Monday, August 06, 2007

Oil industry in US

Finally, the oil industry is getting attention from the US government. For all those people who bleat on about the millions of pounds of subsidy that renewable energy companies receive, here's an extract from the BBC news site today:

"The draft law details support for "clean" energy sources like biofuels, wind, solar and geothermal resources. It would withdraw some $16bn (£8bn) in annual subsidies from the oil industry."

Obviously, it is opposed by Bush, who is entitled to veto it, but at least it's an indication that people who matter in the US government are starting to realise that there are other ways of generating energy.

Sixteen billion dollars is quite a lot of money, though a tiny fraction of what has been spent invading the middle east in recent years to support America's oil addiction.

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