The Rising Influence of Rising Affluence

[flatlander_60048]

Gas Act amendments to transportation bill shot down in Senate

Oakes you'll probably side with the Koch brothewrs on this. As I indicated, I side with TBP and think it is ok for government to front the money knowing that a payback is written into the bill. I think we will see it pass once the amendments are added to protect the chemical manufacturing industries.

I'd worry more about providing incentives to the wind energy industry. This seems like it has the potential to become another Solindra (sp). The wind energy production tax incentives seem to be encouraging the production of energy that is not economical at a time when energy prices are already depressed due to low nat gas prices.

FL


http://www.reuters.com/article/2012/03/14/us-usa-transportation-natgas-idUSBRE82C17420120314