New $15b energy bill fuels policy debate

A new 1,700-page, $15 billion energy bill doesn't offer much near-term progress toward energy independence or relief from ultra-high gas prices.

A new 1,700-page, $15 billion energy bill doesn't offer much near-term progress toward energy independence or relief from ultra-high gas prices.

But it did provide plenty of fuel for special-interest groups, lawmakers, and the White House as they intensified the debate over national energy policy. Lost in the cross talk was some good news for consumers: tax credits for the purchase of certain appliances, hybrid vehicles, and home improvements.

Most frequent messages

1. Will do little in the short term to alleviate high gas prices or reduce foreign-oil dependence

2.Investing in domestic production of energy sources will lead to less foreign dependence

3. Gives billions of dollars in tax breaks and subsidies to energy companies and other industries

4. Does little to curb demand for gasoline or to promote renewable energy and conservation

5. Will take years to alleviate the problems of high gas prices and dependence on foreign oil

Based on an analysis of major-market news coverage appearing from August 8-10, 2005

Evaluation and analysis by Delahaye - a division of Bacon's Information

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