The Week Ahead: The Week of June 11

By June 11, 2007Energy, Trade

Hope you had a restful weekend because this week runs hot and heavy in Congress on energy legislation, fundamentally shaping the business and manufacturing climate. So, here we go, a quick summary of the hot and a fast review of the heavy ….

  • The Senate is back at 2 p.m. Monday, with a political tussle of a “no confidence” vote over Attorney General Albert Gonzales (S.J. Res 14).
  • And then, energy, energy, energy. Planned is a cloture vote on S. 1419, the Renewable Fuels, Consumer Protection, and Energy Efficiency Act. The bill and amendments feature the critical energy issues of the year: market-distorting portfolio standards; ramped-up and unreasonable CAFE standards; “price-gouging” measures, i.e., price controls; Outer Continental Shelf development; some worthy coal-to-liquid conversation (and sequestration) incentives; and langugage on oil and gas royalties. Expect to see manufacturing-friendly amendments to the “price gouging” and CAFE provisions — More as the week progresses.
  • A non-energy hearing! Tuesday at 10 a.m. the Senate Finance Committee holds a hearing to examine trade enforcement for a 21st century economy. Details here.
  • Energy and appropriations are interconnected in the House, which meets today at 2 p.m. for legislative business. (No votes until the evening.) The House Natural Resources Committee returns to marking up H.R. 2337, the Energy Policy Reform and Revitalization Act of 2007. For “reform and revitalization” read “roll back important provisions of the 2005 Energy Policy Act.” NAM President Engler’s recent testimony on the bill is here.
  • The House has several appropriations bills on tap, including Energy and Water (mark-up summary here), and Interior and EPA (mark-up summary here.) Interior offers bad language to block access to the much-needed energy resources in Bristol Bay as well as to force renogotiation of royalty payment provisiosn in offshore oil and gas leases. Question: When is a contract not a contract? Answer….
  • Away from the Hill, the topic is…ENERGY. Energy Secretary Sam Bodman joins John Engler here at HQ at 11 a.m. Tuesday for a news conference announcing a Memorandum of Understanding with NAM to promote energy conservation. Lending a hand is Gary Veurink of Dow Chemical, who heads the NAM’s Energy Efficiency Ad Hoc Group. The DOE’s media advisory is here.
  • Another NAM-related news conference Thursday at 10 a.m., up on Capitol Hill, announcing the new legislative agenda forCoalition against Counterfeiting and Piracy. A powerhouse line-up, with the NAM’s Engler, Bruce Josten of the U.S. Chamber, Rick Cotton of NBC Universal, and Chris Singer for PhRMA.
  • President Bush returns to Washington tonight after his week in Europe. After the Gonzales vote, we’ll assuredly hear more about immigration this week. (Last week’s radio address on the topic is here. But did you see where the President met with small business owners in Albania? Worthy attention to free-market leaders in a former Communist hell-hole.
  • You can get to the House’s schedule for the week as a .pdf file by clicking here.

    Otherwise, the schedule of Senate committee hearings is available here.

    Join the discussion One Comment

    • SD says:

      The Heritage Foundation has a really interesting write up on the Energy Bill over at – http://www.heritage.org/Research/EnergyandEnvironment/wm1506.cfm. I don’t think that the average American consumer understands what is in this bill and how much its going to effect their wallets. In light of the recent gas prices I think a lot of people believe raising CAFE standards is a good thing, but not enough information is getting out there and being circulated about how its going to hurt the industry and ultimately hurt consumer choice amongst other things. http://www.drivecongress.com who I work with is doing a good job of getting info out there but a lot more attention is needed before this bill goes through and its too late. That website has a feature that lets you inform your representatives how you feel on the issue and I think its extremely important that we all get out there and at least do that ourselves.

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