S.3044 - Consumer-First Energy Act of 2008

A bill to provide energy price relief and hold oil companies and other entities accountable for their actions with regard to high energy prices, and for other purposes. view all titles (5)

All Bill Titles

  • Short: NOPEC as introduced.
  • Short: No Oil Producing and Exporting Cartels Act of 2008 as introduced.
  • Official: A bill to provide energy price relief and hold oil companies and other entities accountable for their actions with regard to high energy prices, and for other purposes. as introduced.
  • Short: Petroleum Consumer Price Gouging Protection Act as introduced.
  • Short: Consumer-First Energy Act of 2008 as introduced.
 
Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
05/20/08
 
 
 
 
 
 
 

Latest Action Jun 11, 2008Motion to proceed to measure conside... Related Bills (3) & Issues (60) Users Tracking S.3044 (9)

The proposed legislation would: *Repeal $17 billion in tax incentives for oil and gas companies at a rate of 25 percent *Create a windfall-profits tax for the top five major oil-and-gas companies; *Make price-gouging for gasoline a federal crime. *Require the Secretary of Energy to suspend acquisition of petroleum for the Strategic Petroleum Reserve through 2008 *Limit the price impacts of excessive speculation by preventing traders of U.S. crude oil from routing their transactions through off-shore markets

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Recent News Coverage

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06/16/08
OPINION: Americans Need Relief From High Energy Costs

The Consumer-First Energy Act, S. 3044, which I co-sponsored, addresses the root causes of high gas prices by holding the big oil companies, speculators, ...

Source: Southern Maryland Online, MD
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06/13/08
Crude ideas about crude oil

Exhibit A in the case against congressional Democrats as wise stewards of the energy economy is S. 3044, which failed to advance Tuesday after it got too ...

Source: UI The Daily Iowan (subscription), IA
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06/13/08
Bursting the Oil Bubble

Unfortunately, the Senate failed to end debate on the Consumer-First Energy Act, S. 3044, which would have reined in speculators. ...

Source: Center For American Progress, DC
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Recent Blog Coverage

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01/03/09
Senator Boxer’s [Biiiggg] Oil Response to California ...

I am proud to be an original co-sponsor of S.3044, the Consumer-First Energy Act of 2008. This important bill would impose a windfall profits tax on oil companies to discourage price gouging and to help consumers offset the high costs ...

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12/10/08
» Survey Shows World Opinion Strongly Supports Emissions ...

Time for a New Green Deal (100%); Climate Change Talks Conclude in Paris (93%); It's Official: EPA Throws Climate "Under the Bus" (93%); Senate Minority Blocks Renewable Energy Tax Incentives (H.R. 6040) and Bows to Big Oil (S.3044) ...

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11/11/08
The Shifting Senate

Consider the voting on the "Consumer First Energy Bill of 2008", S.3044, which in addition to a 25% tax on "windfall" profits of the major integrated oil companies--over and above the taxes they already pay--would have allowed OPEC to .

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