Rethinking Energy

Now that there seems to be some momentum behind fiscal sanity in Washington, I would propose that we revisit the Energy bill passed earlier this year that contained millions of dollars in giveaways to the oil companies.

There have been discussions on holding back the prescription drug benefit for a year or so to save money. If we can revisit this effort, why not the energy bill? Now that the windfall profits from all the major oil companies have been publicized and investigated by Congress, it seems obvious that they really don't need a bunch of government handouts. Let's repeal these craven giveaways to the President's cronies and put it towards reducing our dependence on foreign oil, deficit reduction or Katrina rebuilding. I would especially be behind new research on renewable energy sources or hybrids.