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Stimulus Plan Energy Review

Stimulus Plan Energy Review

I spent some time reviewing the current version of the Senate Stimulus bill. This is the ‘compromise’ version led by Ben Nelson and Susan Collins. They have proposed a reduced bill size of approximately 780B dollars.

Change the Gas Tax

I propose a variable federal gas tax which would create a more fixed retail gas price, how is that for political speak. I think it is simple, let me explain. Set a target retail price for gasoline, and vary the federal tax collected as the price of oil increases or decreases. If market based oil prices rise, and the subsequent gas at the pump goes up then the federal tax is lower to maintain a gas price within a range.

Conservation Corps

Conservation Corps

A timely post from during the campaign, revisted now. Auto workers, manufacturing workers, college students, all need work. Work creates value, creates income, creates a better economy.

Green Fee Needed Now

Green Fee Needed Now

Impose higher federal and or state gasoline taxes now. Ok, I said it. Call it a ‘Green Fee’ if you want. Call it anything you want, but provide funds to continue the recent progress toward a greener economy.

The federal gas tax has been in place since 1932. Contrary to popular belief, all monies do not go to highways or infrastructure, in fact that didn’t even start until the 50’s, prior to that it was used to fund wars. Since 1980 the tax has increased dramatically from 4cents to 18cents per gallon. Yet, we still have a call from Obama and congress for Infrastructure spending for roads, bridges and the like. What have you been doing with the money Congress?

Oil Prices will continue to fall

Oil Prices will continue to fall

Oil prices have fallen to below $80 a barrel as of Friday October 10. The sell off has been in place for several weeks but was accelerated on Friday due to a widening economic crisis. I expect oil prices to continue to retreat, between $40 and $50 dollars by the end of the year would not surprise me. Why ?

Drill, Baby, Drill !

Drill, Baby, Drill !

Coal companies and Oil companies are defining the future energy plans of this country.

We are at a key moment in our economic, political and environmental futures. There is an increasing awareness of the need for energy independence and environmentally friendly energy. We have an opportunity to solve these legitimate issues in a far reaching, planet saving, approach or fall back on the easy way. I, for one, do not want to be part of a generation that takes the easy way.

Clean Coal ?

Clean Coal ?

Please stop talking about Clean Coal as some kind of solution for energy independence and/or global warming issues. It can not do either of these. Let’s use some common sense. Coal to replace gasoline ? Coal to replace home heating oil? We could build more coal fired electricity generating plants, but that does not reduce our dependency on foreign oil for the other two needs.

Obama must be reading MyGreenSuit

LANSING, Mich. – Barack Obama put forward a broad energy plan Monday designed to end U.S. reliance on imported oil within 10 years and shore up his standing amid a tightening White House race and high-anxiety over gas prices.

Cash for Clunkers – An Idea worth looking at

This idea has some advantages and some pitfalls, but in an age of energy and environmental crisis, it is worth considering. The annual cost of $8b to $20b, depends on how fast we want to ramp this program up.

Exxon Tax ? Can’t we be more creative?

The old tax’em when they are doing ‘too well’ government philosophy, is back in Washington D.C. The recent calls for a windfall profit tax against the oil companies certainly doesn’t support capitalism, fair play, foreign competitiveness, or sound economic policy. It is just plain silly.