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Old 01-18-2007, 11:03 PM   #24
Fainnamoony

Join Date
Oct 2005
Posts
513
Senior Member
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Expect prices to go up, possibly drastically. The House democrats are passing legislation today that will increase costs to the oil industry which will be passed down to consumers as always. It will also discourage domestic oil exploration. This is of course if the Senate passes and Bush signs.

Search Results - THOMAS (Library of Congress)

And for you neolibs who prefer to be told what to think - House Democrats target Big Oil with higher fees, taxes - CNN.com
How about subsidies? Taking them away will produce the same outcome. It will decrease the amount going to the bottom line and discourage domestic oil exploration. Or are you in favor of welfare?
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