September 8, 2016 |
By David WilliamsEnvironmental activists are on the verge of writing their anti-energy agenda into the tax code. A national activist coalition just delivered a letter to the Senate calling for the passage of the FAIR Energy Policy Act, which would eliminate $4 billion in annual tax breaks for the oil and gas industry. The letter denounces these breaks as ill-gotten gains, complaining that "for too long, America has subsidized the oil industry's bottom line at middle-class Americans' expense.
March 20, 2016
ISSUE | MAYOR KENNEY'S PLAN Take stock of needs Mayor Kenney plans to issue at least $300 million in bonds to improve the condition of public parks, recreation centers, and libraries. But before we move forward on this initiative, it would be helpful to consider: City facilities are in appalling condition because the city can't afford to maintain them. Issuing $300 million in bonds is just going to dig the hole deeper. How many recreation and library facilities do we have, and how many did we have in 1970, when the city's population was 22 percent larger?
May 19, 2014 |
The struggle of oil vs. biofuels has split the industrial and political elites in Philadelphia, as it has elsewhere. Delaware River oil refiners and their energetic new owners - Carlyle Group, Delta Airlines, PBF Energy - are doing their part to process the output of the vast, new North American energy fields. Oil arrives here by train, pipe, and barge to fuel what they hope will be an industrial renaissance and a projection of renewed American economic power overseas. Together, these oilmen prevailed on Philadelphia Democrat U.S. Rep. Bob Brady to urge Vice President Biden to help delay Environmental Protection Agency guidelines mandating the use of more ethanol (corn-based alcohol)
July 26, 2012 |
WASHINGTON - In an election-year swipe at President Obama's energy policies, the Republican-led House on Wednesday voted to revoke Obama's five-year plan for offshore drilling, replacing it with its own plan that calls for more ambitious oil and gas development off the U.S. coast. The legislation will likely go nowhere in the Senate and the White House has issued a veto threat, but as with the tax and regulatory bills the House is also taking up this month, it puts lawmakers on the record on the issues that divide the two parties.
July 19, 2012 |
KNOW HOW a summer cold, likely caused by walking into freezing AC after walking along melting streets caused by global warming (IS NOT! IS TOO!) can just put you in a mood? That's where I am. So my tolerance for the billion-dollar nonsense masquerading as a presidential campaign is at this point really, really low. The RomBama stuff about Bain and who's a liar, about tax returns and who's a sneak, about who most loves the middle class and who's an elite, disconnected (fill in the blank)
September 2, 2011 |
Question: After regular service by my heating-oil provider, I was told our tank is showing some rust on the bottom and will need to be replaced. Aside from wishing to avoid such an expense, there also is a logistical concern. My 113-year-old home has a small stairwell with a landing-and-turn that is even more limited in size. I have no idea how they managed to get our old, 275-gallon tank down there. One contractor suggested replacing it with a smaller 130-gallon tank, but even that may not fit. Another suggestion was to remove the old tank and convert to a gas-fired boiler, but despite potential long-term fuel savings, the upfront costs are too prohibitive.
May 18, 2011 |
WASHINGTON - Senate Democrats tried Tuesday to channel public anger at $4-a-gallon gasoline into passing a bill to repeal federal tax breaks and subsidies for five major oil companies, but they fell short. After bashing Big Oil in a hearing last week, Senate Democrats mustered fewer than the 60 votes they needed under Senate rules to move the bill to a final vote. The final count was 52-48. Three Democrats - Sens. Mary Landrieu of Louisiana, Mark Begich of Alaska, and Ben Nelson of Nebraska - voted against the measure.
May 13, 2011 |
WASHINGTON - Motorists are paying around $4 for a gallon of gasoline while the oil industry reaps pretax profits that could hit $200 billion this year. That makes another big number hard to take: $4.4 billion. That's how much the oil industry saves every year through tax breaks intended to promote domestic drilling. That was the background Thursday for a Senate hearing that flogged oil-company chief executive officers - and no senator bothered to pretend it was about making gasoline prices more affordable or helping the economy recover from the recession.
May 13, 2011
ABOUT 300 million years ago, as closely as we can reckon, sea algae and giant ferns died and began to be pressure-cooked beneath the Earth's surface. Some 150 million years later in the Cretaceous period, reptiles the size of construction cranes started dropping like flies, and their decaying carcasses were added to this primordial ooze. Today, their refined remains are going for $4 a gallon, assuring dinosaur-size profits for an industry that has grown bloated on this Paleozoic windfall.
May 7, 2011 |
NEW YORK - After a run-up of more than 85 cents a gallon in the last three months to just shy of $4, average U.S. pump prices are about to start falling and could hit $3.50 by summer. Relief will come soon - though you probably won't see much change this weekend - because oil prices fell 15 percent this week, the steepest decline in 21/2 years. Oil hit a two-year high of $114.83 a barrel in Monday's trading. It closed Friday at $97.18. The plunge was part of a sharp sell-off in commodities this week.