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Along
with “fivedollaragallongas,” the energy watchword for the next few
months is: “subsidies.” Last week, for instance, New Jersey Senator
Robert Menendez proposed ending
some of the billions of dollars in handouts enjoyed by the fossil-fuel
industry with a “Repeal Big Oil Tax Subsidies Act.” It was, in truth,
nothing to write home about -- a curiously skimpy bill that only
targeted oil companies, and just the five richest of them at that. Left
out were coal and natural gas, and you won’t be surprised to learn that
even then it didn’t pass. READ MORE
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