Notice how the government does stuff the rest of the country will consider bone-headed always happens in the dark of night, or on a weekend?
The House held a rare Saturday session—just before skedaddling out of town for a break, and approved $16 billion in taxes on oil companies, and lined up billions of dollars in tax breaks and incentives for renewable energy and conservation. Their version of an energy bill must now be reconciled with a Senate versions.
The House wants to require investor-owned electric utilities to generate at least 15% of their electricity from renewable energy sources, like wind or biofuels. In a brilliant flash of myopia, however, the House bill fails increase domestic oil and natural gas production, or take further advantage of coal.
I predict the return of a variant of those popular bumper stickers from the ‘70’s—“Let ‘em freeze on a cloudless, windless day.”