Democrats setting sights on big oil « Thread Started on Dec 27, 2006, 10:06am » --------------------------------------------------------------------------------Democrats setting sights on big oil Priority is renewable energy, conservation By H. JOSEF HEBERTThe Associated Press--------------------------------------------------------------------------------December 27. 2006 8:00AM House Democrats in the first weeks of the new Congress plan to establish a dedicated fund to promote renewable energy and conservation, using money from oil companies. That's only one legislative hit the oil industry is expected to take next year as a Congress run by Democrats is likely to show little sympathy to the cash-rich, high-profile business. Whether the issue is rolling back tax breaks - some approved by Congress only 18 months ago - pushing for more use of ethanol and other biofuels instead of gasoline, or investigations into shortfalls in royalty payments to the government, oil industry lobbyists will spend most of their time playing defense. read at source> http://www.concordmonitor.com/apps/pbcs ... 13/48HOURS