Bush Energy Bill would Raise Gas Prices and Oil Demand

Oh well, they are oilmen after all. I think I heard Molly Ivins say, "You gotta dance with them that brung ya."

Link: http://www.americanprogressaction.org/site/pp.asp?c=klLWJcP7H&b=100480

A 2004 analysis by the administration's Energy Information Administration found that the Bush-backed energy bill will actually raise gas prices and increase oil demand nearly 14 percent by 2010. And that's even after profit-flushed oil and gas companies are flooded with subsidies. The energy bill lavishes fossil-fuel firms with $515 million in authorized spending from the U.S. government, including "$125 million to reimburse oil and gas producers for 115% of the costs of remediating, reclaiming, and closing orphaned wells."