With the U.S. Senate getting ready to debate proposals that would raise taxes on American energy companies, the White House blog spins:
"Instead of subsidizing the fossil fuels of the last century by giving away $4 billion of taxpayer money each year to oil companies that are more profitable than ever, we should be investing in a clean energy future—especially when gas prices are high and drivers, whose budgets are already stretched thin, are feeling the pain at the pump."
In reverse order, taking on the White House’s points:
Yesterday’s energy – We thought the administration had shelved this rhetoric, but it’s back – despite government data showing that oil and natural gas not only is today’s energy, it’s tomorrow’s as well. According to the Energy Information Administration m... more »