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Keywords For Abraham Spencer: Corporate Interests, Deregulations
BACKGROUND:
Abraham
is a Gingrich Republican and an ideological politician without much experience
but with deep ties to the oil industry. He lost his bid for re-election
to the Senate. Nevertheless, Bush scooped up this piece of senatorial refuse,
no doubt in the belief that he had made a shrewd move. At Harvard, Spencer
founded the right-wing law group the "Federalist Society". Abraham
even co-sponsored a bill that would have eliminated the Energy Department
and is a consistent supporter of legislation to allow oil and natural gas
drilling in Alaska’s Arctic National Wildlife Refuge.
AMMO
(Corporate Interests,
Deregulation)
FACT:
At a meeting of the Western Governors' Association, eight out of 11 Western
governors, including 5 Republicans and Democrat Gray Davis from California,
said they want wholesale prices for electricity capped throughout the region.
Attendees said they support a cap that would reimburse suppliers for operating
costs and permit profits of 15% to 25% above that amount, according to
the Wall Street Journal. The cap would be lifted when enough power is available
to create a truly competitive market among the 11 Western states that are
electrically interconnected. In the meeting, Energy Secretary Spencer rejects
their requests for caps on wholesale energy prices.
COMMENT:
So 25% profit is unacceptable in times of energy emergencies. It's understandable
though, the Enron-ilk, energy concerns can't possibly be expected to survive
on such paltry margins after being able to castrate California for billions
of dollars in the bogus "Energy Crisis" of 2001. |
