Archive for August, 2006

How the ‘Grand Oil Party’ Got Its Name

Wednesday, August 16th, 2006

Amidst the pork in the Energy Policy Act of 2005 was $6 billion in subsidies to oil and gas companies1. At the time Congress passed the act, the five biggest oil companies had just posted record profits of $52 billion for the first half of the year2. Republicans voted 87% for the act [...]