Democrats to target oil majors in new US Congress

[jpak]

http://elections.us.reuters.com/extras/news/usnSP35424.html

WASHINGTON, Nov 8 (Reuters) - Big oil companies will be a top target of Democratic lawmakers when they officially take over the House of Representatives early next year.

Democrats picked up enough seats in Tuesday's U.S. election to win majority control of the House and have promised to roll back billions of dollars in tax breaks and other financial incentives extended to the oil industry in energy legislation Congress passed last year.

Democratic Rep. Nancy Pelosi, who is poised to be the next Speaker of the House when the new Congress convenes in January, says oil companies have unfairly earned record profits by gouging consumers at the gasoline pump.

Pelosi says taking away the financial relief given to Big Oil in last year's Republican-written energy law will be among the six major tasks Democrats plan to tackle in the first 100 hours after she slams the gavel to convene the new House.

<more>

[phantom power]

1. Music to my ears. Am I going to start getting used to "hope" again?

[MelissaB]

3. Beautiful, beautiful music...

:kick:

[YankeyMCC]

2. kick nt

[MelissaB]

4. And here's another great thread:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=115x71487

[gordianot]

5. Right, I also want to know why gas was $1.94 yesterday and is $2.16 today.

Same station has not been over $2.00 all month.

[Melissa G]

6. Pelosi Taking on Big Oil! Yeeeessss!!! n/t

[drm604]

7. Won't Bush simply veto anything they try to do? n/t

[Nihil]

8. Maybe, but every time he does it ...

... he moves one step closer to impeachment ...

[The2ndWheel]

9. Woohooo!!!

As long as she says nothing of our exponential consumption of energy, she's the greatest!!!!!!!!!!!!!!!

Once again, nothing fundamental ever changes.