Disconnected Rumblings

Wednesday, July 27, 2005

Interesting

File this under: HMMMM.

$1.5 Billion Giveaway Secretly Slipped into Energy Bill, Waxman Says
"In a letter to Speaker Hastert, Rep. Waxman writes that after the energy legislation was closed to further amendment in the recently concluded conference, a $1.5 billion provision benefiting oil and gas companies, Halliburton, and Sugar Land, Texas, was mysteriously inserted in the text.
...
On the merits, the subtitle [added text] is an indefensible giveaway to one of the most profitable industries in America [Big Oil]. The provision establishes a $1.5 billion fund, up to $550 million of which would be dedicated direct spending, which is not subject to the normal congressional appropriations process.
...
The subtitle appears to steer the administration of 75% of the $1.5 billion fund to a private consortium located in the district of Majority Leader Tom DeLay. Ordinarily, a large fund like this would be administered directly by the government. The subtitle, however, directs the Department to 'contract with a corporation that is constructed as a consortium.' The leading contender for this contract appears to be the Research Partnership to Secure Energy for America (RPSEA) consortium, housed in the Texas Energy Center in Sugar Land, Texas. Halliburton is a member of RPSEA and sits on the board, as does Marathon Oil Company."
Interesting. Read the whole article, I find it to be very interesting, I wonder if anyone will notice the abuse that some in power are now perpetrating on our legislative process.

Nah probably not, its only $1.5 BILLION. Whatever.
posted by digitaljay @ 6:46 PM MST

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