"Until recently, party of Big Oil has turned a blind eye to price gouging"

[dajoki]

Bloomberg
http://www.bloomberg.com/apps/news?pid=10000103&sid=aQ_TDWnp44Ts&refer=us

Republican Plans Wouldn't Lower Gasoline Prices, Democrat Says
April 29 (Bloomberg)

Republican energy proposals would not lower gasoline prices and would harm the environment while enriching oil company executives, Representative Bart Stupak said in the Democrats' weekly radio address.

``With gas now averaging nearly $3 a gallon, it should be clear: giving special tax breaks to the president's oil company friends does not lower gasoline prices,'' Stupak, a Michigan Democrat, said. ``While Americans pay out at the gas pumps, Big Oil rakes in record profits.''

The Bush administration this week asked Congress for authority to raise fuel-economy standards for cars. Senate Majority Leader Bill Frist unveiled a Republican proposal for oil and natural gas drilling in Alaska, a $100 rebate to consumers, and changing an accounting rule that might require oil companies to pay billions of dollars in additional taxes.

<<snip>>

``Until recently, the party of Big Oil has turned a blind eye to price gouging,'' Stupak said. Stupak said he has introduced a bill designed to provide federal and state authorities with new tools to prosecute price gouging.

``Unfortunately, despite repeated requests, the Republican leadership has not allowed a vote'' on the bill, Stupak said.



To contact the reporter on this story:
Neil Roland in Washington at [e-mail]

[liberal N proud]

1. And now is any different?

I thought bu$h said yesterday there was no evidence of price gouging.

[Booster]

3. From a man who couldn't find his butt with both hands.

[Double T]

2. After all the finger pointing and accusations have made by the congressmen

on both sides of the aisle, NOTHING will be done as usual. Big oil has control of our bought and paid for political representatives and the gouging will continue and the gouging will become worse. The redistribution of more wealth continues for the corrupt elite.

[dajoki]

4. that is the sad truth n/t