Misternatural 0 #1 December 19, 2007 President Bush has just enthusiastically signed the new energy bill drafted and passed by congress. Granted these bills incorporate a glut of detailed mandates, it included some very encouraging petroleum alternative technologies. The bill includes a mandate for increased ethanol and biodiesel production and usage including provisions for non corn based ethanol. It also includes tax incentives for fuel cell, hybrid, and clean diesel vehicles, also funding for clean coal technologies. Although I have been very critical of the Bush Administrations policies in the past I think he has done a great service in this signing.Beware of the collateralizing and monetization of your desires. D S #3.1415 Quote Share this post Link to post Share on other sites
shropshire 0 #2 December 19, 2007 There is such a ground swell of public opion, he didn't really have much choice, I don't s'pose. At the end of the day, he hasn't done a great thing. He's only put his X against many, many other peoples work. (.)Y(.) Chivalry is not dead; it only sleeps for want of work to do. - Jerome K Jerome Quote Share this post Link to post Share on other sites
nerdgirl 0 #3 December 19, 2007 QuotePresident Bush has just enthusiastically signed the new energy bill drafted and passed by congress. Do you have a link to the bill? I know that Senator Domenici (R-NM), known as "St Pete" to Sandia and Los Alamos National Labs, stayed back in DC last week for the debate/voting (when he was scheduled to be in Albuquerque). VR/Marg Act as if everything you do matters, while laughing at yourself for thinking anything you do matters. Tibetan Buddhist saying Quote Share this post Link to post Share on other sites
Elisha 1 #4 December 19, 2007 http://www.washingtonpost.com/wp-dyn/content/article/2007/12/19/AR2007121900815_2.html?hpid=topnews This is the disappointing part of the bill: Not everyone was happy at the end of a year of haggling and lobbying. To secure passage for the bill, congressional leaders dropped a tax package that would have reduced breaks for the biggest oil and gas companies and extended breaks for wind and solar projects. "We're pretty disappointed," said Rhone A. Resch, president of the Solar Energy Industries Association, which sought an extension of the investment tax credit that expires at the end of next year. "Clearly the most important provisions for us were left on the cutting-room floor." Resch said that because of long lead times for big solar projects, "we will see the U.S. market for solar start to shrink rapidly by the second quarter of next year." Quote Share this post Link to post Share on other sites
billvon 3,118 #5 December 19, 2007 Yeah, it isn't perfect, but it's pretty good. I don't think it would have passed without all the oil company pork in it. Quote Share this post Link to post Share on other sites
rehmwa 2 #6 December 19, 2007 Quotecongressional leaders dropped a tax package that would have reduced breaks for the biggest oil and gas companies and extended breaks for wind and solar projects. reduced breaks for .... companies extended breaks for .... projects Wwhat would have happened if an oil or gas 'company' wanted to develop 'projects' in wind and solar energy? ... Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants Quote Share this post Link to post Share on other sites
freethefly 6 #7 December 19, 2007 QuoteYeah, it isn't perfect, but it's pretty good. I don't think it would have passed without all the oil company pork in it. It confirms who controls congress. Big Oil."...And once you're gone, you can't come back When you're out of the blue and into the black." Neil Young Quote Share this post Link to post Share on other sites
quade 4 #8 December 19, 2007 QuoteIt confirms who controls congress. Big Oil. Gee, I thought that would have been settled just by looking at the President of the Senate.quade - The World's Most Boring Skydiver Quote Share this post Link to post Share on other sites
JohnnyD 0 #9 December 19, 2007 "We make a major step ... toward reducing our dependence on oil, fighting global climate change, expanding the production of renewable fuels and giving future generations ... a nation that is stronger cleaner and more secure," said the president. Um, don't look now, but the pres believes in GW. I'm covering my ears and eyes as I wait for the exploding heads. Quote Share this post Link to post Share on other sites
Amazon 7 #10 December 19, 2007 QuoteI'm covering my ears and eyes as I wait for the exploding heads. Watch out for the corn cobb shrapnel Quote Share this post Link to post Share on other sites
Elisha 1 #11 December 19, 2007 QuoteQuotecongressional leaders dropped a tax package that would have reduced breaks for the biggest oil and gas companies and extended breaks for wind and solar projects. reduced breaks for .... companies extended breaks for .... projects Wwhat would have happened if an oil or gas 'company' wanted to develop 'projects' in wind and solar energy? They probably could get their normal subsidies/breaks and just put their green initiatives under regular "R & D". Just my cynical guess... Quote Share this post Link to post Share on other sites
rushmc 23 #12 December 19, 2007 It will be interesting to follow the reactions once what is really in the bill is learned. Some is starting to come out now "America will never be destroyed from the outside, if we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln Quote Share this post Link to post Share on other sites
Misternatural 0 #13 December 19, 2007 Hey, I just like to hear him say "nucular" besides he could have Vetoed it for any given reason. I mostly appreciated his positive demeanor as it does help to further the cause.Beware of the collateralizing and monetization of your desires. D S #3.1415 Quote Share this post Link to post Share on other sites
nerdgirl 0 #14 December 19, 2007 Quote It will be interesting to follow the reactions once what is really in the bill is learned. Some is starting to come out now Such as? Cut to the RRW program was in this omnibus bill, yes? (the Sen Domenici connection) VR/Marg Act as if everything you do matters, while laughing at yourself for thinking anything you do matters. Tibetan Buddhist saying Quote Share this post Link to post Share on other sites
rehmwa 2 #15 December 19, 2007 QuoteQuoteQuotecongressional leaders dropped a tax package that would have reduced breaks for the biggest oil and gas companies and extended breaks for wind and solar projects. reduced breaks for .... companies extended breaks for .... projects Wwhat would have happened if an oil or gas 'company' wanted to develop 'projects' in wind and solar energy? They probably could get their normal subsidies/breaks and just put their green initiatives under regular "R & D". Just my cynical guess... no, it sounds like the proposal was to reduce the 'normal' subsidies and breaks Would they reduce the 'normal' breaks, and then turn around and give them new breaks for solar and wind projects? Or would they not get the new breaks for doing the same research as non-oil companies as punishments for originally being an oil supplier? Does the bill also include anything about increasing existing capacities or is it just the conservation side of the coin only? ... Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants Quote Share this post Link to post Share on other sites
Misternatural 0 #16 December 19, 2007 Sorry I'm not good with links,and I don't have a copy of the bill but here's a news brief, Im sure you have already found a better source.http://www.whitehouse.gov/news/releases/2005/07/20050729-9.html[url]Beware of the collateralizing and monetization of your desires. D S #3.1415 Quote Share this post Link to post Share on other sites
1969912 0 #17 December 19, 2007 Here: H.R. 6 http://thomas.loc.gov/cgi-bin/query/z?c110:H.R.6: "Once we got to the point where twenty/something's needed a place on the corner that changed the oil in their cars we were doomed . . ." -NickDG Quote Share this post Link to post Share on other sites
Andrewwhyte 1 #18 December 19, 2007 Quote Does the bill also include anything about increasing existing capacities or is it just the conservation side of the coin only? It does, but the focus is on renewable supplies rather than petroleum. Quote Share this post Link to post Share on other sites
Misternatural 0 #19 December 19, 2007 >>Rhone A. Resch, president of the Solar Energy Industries Association,sought an extension of the investment tax credit that expires at the end of next year. "Clearly the most important provisions for us were left on the cutting-room floor." Heres a correlation to the stock market- As the buzz about this bill circulated in late November, solar, and ethanol stocks both climbed sharply, they include; Ethanol stocks- Verasun, VSE Archer Daniels Midland, ADM Pacific Ethanol, PEIX Earth biofuels, EBOF Solar stocks- Solarfun, SOLF First solar,FSLR Evergreen solar, ESLR SunPower, SPWR So far neither of these stock groups have shown much reaction to the changes in the tax package, You would think that solar stocks would take a sharp drop. Tax concession probably will not affect investment potential as investors are driven mostly by projected earnings. disclosure: of these I only own VSEBeware of the collateralizing and monetization of your desires. D S #3.1415 Quote Share this post Link to post Share on other sites
lawrocket 3 #20 December 19, 2007 It also provides for the death of the incandenscent lightbulb in the US. My wife is hotter than your wife. Quote Share this post Link to post Share on other sites
billvon 3,118 #21 December 19, 2007 > It also provides for the death of the incandenscent lightbulb in the US. Oh, I think the lowly incandescent will be around for a long, long time. Some applications just beg for them. But for most home lighting, fluorescent, CF and LED will begin to dominate. That's already happened in commercial properties. Quote Share this post Link to post Share on other sites
Elisha 1 #22 December 19, 2007 Quote Solar stocks- Solarfun, SOLF First solar,FSLR Evergreen solar, ESLR SunPower, SPWR So far neither of these stock groups have shown much reaction to the changes in the tax package, You would think that solar stocks would take a sharp drop. Tax concession probably will not affect investment potential as investors are driven mostly by projected earnings. disclosure: of these I only own VSE Not necessarily - it is a setback, but not that huge, as most financial incentives (tax credits, loans, grants, etc.) are state/utility/local driven and not federally. I think it was still a mistake though. Quote Share this post Link to post Share on other sites
Misternatural 0 #23 December 19, 2007 Hehehe- check out provision 501 and 521, installation of photovoltaics on the energy dept. building, and the feasibility study for roof panels on the capitol complex, now thats hilarious - Didn't Reagan have solar panels torn off of the white house?Beware of the collateralizing and monetization of your desires. D S #3.1415 Quote Share this post Link to post Share on other sites
nerdgirl 0 #24 December 19, 2007 QuoteHehehe- check out provision 501 and 521, installation of photovoltaics on the energy dept. building, and the feasibility study for roof panels on the capitol complex, now thats hilarious - Didn't Reagan have solar panels torn off of the white house? On the "Energy Dept" or on the Main Energy Dept Forestal (sp?) Building downtown DC? The Pentagon has solar farm in front of it -- as you drive into South Parking from Arlington (110). The only I could find on the web was http://capitalsungroup.com/pentagontube.htm. VR/Marg Act as if everything you do matters, while laughing at yourself for thinking anything you do matters. Tibetan Buddhist saying Quote Share this post Link to post Share on other sites
lawrocket 3 #25 December 19, 2007 QuoteDidn't Reagan have solar panels torn off of the white house Yep. In 1986. As far as I know, 21 years later, there are still no solar panels on the White House. My wife is hotter than your wife. Quote Share this post Link to post Share on other sites
