I wish this was a joke or a headline from "The Onion." Unfortunately, it's another joke on the American people. Only the Bush White House and the GOP could be celebrating energy policy these days. They're apparently quite proud of the energy bill that passed last year. But, Think Progess explains what a difference a year makes:
One year ago today, Congress finalized the Energy Policy Act of 2005, which lavished $14.5 billion in tax breaks on energy firms, nearly 60 percent of which went to “oil, natural gas, coal, electric utilities and nuclear power.”Yeah, a celebration for screwing the American people.
One year ago, the average national gas price was $2.14. Today, it’s $3.00. The country is no closer to ending its addiction to oil, and fuel economy standards are still stuck at 27.5 miles per gallon (where they’ve been for 20 years). Meanwhile, “five of the world’s largest energy companies are expected to report combined second-quarter profits next week of more than $30 billion.”
