industry to help make oil less profitable?
"I have been following this industry for 18 years and I have never seen anything like this," said Oppenheimer & Co. analyst Fadel Gheit. "It's like they're printing money," stated Gheit when responding to questions about the $23 billion the top 4 big oil companies profited the first 3 months of this year. (DetNews)
How can the Energy Bill be seen as anything but a joke?
The world needs alternatives to oil, not richer oil companies. Yet tax credits for hybrid cars, diesel and other clean energy technologies - the only consumer friendly incentives of the President's proposal - won't even be part of the bill if the Senate doesn't add them to the House's version.
