Green EnergyEnergy that fits in with the ecosystem

Why is there a lack of initiative from the Bush Administration on Alternative fuel research?

Republican’s argument for cutting taxes is that it is “proven effective”. O.K. Jimmy Carter proved during his administration that government spending in alternative fuel research via investment initiatives and government grants drops oil prices substantially, as the cartels move to destroy the profit-making potential of energy alternatives. How can one explain this administration’s lack of initiative in this area when 1. Our national security is at risk and 2. It has been proven effective at lowering oil prices.

Money. GWB’s largest campaign contributors come from the energy sector. The Carlyle Group, of which Bush Sr is a member, is heavily invested in oil, especially in Saudi Arabia.

Investment in alternative fuels would require “rethinking” the oil company written “national energy policy”. It is impossible for BushCo to “rethink” anything. Rethinking something would imply that mistakes had been made.

Thee Staple King – all sexist comments aside, the government already subsidizes the record profit-earning oil companies.

The 2005 energy bill dedicates more than $8.5 billion in tax breaks over the next 10 years to oil, natural gas, coal, nuclear power, and electric utilities. After the bill was out of committee, our friend Mr. DeLay snuck in a $1.5 billion fund designed to funnel taxpayer money to oil and gas companies, with some $1 billion of the fund to be administered by a private consortium composed largely of — you guessed it — oil and gas companies. Coincidentally (cough), the consortium is based in DeLay’s home district in Sugar Land, Texas.

As for solar and wind power, plus conservation and efficiency initiatives, over the next 10 years they’d collectively see about $4.3 million a year (yes, million not billion) in tax breaks.

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One-year extension of the ARRA grant for Specified Energy Property.(American Recovery and Reinvestment Act of 2009): An article from: The Tax Adviser $9.95 This digital document is an article from The Tax Adviser, published by American Institute of CPA’s on April 1, 2011. The length of the article is 1457 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: One-year extension of the ARRA g…