Under the energy bill, which The benefits include the ability to write off some of Stop right there for a minute. Imagine all of the Well, Where is this huge daily shakedown going? The contracts And on top of this they have the supreme gall to ”The president is from Texas. The vice president lived As a sugar cane-growing state, Texas is one of four states eligible They’ve got us coming and going. Maybe it’s time for the rest of the world to sheepishly open our eyes and admit we’ve been royally bamboozled by a bunch of shit-kicking rednecks who are laughing thier asses off at our ivy-educated gullibility….<\/em><\/p>\n from the Boston Today’s Boston Globe features further proof that we are now officially living in a Petrocracy… Under the energy bill, which President Bush is scheduled to sign next week, energy companies based in Texas will be eligible for billions in tax … Continue reading ![](\"http:\/\/cyber.law.harvard.edu\/blogs\/static\/dowbrigade\/\ntexoil.jpg\")
Today’s Boston
\n Globe<\/a> features further proof that we
\n are now officially living in a Petrocracy.<\/a>..<\/em><\/p>\n
\n President Bush is scheduled to sign next week,
\n energy
\n companies
\n based
\n in Texas
\n will
\n be
\n eligible for
\n billions in tax benefits to encourage exploration and drilling for
\n new sources of oil, both on federal lands and offshore. More tax breaks
\n are
\n available for corporations — including oil companies — that invest
\n in natural gas pipelines, and still other tax incentives could encourage
\n the expansion of oil refineries.<\/p>\n
\n the costs of exploring for oil — a provision that will cost taxpayers
\n $974 million over two years
\n — as well as another $406 million in tax write-offs to expand refineries.
\n Industry officials say the tax incentives are needed to look for oil in places
\n where it may be hard to reach or of uncertain quantity.<\/p>\n
\n BILLIONS of gallons of oil and petroleum by-products that are sold
\n every day,
\n around the world. The cumulative total of the entire planet’s energy
\n consumption must produce a pretty hefty profit, eh? <\/em><\/p>\n
\n double it, because that’s what has happened to the price of a barrel
\n of oil since Bush came into office. Actually, with
\n the latest run up, its closer to tripling that vast fortune. Every
\n day. This huge global tribute is being paid by every member of
\n humanity, according to their degree of addiction. An American,
\n the heaviest users ever, go through about 120 gallons a day for every
\n man, woman and child. A peasant in Guatemala might only use a gallon
\n or two. But everybody pays.<\/em><\/p>\n
\n that give the international oil companies the right to extract and sell
\n the oil were signed decades ago, and so the base cost of the oil in the ground is not going up. The
\n cost of extracting and refining may be creeping up due to market factors,
\n maybe even as fast as the rise in the cost of a good education, but no
\n way close to tripling. No, this huge, historic windfall is going directly
\n to the oil companies and their vassals, families like the Bushes, al
\n Sauds and Bin Ladens.<\/em><\/p>\n
\n ask for handouts from the federal government at a time when we are
\n at war,
\n spending innocent young lives to defend their right to rip off the rest
\n of the world! Incredible! Only Texans, of all your egomaniacal sects,
\n tribes or manipulative minorities, could have conceived of a plan so
\n bare-faced diabolical. Trust us on this one, we have lived among them,
\n and numerous other cutthroat cultures.<\/em><\/p>\n
\n in Texas until he changed his residence — and he was CEO of Halliburton," a
\n company based in Texas, said Representative Edward J. Markey, Democrat
\n of Malden and a negotiator on the energy bill. ”The majority leader
\n is from Texas; the chairman of the Energy and Commerce Committee is from
\n Texas, and the chairman of the energy subcommittee is from Texas. No
\n one is lonesome in the Lone Star State when it comes to energy policy."<\/p>\n
\n for a provision to spend $36 million in loan subsidies to use
\n cane sugar
\n to make ethanol, a gasoline additive. And the Research Partnership
\n to Secure
\n Energy for America, a not-for-profit facility based in DeLay’s
\n hometown of Sugar Land, Texas, is a leading contender to distribute
\n $1.5 billion
\n in government money to oil companies for deep-water offshore
\n oil drilling.<\/p>\n
\n Globe<\/a><\/font><\/p>\n<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"