Star Tribune headline on Energy Bill doesn't mince words.

[Eric J in MN]

It's an AP story, but the headline seems to be the Star Tribune's own:

"Energy bill with billions for oil companies clears House

The House by a wide margin approved a mammoth energy plan for the nation today that sends billions of dollars in tax breaks and subsidies to energy companies, but is expected to do little to reduce U.S. oil consumption or dampen high energy prices."

www.startibune.com

[Deja Q]

1. What will the tax breaks actually DO to encourage alternative fuels?

[aquart]

2. So, basically, we're better off without it?

The difference between Democrats and Republicans is that Democrats steal with one hand and give with the other. Republicans steal with both hands.

[BRLIB]

3. In related news, "Exxon Profits Increase 32-Percent"

Exxon Profits Increase 32-Percent
July 28, 2005, 11:14 AM


IRVING, Texas (AP) - Exxon Mobil said today its second-quarter profit surged as producers across the globe continue to reap benefits from soaring oil prices.

The world's largest publicly traded oil company says net income rose 32 percent to 7.64- billion dollars -- or a dollar 20 cents per share. Excluding one-time items, earnings totaled 7.84-billion dollars -- or a dollar 23 cents per share.
...........................


http://wafb.com/Global/story.asp?S=3652686


Let the good times roll!!!