Thursday, April 21, 2005

House Approves 12 Billion Dollar Energy Package

The house approved a 12 Billion dollar energy bill backed by the White House that contains incentives to increase production of crude oil, natural gas, coal, nuclear and other uses. This bill is going to allow there to be drilling in Alaska's arctice National Wildlife Refuge. Will this bill help to lower gas prices? Gas prices are getting too high these days. I think the government is hoping as prices will drop so that high travel costs won't effect summer vacations. If people are traveling in the summer they won't be spending money. The government hopes that this bill will lower gas prices and help the economy. In the long run I don't know if it is wise to invade the National Wildlife Refuge. Do you think this bill will create any significant changes in energy prices?

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