02-06-2006, 07:31 PM | #1 | ||
Death Herald
Join Date: Nov 2000
Location: Le stelle la notte sono grandi e luminose nel cuore profondo del Texas
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Call out the wahmbulance and cue the world's tiniest violin...
The Oil and Gas industry is upset because $50 million was cut from next year's proposed federal budget to subsidize new oil and gas reserve searches. Unbelievable.
http://www.cnn.com/2006/POLITICS/02/...oil/index.html Oil industry disputes proposed budget trim Plan would kill $50 million in federal R&D funding WASHINGTON (CNN) -- Oil drilling companies are upset that the Bush administration has proposed killing funding for oil and natural gas exploration research and development programs at the Department of Energy, an industry lobbyist said Monday. The proposed cuts were included in the $2.77 trillion budget for the 2007 fiscal year that President Bush presented to Congress on Monday. The proposed 2007 budget would cut about $61 million from the Energy Department's budget. It proposes eliminating a $50 million-per-year research-and-development program that was authorized in the sweeping Energy Policy Act of 2005, which Bush signed in August. "Industry has the incentives and resources to do such R&D on its own," said a written statement from the White Office of Management and Budget. Additionally, the president has called for more funding toward developing alternative energy sources such as nuclear, solar and cleaner coal technology. But Mike Linn, chairman of the Independent Petroleum Association of America, counters, "It doesn't make sense to have an Energy Department that doesn't have a portion of its mission directed to America's largest energy resources." The IPAA, which represents companies that drill most of the oil and gas wells in the United States, said the Bush administration's focus on aiming research dollars toward alternative and cleaner fuels is misguided. Moreover, Linn said most of the exploration and research money distributed by the department has gone to small, lean exploration companies, not the large integrated oil companies that have been reporting record profits. Last week, Exxon Mobil Corp., the nation's largest oil company, reported U.S.-record profits for the quarter of $10.7 billion, as well as for the year ($36.1 billion). The 2007 budget, with a projected deficit of at least $354 billion, would increase spending for the military and homeland security, and hold back money for Medicare and other nondefense programs. (Full story) The budget proposal also calls for opening Alaska's Arctic National Wildlife Refuge to oil drilling, which Congress has previously rejected. In his State of the Union address last week, Bush also proposed increased funding for research into ethanol fuels to power vehicles. Ethanol is a cleaner-burning fuel that can be derived from crops such as corn or sugarcane. "Our goal is to make this new kind of ethanol practical and competitive within six years," he said.
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Thinkin' of a master plan 'Cuz ain't nuthin' but sweat inside my hand So I dig into my pocket, all my money is spent So I dig deeper but still comin' up with lint |
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02-06-2006, 07:36 PM | #2 |
Coordinator
Join Date: May 2002
Location: Jacksonville, FL
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how dare you think big business doesnt give a crap about ethics!! who would claim such things??!!
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02-07-2006, 07:32 AM | #3 | |
lolzcat
Join Date: May 2001
Location: williamsburg, va
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boohoo
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02-07-2006, 07:45 AM | #4 |
College Starter
Join Date: Nov 2000
Location: A negative place
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Trust me, they have both Bush and Cheney in their pocket. They're probably complaining just to make their buddy Bush look "tougher" on them.
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02-07-2006, 08:06 AM | #5 | |||
Pro Starter
Join Date: Oct 2000
Location: Muskogee, OK USA
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Quote:
This has nothing to do with ethics IMHO. However, I'm happy about the budget cut.
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02-07-2006, 08:24 AM | #6 |
Hall Of Famer
Join Date: Nov 2000
Location: Behind Enemy Lines in Athens, GA
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I thought for sure this would be a thread about Mike Holmgren.
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02-07-2006, 08:33 AM | #7 |
assmaster
Join Date: Feb 2001
Location: Bloomington, IN
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It's been way too long since someone used the word "wahmbulance". Good job, cartman!
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