Monday, October 20, 2008
In order to advance renewable fuels, the government needs to support their development. This can easily be achieved through tax incentives and funding. However, I believe that major oil companies lobbying efforts is one of the culprits of our reliance on foreign oil. In 2005 major oil companies spent over $33,000,000 in lobbying efforts for Bush administration and congress. Their lobbying efforts have been productive. In 2005 big oil companies stripped a law from congress (as a result of their lobbying efforts) that would have raised their taxes, cut hundreds of millions of dollars worth in incentives, and cut provisions in a bill that threatened to cost the oil companies $5 billion. I believe that most Americans know Washington politicians are corrupt. If the media would make a bigger issue over this problem, it could be reduced by the will of the people by creating transparency and accountability in congress.
Dear Kevin,
Interesting post. It aggravates me to hear that greedy oil company owners are a factor in driving gas prices so high. Gas should never be even near $4 a gallon. Do these lobbyists hold stock in the oil companies or do they own foreign land that contains oil?
Keep up the great work!
Thanks,
Merritt