 Unconfirmed Sources report that the Bush administration has agreed to sell the EPA to an oil industry trade group. The details of the deal are still under negotiation but one key issue, the right to rename the agency had already been agreed upon.
The deal, being brokered by Karl Rove, is the latest in the administrations efforts to reduce the size of government by selling it to private corporations. This sale is not expected to raise much money for the federal government, but the operational saving will be tremendous.
One insider familiar with the deal said "This has got to be the best agency 'spin off' yet. This one is good for everyone and even the country. The Bush administration gets to cut the size of government and save a little cash, the oil industry gets to structure its own regulations and the public gets more energy."
Energy industry watchers are excited about the prospects of a captive regulatory agency. "The old EPA has always put up road blocks in the way of the energy industry. We are going to sweep away these impediments are really get down to business." said one of the oil industry negotiators.
Sources in Alaska have reported that there has already been increased activity in the area around the Arctic National Wildlife Refuge.
EPA staffers are concerned about their future in the new organization. They have been told to prepare to close down their offices and deliver their files to a local land fill for 'storage'.
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