Energy speculation bill fails; Inhofe gets dizzy from his own spin
by Plutonium Page
Fri Jul 25, 2008 at 05:50:25 PM PDT
Lots of gnashing of GOP teeth in the Senate today:
The Senate failed to advance legislation targeting oil speculators after Republicans and Democrats remained at an impasse on adding an expansion of offshore drilling to the bill.
The chamber voted 50-43 — well short of the 60 votes needed to limit debate on the measure that would have addressed manipulation in the oil futures markets, primarily by adding more regulators at the Commodity Futures Trading Commission. Democrats had said the bill was the logical first step towards solving high gas prices since speculation was a large part of the problem.
GOP senators wanted to add language that would expand offshore drilling and pledged to block floor action unless they received a chance to amend the Democratic bill. Democratic leaders said they wanted to limit amendments for practical reasons — the chamber expects to adjourn in August — and because Republicans’ real goal was to protect oil companies.
In other words, the motion to invoke cloture was defeated. There were 43 Senators voting to continue a filibuster of the bill, including James Inhofe (R-Exxon).
He votes to continue a filibuster... and then he puts out this unbelievable mountain of craptacular spin, accusing the Democrats of trying to cut off debate on gas price relief:
Democrats [sic] Attempt to Shut Down Energy Debate Fails
"Today's vote shows that Republicans are willing to stand up and fight to ensure the Senate stays focused on providing solutions to rising energy prices," Senator Inhofe said. "When Democrats allow the Senate to reopen for business on the issue of bringing down energy costs, I am ready to put forward amendments to encourage the development of natural gas vehicles, prolong the feasibility and production from our marginal oil and gas wells, address the market distorting subsidization of fuels in other countries, and repeal federal prohibitions on importing fuels from the Canadian oil sands.
"Republicans in the Senate are serious about providing solutions to rising energy costs. I will continue to stand with my Republican colleagues to ensure the Senate holds a fair and open debate on the need to increase energy supplies. I believe a large majority of Senators will vote in favor of amendments to open responsible access to America's plentiful energy resources. Democratic leadership knows this as well. That's why they're blocking a full and open debate."
Wow. Just... wow.


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