Finally, logic is being met and progress is being made. This new congress didn’t meet my expectations starting out. But here is action we all can appreciate!

House rolls back oil company subsidies

WASHINGTON - The House rolled back billions of dollars in oil industry subsidies Thursday in what supporters hailed as a new direction in energy policy toward more renewable fuels. Critics said the action would reduce domestic oil production and increase reliance on imports.

The energy legislation was the last of six high-priority issues that House Speaker Nancy Pelosi, D-Calif., had pledged to push through during the first 100 hours of Democratic control. The bill passed by a 264-163 vote.
…

Democrats said the legislation could produce as much as $15 billion in revenue. Most of that money would pay to promote renewable fuels such as solar and wind power, alternative fuels including ethanol and biodiesel and incentives for conservation.

“The oil industry doesn’t need the taxpayers’ help. … There is not an American that goes to a gas pump that doesn’t know that,” said Majority Leader Steny Hoyer, D-Md. Pump prices topped $3 per gallon last year as the oil industry earned record profits.

The bill, Hoyer said, “starts to move our nation in a new direction” on energy policy.

Source: Yahoo! News