Word: oiling
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ExxonMobil spokesman Kevin Allexon told TIME that the company "shares concerns about the challenge of meeting the winter heating needs of those who cannot afford the cost." But "it is our view that government programs to assist low-income families with their heating-oil requirements are the best way to address these needs." Allexon is referring specifically to LIHEAP, the federal Low Income Home Energy Assistance Program. It is supposed to provide about $5 billion in home-heating-fuel aid, but in recent years it has seen only half that. President Bush even tried to reduce fiscal 2009 LIHEAP funding...
...unlikely, however, that the crisis will allow Washington to keep LIHEAP at that level in the next federal budget - making it just as important, say advocates, that one or more U.S. oil companies pitch in alongside Citgo. President-elect Barack Obama pledged during his campaign last year to force something similar: a windfall-oil-profits tax that would effectively make Big Oil fork over an "emergency energy rebate" for low-income households. But as his Jan. 20 Inauguration approaches, Obama seems to be backing...
...America's fat petro-cats will probably be off the hook again. They'll remain safe inside their arguments that heating-oil aid to the poor should be the purview of the government - as strange as that may sound coming from an industry that was so tight with an outgoing President who championed private charitable initiative over public handouts. What's left is the irony that for four winters now, hundreds of thousands of Americans have had more reason to thank one of the world's most anti-U.S. leaders than their own President or oil companies...
...last year contributed to a nearly 10% drop in first-class mail (that's individual letters to you and me), the worst loss in any mail category. Demand for deliveries has been further beaten down by environmentalists, who consider snail mail a waste of paper. Meanwhile, spikes in oil prices in 2008 drove operating costs for the Postal Service's fleet - which is 220,000 vehicles strong - through the roof. (Marking one financial bright spot, those surges have since subsided.) And perhaps most biting of all are the multiple billions of dollars the agency has had to dole out annually...
...expense of the window owner, money that Kinsley hopes to inject into the economy must first be taken out of it. Add in collection costs and the usual political malfeasance, and we have a net loss to the economy. There's more: Kinsley argues that last summer's high oil prices were essentially a tax on consumers; the money just went to oil companies instead of the government. But he forgets that oil companies do not have control over their prices. If they did, then why would oil prices ever drop? Kinsley's logic does not follow. Ryan Young...