Posted on 07/26/2010 8:25:35 AM PDT by La Lydia
U.S. Senate Majority Leader Harry Reid will unveil as early as Monday a slimmed-down energy bill seeking to make offshore drilling safer and convert trucks to run on domestic natural gas. The full Senate could begin consideration of Reid's bill on Tuesday and Democrats would like to pass it by the early part of the following week...Democrats abandoned efforts last week to put climate-control measures in the bill. Reid said then that he had no Republican votes for items such as carbon caps...
Reid said Congress could revisit climate legislation in September but lawmakers and analysts doubt there will be much appetite ahead of the mid-term elections in November...if Republicans pick up seats, as expected, the effort to put a price on carbon and cut emissions could be stalled for years, which would also hamper the Obama Administration's efforts to take a lead role at the world climate talks...
The narrowed-down bill ... will very likely include provisions to force companies to dole out more money to cover the costs of oil spills. The liability cap, which is currently $75 million, will likely be raised to $10 billion or more. One Senate committee passed a bill last month to lift all caps on liabilities...
The natural gas trucks incentives could cost the government $4.1 billion, compared to the $19 billion price tag for an earlier bill that had been endorsed by energy tycoon T. Boone Pickens, Book said.
To pay for these measures, lawmakers may consider raising taxes on the oil and gas industry. "One possibility would be to raise the Oil Spill Liability Trust Fund tax from 8 cents per barrel to 49 cents per barrel, which would raise approximately $18 billion," said analyst Whitney Stanco of the Washington Research Group....
(Excerpt) Read more at reuters.com ...
So much for, “We are dropping cap and tax!”. The lying bas****s are simply going to push a lite version and then add on to it later until they have the full destructive bill into law.
It would seem T. Boone got his natural gas plan for trucks through. I wonder how much money he promised Nancy and Harry?
They have to pass the bill first before we can learn what’s in it.
Wonder how much this Democratic brain child will cost us at the pump?
You don't think they will pass the cost on to us, do you? Dems wouldn't allow that....remember, they are from the government and they are here to help!
Yup.... It’s a TRAP.
Just like with health-care bill, they have a way to trick the Senate into a bill that will pass without filibuster,
then stuff it back up and cram-it during the lame duck session.
Republicans should JUST SAY NO, and wait for a new bill in January.
I wonder if the oil spill trust fund will have as much money in it as the social security trust fund...ZERO.
>he natural gas trucks incentives could cost the government $4.1 billion, compared to...
Sorry, but it won’t cost the government one cent because there is no such thing as government money - it belongs to you and me and it is we who will pay.
Just once I'd like to get the real story from the MSM and the regime, but I suppose that would be impossible because the truth might wake the 0bamaZombies.
I see that little wienie, Reid is playing his games again. I swear, he and Pelosi are twin losers.
It’s a guarantee that they’re lying & that this bill will contain the seeds of destruction they’ve always intended to be in cap-n-tax.
He and Pelosi have played this same game so many times before. It’s to put you off balance; so you can’t think what to do. Both of them should be residing in jail.
The main goal is to kick them out no matter how many little gimmicks they have up their sleaves.
Concentrate on kicking their stinky butts out.
As a bonus; we can put a few of them in jail.
When the Dems announced that cap and trade was dead for this year, only a fool would have believed them.
I read an analysis that said that they will pass a smaller bill, with GOP support (Graham and the usual New England crowd), implemente with regs and czars, and then pass the full-blown thing during the lame duck session.
This way the infrastructure will already be in place, it will be much harder to defund if a GOP majority takes office in January, and we’ll be stuck with one of the most destructive, intrusive, crushing parts of the entire Obama agenda.
This will kill the Coal Industry as well as every other energy industry. Welcome to the USSA.
Pray for America
So true. This so-called president is quite successful in exacting his agenda to destroy the U.S. & create chaos in the world.
Damn. we implemented this about a year ago. It will kill rural areas.
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