With gasoline prices topping $4 a gallon, Senate Democrats wanted the U.S. government to throttle back on the billions of dollars in profits being taken in by the major oil companies. But with the White House threatening a veto of the bill, the Senate voted 51-43 to close debate, well shy of the 60 votes needed to avoid a filibuster.
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Category: Environment | Tags: consumer first energy bill, oil, senate, windfall profits tax
About the Author:
Timothy Hurst is the editor at Ecopolitology and Earth & Industry as well as the executive editor of the LiveOAK Media Network. He writes mostly about energy and environmental politics, clean tech, infrastructure and green business. When not reading, writing, or talking about environmental politics to anyone who will listen, Tim likes to ski, hike with his aging lab and get dirty in his Colorado veggie garden. Find Tim on Google+.