I wrote a few days ago that the word from The Hill was that the Democrats were going to revive the rescission of tax breaks for the oil industry and try again to extend tax credits for renewables. Reuters reports that this is definitely on for after the Presidents' week break. See this in which House Ways and Means Committee Chairman Charlie Rangel is quoted: "The American taxpayer should not be subsidizing oil and gas companies during times of record profits and record prices at the pump. Instead, we need an energy plan that reduces our dependency on foreign oil and invests in clean, renewable technology that will create jobs here in America." Here we go again. Fasten your seatbelts.
