“While we believe this is a very worthy program, we think it is a bad precedent to have private industry support a federally funded program.”
- James Mulva, chairman, Conoco, Joint Hearing with Senate Commerce, Science and Transportation Committee on Energy Pricing and Profits (Reuters, 11/09/05). Mulva, while refusing to contribute record profits to the Low Income Energy Assistance Program, was more than happy to receive billions in government welfare . President Bush reminded Americans on 8 August that the energy bill “will strengthen our economy...improve our environment, and...make this country more secure. The Energy Policy Act of 2005 is going to help every American who drives to work, every family that pays a power bill, and every small business owner hoping to expand...we need to conserve more energy; we need to produce more energy... It provides incentives for oil refineries to expand their capacity, and that's consumer-friendly...The bill includes tax incentives to encourage new construction of natural gas pipelines. ..I'm confident that one day Americans will look back on this bill as a vital step toward a more secure and more prosperous nation that is less dependent on foreign sources of energy.”
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