On the recordJanuary 18, 2007
I find it amusing to be lectured about energy independence and working hard to get things done from our colleagues on the other side of the aisle who for the last 6 years could have solved these problems, but instead watched us sink further into dependence on foreign and polluting sources of energy. In April 2005, President Bush was quoted as saying, "With oil at more than $50 a barrel, energy companies do not need taxpayer incentives to explore for oil and gas." Then, even as prices went higher, he and the Republican Congress went ahead and gave them a goodie bag of taxpayer subsidies. Gas prices topped $3 per gallon, Big Oil made record profits of $97 billion, and record dependence on foreign oil still leaves us vulnerable to the whims of unfriendly regimes. Today, we are going to take back the tax giveaways to Big Oil so we can give the American people a break at the pump, a breath of fresh air, and a more secure nation.
Source
govinfo.gov
