Oil

Senate gas-prices hearing convenes Monday at Burlington City Hall (Burlington Free Press)

August 7, 2012

By Dan D’Ambrosio Joseph Choquette III of the Vermont Petroleum Association was on the hot seat Monday afternoon as Sen. Bernie Sanders, I-Vt., pressed him to explain high gas prices in the Burlington area at a Senate field hearing at City Hall. Noting that retail prices for gas in the Burlington area were down — even though […]

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Study: burlington gas merchants make more profit per gallon than anywhere in Northeast (Burlington Free Press)

July 13, 2012

By Sam Hemingway Here’s a “We’re No. 1” story about Vermont that few people in the state will be happy to hear. According to data compiled by an independent group that monitors fuel prices across the nation, Burlington ranks tops in the Northeast — and fifth in the country — when it comes to the profit local […]

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Sen.Sanders calls for federal investigation into high Vermont gas prices (Burlington Free Press)

July 3, 2012

By Sam Hemingway Vermont gas prices, particularly in the Burlington area, remain higher than anywhere else in New England, and that has Sen. Bernie Sanders, I-Vt., calling for a federal investigation to find out why. “Gas prices are going down all over the state, but they’re going down less in Vermont than in other states,” […]

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Sen. Sanders Editorial: Let’s End Polluter Welfare (Huffington Post)

May 20, 2012

By Sen. Bernie Sanders At a time when we have more than $15 trillion national debt, American taxpayers are set to give away over $110 billion dollars to the oil, gas, and coal industries over the next decade. Clearly, we cannot afford it. When the five largest oil companies made over $1 trillion in profits […]

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The Path to Progress: Ending Fossil Fuel Subsidies (The Nation)

May 18, 2012

By Peter Rothberg Last week, Senator Bernie Sanders and Representative Keith Ellison launched a new piece of legislation that would repeal $113 billion of tax-breaks, handouts and subsidies for the fossil fuel industry over the next ten years. Currently, the fossil fuel industry is generously subsidized despite the fact that it’s already the most profitable […]

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Sen. Sanders Editorial: Let’s end ‘polluter welfare’ (Politico)

By Sen. Bernie Sanders & Rep. Keith Ellison At a time when we have a more than $15 trillion national debt, U.S. taxpayers are set to give away roughly $110 billion to the oil, gas and coal industries over the next decade. We cannot afford it. The five largest oil companies made more than $1 […]

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Editorial: Time for a new approach (Brattleboro Reformer)

May 16, 2012

Vermont’s independent senator Bernie Sanders introduced legislation recently that, if passed, could kill the proverbial two birds with one stone: Reduce the federal deficit and help wean us off our over-dependence on fossil fuels. Last week, Sanders and U.S. Rep. Keith Ellison, D-Minn., introduced the End Polluter Welfare Act in the House and Senate. Sanders […]

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Lawmakers Urge U.S. Court to Uphold CFTC Speculation Limits (Bloomberg News)

April 13, 2012

By Silla Brush Wall Street’s challenge to U.S. regulations limiting speculation in commodities including oil and natural gas should be dismissed because Congress required the rules under the Dodd-Frank Act, 35 Democratic Senators and Representatives said in briefs submitted to a federal judge. The 2010 Dodd-Frank law “was designed and intended to make those position […]

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OpEd: Fossil-fuel subsidies: Helping the richest get richer (Los Angeles Times)

April 5, 2012

By Bill McKibben Last week, the Senate voted on a proposal by New Jersey Sen. Robert Menendez to end some of the billions of dollars in handouts enjoyed by the fossil-fuel industry. The Repeal Big Oil Tax Subsidies Act was a curiously skimpy bill that targeted only oil companies, and just the five richest of […]

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Senator presses Obama on futures trading curbs (Reuters)

April 3, 2012

By Alexandra Alper A Democratic senator urged President Barack Obama not to renominate the top U.S. commodities regulator unless he quickly implements trading curbs intended to dampen speculation and reduce fuel costs for Americans. Florida Senator Bill Nelson in a letter dated Tuesday sought swift action by Commodity Futures Trading Commission chief Gary Gensler to […]

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