Thursday, May 5, 2011

Energy

Of course Henry Cuellar is going to vote to keep tax breaks for oil companies in place; He's from Texas after all.  Republicans want to drill away and they're not about to upset their big corporate donors.

Gasoline prices, meanwhile, are straining our own budgets.  I'm told that international instability, world demand, and acts of Nature influence oil production and prices.  At the same time, I'm told that drilling shale for natural gas lessens our dependence on foreign fuel.  Yet, it hasn't happened.  Fracking has been carried out for some time and the price of gasoline has steadily gone up; And so have oil company profits. 

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