May 28, 2008

CONGRESS CONSIDERS ENERGY MEASURES

As crude oil and gasoline prices soar and the summer road trip season begins, both parties in Congress are trying to demonstrate to the American public that they are taking action to lower petroleum prices.

For several months now Congress has been considering the reauthorization of the Farm Bill – which includes a controversial tax title with several biofuel provisions – as well as various energy-related measures. A number of Congressional proposals are now pending; some have been considered before, and several have met with great opposition.

For our readers, we have prepared an overview of the most critical energy legislation now under consideration by Congress. Please read it here.