Aug 08 2005

Energy Bill Signed!

Published by at 6:07 pm under All General Discussions

This bill took way too long to become law. One good point is the promotion to expand nuclear power and gasoline production. Not to mention the investment into hybrid technology

In the near term, the new legislation will extend daylight-saving time, give tax breaks to drivers who buy cars with fuel-efficient technologies and try to jump-start the construction of new nuclear power plants.

Supporters say that in the long run, the new law will refocus the nation’s energy priorities and promote cleaner and alternative sources of energy.

The bill’s price tag _ $12.3 billion over 10 years _ is twice what the White House had first proposed. It does not include Bush’s desire to open the Arctic National Wildlife Refuge to oil exploration. Drilling advocates, however, have a backup plan that is expected to unfold in mid-September.

The measure funnels billions of dollars to energy companies, including tax breaks and loan guarantees for new nuclear power plants, clean coal technology and wind energy.

Why democrats blocked this is just beyond imagination. Are they going to claim their fantasy wishes were not being met? Or, in other words, are they going to once again emphasize their limited connections to reality?

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