Shame on Obama for his silly Electric Car Obsession!
Shame on Congress for doing nothing for years!
America's Oil imports will shrink 50% over the next several years and jobs will be created as this CHEAP CLEAN "Bridge Fuel" to the Future is established for cars & trucks across our Nation!
can only serve 2 terms. That silver tongued Socialist is so deep in Labor pockets that he's having trouble handing out our last tax dollar to the professional Welfare families!
As a free market conservative who sees the potential for natural gas as a transportation fuel, I have mixed feelings about the government getting involved with tax breaks, subsidies, etc through the nat. gas act. Let CLNE and others make it on their own with private investors only. If the opportunity is that great and their approach is cost effective compared to gasoline or diesel, let it compete in the market without special government backing. Otherwise, risk/reward calculus for institutional investors or private individuals gets skewed just like solar, wind, biofuels etc. Once the subsidies are gone, the business case may no longer make sense, and while the subsidies were in place, the companies had less incentive to develop the technologies and business plan for a non subsidized world so they are ill prepared for when the subsidies end.
Big Oil, being extremely rich, does not need the investment incentives or anything provided by the government. Every time you fill up your tank - you are helping send part of the 1 Billion per day out of this country. You can wait for the private sector Nat Gas industry to convert trucks in a slow poke kind of way, or re-direct the money that is already provided Big Oil to promote a faster transition to Nat Gas for heavy transportaion to include building out the refueling infrastructure. There is such a thing as investing in the USA, that will pay off in a big way - such as thousands of new high paying jobs, and yes those people will pay taxes.
The problem is governments don't "invest". They take money from one part of the private economy and redirect it into another part of the economy where the private sector was not willing to invest its capital. There is usually a very good reason for the private sectors market driven decisions and this kind of government interference ignores those market signals at its own peril. I'm all for use of natural gas in transportation if the private sector is willing to do it on its own. I'm less enthusiastic if the government starts sticking its nose into yet another part of the private sector.
Ayn Rand is dead, and so is that philosophy. BIG oil has been in control for decades. Manipulating the supply and price. Not to mention its control over our corrupt legislators. But even if it didn't have that control...some companies can and do become so powerful that they keep us away from better ideas. BIG OIL does not want NG to compete. It wants Middle East Oil
no matter how it drains our wealth. Some don't even want the EPA to exist.
We've seen what happens when government is "lax" and lets business do its thing. The Gulf Oil disaster, lead in childrens toys from China, poisoned pet food. Glass Steigal was removed, put in place right after the great depression. So the banks once more became casinos, causing world wide financial devastation. Where would GM be now, if the government didn't bail it out..."gone"..and along with it. tens of thousands more jobs. No thanks.