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Battle over energy policy still well underway.

This week?s Senate approval of a bill to reshuffle billions in subsidies and tax breaks for the oil, corn, coal, power and auto industries marked an important milestone in a sweeping overhaul of energy policy. But with the House preparing its own bill, and final details yet to be hammered out in a joint committee, the battle over how to carve up the energy pie is still well underway. With Democrats now controlling Congress, the new legislation largely reverses the priorities set forth in the Energy Policy Act of 2005, which gave tax breaks to the oil industry to help spur production of oil and natural gas.

Battle over energy policy still well underway.
xcel, Jun 24, 2007
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