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To: mugs99
Sounds like the FED is going to force the utilities to buy the overpriced subsidized oil

Huh, that doesn't make any sense. If anything updating the grid would use less energy, due to technological advances.

Also when the enviromentalists are unhappy, I'm happy.

Supporters of the energy bill say it will revive America's nuclear power industry, boost oil drilling, convert coal into a cleaner-burning fuel and use home-grown, corn-based ethanol to stretch gasoline supplies.

But environmental groups and some Democrats criticize its extensive tax breaks, subsidies and loan guarantees as a lavish gift to energy companies already enjoying near-record profits.

"Big energy lobbyists may be cheering the bill's enactment, but ordinary Americans had better hold fast to their wallets," said Anna Aurilio, legislative director of U.S. Public Interest Research Group. "As gasoline prices careen out of control, the bill keeps America speeding down the wrong road toward more oil consumption, more drilling, and more pollution."

Link

20 posted on 08/08/2005 3:37:11 PM PDT by Dane ( anyone who believes hillary would do something to stop illegal immigration is believing gibberish)
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To: Dane; GhostofWCooper; All
"...corn-based ethanol to stretch gasoline supplies."

Increasing the cost of a gallon of gasoline well reducing its' energy content is crap.

Archer Daniels Midland=The Antichrist

26 posted on 08/08/2005 3:53:28 PM PDT by Conservative Firster
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To: Dane

Yes, but....we were made the same promise by Nixon. I see no difference between this bill and the Nixon fiasco. In fact, I'll bet somebody dug Nixon's old notebook out and dusted it off. If you want to impress me with an energy plan, lower my costs now. This pie in the sky someday maybe stuff is for kids and chumps.
.


37 posted on 08/08/2005 5:48:25 PM PDT by mugs99
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