FLASHBACK: Republican Bill Gives Billions In Tax Breaks For Oil Companies

Washington Post Jim VandeHei, Justin Blum April 27, 2006 at 09:55 AM
READ MORE: George W. Bush

President Bush signed the first national energy legislation in more than a decade on Monday, hailing the measure as a smart way to make Americans more secure and less dependent on foreign oil.

At a bill-signing ceremony at the Energy Department's Sandia National Laboratories, Bush said the new energy policy will go a long way toward weaning Americans off imported oil by encouraging the domestic production of oil and natural gas and greater use of cleaner-burning, domestic energy sources such as nuclear power, ethanol and liquefied natural gas.

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