Tuesday, August 09, 2005

Energy Bill Factoids

When President Bush signed the energy bill Monday...
  • the price of oil hit $63 a barrel
  • the price of gasoline averaged $2.34 a gallon
  • the US imported 58% of it's oil
Analysts say the bill will do nothing to reduce the price of oil or gasoline. And with it, the US will still import 68% of it's oil by 2025.

But hey, special interests did get $14 billion of your money in tax breaks and pork projects. (WashPost)

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