Washington is broken - Sept 2

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dan_s
Posts: 34584
Joined: Fri Apr 23, 2010 8:22 am

Washington is broken - Sept 2

Post by dan_s »

Resources panel girds for partisan reconciliation clash. E&E News.
The House Natural Resources Committee will be the first panel to consider a component of the $3.5 trillion reconciliation package — a distinction Chair Raúl Grijalva takes seriously in the thick of a deeply partisan political atmosphere. “We’re one of the first committees to go, and we want to set the tone that this is about doing our work and doing the business that we’re elected to do, so we’re gonna do it,” the Arizona Democrat told E&E News in an interview yesterday.

House Dems eye scrapping fossil fuel subsidies to pay for $3.5T spending package. Washington Times.
House Democrats are eyeing a repeal of all federal subsidies for the fossil fuel industry within President Biden’s massive $3.5 trillion spending package, arguing that the move is needed to not only pay for the proposal but also combat climate change and advance “racial justice.” More than 50 House Democrats, led by senior members of the House Oversight Committee, sent a letter to Speaker Nancy Pelosi demanding an end to all federal support for the oil and natural gas industries. The lawmakers argued that the federal subsidies only serve to benefit big corporations at the expense of average citizens, particularly people of color. < How exactly does raising taxes on oil & gas companies advance the case for "racial justice"? Higher taxes on oil & gas will be passed on to consumers and impact lower income families the most. They never learn in Washington DC.
Dan Steffens
Energy Prospectus Group
Fraser921
Posts: 2993
Joined: Mon Mar 22, 2021 11:48 am

Re: Washington is broken - Sept 2

Post by Fraser921 »

Then they will play the blame game when gasoline goes to 4 or higher whilst begging for more oil from the middle east. Just wait when q 3 and Q 4 earnings come out. The story line will be " evil oil companies gouging the consumer, record profits,etc. They don't know a dang thing about Economics 101 supply & demand

On another note, They threw a guy in jail for watching the pillow guy while released from prison for the so called jan 6th insurrection.

No one was arrested for burning down Portland or setting fires out west
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