The great energy hoax

The House recently passed something called "New Direction for Energy Independence, National Security, and Consumer Protection". As we have learned over the years, politicians of both parties have an inate ability to provide the exact opposite of legislative effect in the title of major bills. This is no exception. It provides $16 billion in new taxes on oil companies. If you believe that higher taxes on oil companies will make them provide us more energy and not pass added costs on to consumers, you are as stupid as politicians like Nancy Pelosi think you are. She described this legislation as the "energy policy of the future". That would be sad.