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  • rahbii rahbii Oct 3, 2008 4:25 PM Flag

    California now in trouble

    Proposition 10 is a $5 billion dollar bond that will ultimately cost
    the California taxpayer $10 billion dollars over 30 years. Proposition
    10 will displace over 720 milliion gallons of diesel and gasoline
    annually, saving California consumers over $3.3 billion dollars in
    fuel savings each year. Multiply that by 10 years and the California
    consumer saves $33 billion dollars in fuel cost savings alone,
    assuming gasoline and diesel prices stay where they are today.
    However, the future price of oil is likely to rise sharply as
    countries like China and India continue to grow their economies and
    Russia and the Middle East continue to nationalize their resources and
    cut off their energy pipelines to the West.

    Having a simple understanding of AB 32 (the Global Warming Solutions
    Act of 2006) and the extensive pollution generated at California's
    ports, Proposition 10 should help California businesses meet impending
    tough greenhouse gas regulations established by the California
    legislature and keep critical jobs alive for California's growing work
    force. In fact, Proposition 10's support of clean air vehicles and
    renewable power generation will create “green jobs” and a “green
    Industry” right here in California. California-based companies like
    Zap, Tesla, Phoenix Motor Cars, all who make battery-electric vehicles
    only stand to benefit from Proposition 10.

 
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