Tuesday, June 28, 2005

Dump the Energy Bill

The United States Senate passed its version of the Energy Bill today on an 85-12 vote.

The estimated cost of the Senate bill per the Congressional Budget Office is $16 Billion over ten years in contrast to the House version which is $10.6 Billion*. The White House wanted a $6.7 Billion price tag. No doubt that after the House and Senate get out of conference committee, it will probably be closer to $20 Billion. Don’t worry though, we can always count on the White House for a veto

Both versions offer generous corporate welfare subsidies to agricultural interests in the form of ethanol subsidies. The House version would require a minimum of five billion gallons of ethanol be used by 2012. The Senate version calls for eight billion gallons. At an average subsidy of $.52 per gallon; the House and the Senate have voted to transfer approximately $2.6 Billion and $4.16 Billion of your tax dollars to Archer Daniels Midland and to a lesser extent, corn growers. All for an “energy source” that takes 70 percent more energy to create than it provides.

The Senate version would also require that public utilities produce at least 10 percent of their energy from wind, solar, or other “renewable” energy sources and would direct approximately $7.2 Billion in tax breaks to these industries. Well if you can consider something that requires taxpayer funding to be “viable” an “industry.”

In addition though, the Senate in its commitment to tax simplification, offered tax “incentives” for energy-efficient appliances and homes as well as gas-electric hybrid cars. Apparently it was lost on members of the World’s Greatest Deliberative Body™ that there are already “incentives” to encourage energy efficiency – they’re called higher prices.

As far as taxpayer funding for research into gas-electric hybrid cars, isn’t it good to know that in addition to eventually paying for the auto industry’s legacy costs, we can now pay for their R&D as well? What exactly is wrong with (a) letting a private industry pay for their own R&D costs and (b) letting them keep the profits should they materialize?

Both versions include about $1 billion in coastal impact assistance funds over four years to six coastal states with oil and natural gas production on the Outer Continental Shelf. The Senate defeated an amendment which would have allowed governors the authority to veto the siting of onshore liquefied natural gas (LNG) terminals off of the coasts of their States out of concerns for both security (apparently terrorists might want to attack something that has the capacity to explode) and environmental concerns. That’s federalism for you.

I suspect that many on our side will be fixated on the fact that the Senate version (unlike the House version) does not contain anything about allowing petroleum exploration in the Arctic National Wildlife Refuge.

Me, I’m a bit more distressed that we are being sold a bill which is pretty much pure pork lardened with corporate welfare and economic distortions. But that’s what you get when you rely on industrial policy rather than free markets for your “energy policy.”


* The House would like to claim that it’s actually “only” $8 Billion because their estimate relies on $2.6 Billion of revenue from the Artic National Wildlife Refuge. As someone who is weary of accounting gimmicks used to mask the cost of federal programs, I say let’s call it by its true cost.

5 Comments:

Blogger notme said...

So, one of my work responsibilities is to monitor Congressional and lobbying activity in the areas of M/M/SS - imagine my shock when I hit upon this sight and see a name from the past! There can't possibly be more than one politically active Thorley in the world can there? In any case, do you happen to remember chatting with a certain law student many moons ago? Drop me an email when you get a chance - lmmlaw00@yahoo.com

5:36 AM  
Blogger dwainprice6425 said...

St0ck For Your Review - FCPG

Current Profile
Faceprint Global Solutions (FCPG)
Current Price $0.15

A U.S. based-company dedicated to the goal of
bringing effective security solutions to the marketplace.

With violent and white-collar terrorism on the rise,
companies are starving for innovative security solutions.


FCPG is set to bring hot new security solutions to
the industry, with currently over 40 governmental and
non-governmental contracts, being negotiated.


Please Review Exactly What this Company Does.

Why consider Faceprint Global Solutions (FCPG)?

Faceprint Global Solutions (FCPG) holds the exclusive
marketing rights from Keyvelop, to sell the world�s
leading encryption technology to be distributed directly
to the Healthcare industry in North America.

Faceprint Global Solutions has completed its biometric
software that recognizes facial features of individuals
entering and leaving through airports, ship yards, banks,
large buildings, etc.

FCPG acquired Montreal-based Apometrix Technologies,
which enhances the companies mission of being a
full-service provider to the multi-application smart
card industry. The North American market appears ready
for significant expansion of price-competitive, proven,
multi-application solutions on smart cards. Apometrix's
forecast of over 300 customers and sales of more than $50
million in North America over the next five years, appears
very realistic, according to company management.


Faceprint Global Solutions is currently in contract negotiations
with over 40 governmental agencies and businesses seeking to use
their encryption, biometric, and smart-card technologies.

Breaking News for Faceprint Global Solutions (FCPG)

Faceprint Global Solutions (FCPG) is pleased to announce that
IBM will now offer the world�s leading encryption software to
its major Healthcare clients in North America.


With FCPG owning the exclusive North American rights to distribute
the worlds leading encryption and transmission software developed by
Keyvelop, FCPG is poised to capture large volumes of sales generated
by customers currently using IBM�s software in the healthcare and other
industries.


�This is a very positive move for FCPG and for Keyvelop,� said FCPG
CEO Pierre Cote. �We are very happy about the decision to go with IBM.
This is a continuation of the progress made by everyone associated
with FCPG and its partners.�

Buell Duncan, IBM's general manager of ISV & Developer Relations commented,
�Collaborating with Keyvelop will ensure that we develop open solutions that
are easy to maintain and cost effective for our customers in the healthcare
and life sciences industry.�

Among other things, this new software technology which is currently
being used by a number of European healthcare companies, is used to
send any file, regardless of format or size. Encryption keys, evidence
of transmission integrity with fingerprint calculation, time-stamping
of all actions and status record updating, pre-checking sender and
receiver identities, validating file opening dates are part of Keyvelop features.

About FacePrint Global Solutions, Inc.

FCPG operates a business, which develops and delivers a variety of
technology solutions, including biometric software applications on
smart cards and other support mediums (apometric solutions). FCPG�s
products provide biometric solutions for identity authentication and a
host of smart card- and biometrics-related hardware peripherals and
software applications. Apometrix, FCPG�s wholly-owned subsidiary,
combines on-card or in-chip multi-application management solutions
with best-of-breed �in-card matching� biometrics. Keyvelop�s secure
digital envelope solution and Apometrix�s on-card biometrics work
together to produce the winning combination in the fields of security,
traceability and identity management.

Conclusion:

The examples above show the Awesome, Earning Potential of little known
Companies That Explode onto Investor�s Radar Screens. This sto,ck will
not be a Secret for long. Then You May Feel the Desire to Act Right Now!
And Please Watch This One Trade!

GO FCPG!

Disclaimer:
Information within this email contains "forward |ooking statements" within
the meaning of Section 27Aof the Securities Act of 1933 and Section 21B of
the Securities Exchange Act of 1934. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs, plans,
projections, objectives, goals, assumptions or future events or performance
are not statements of historical fact and may be "forward |ooking statements".
"Forward |ooking statements" are based on expectations, estimates and projections
at the time the statements are made that involve a number of risks and uncertainties
which could cause actual results or events to differ materially from those presently
anticipated. We were paid a sum of three thousand USD to disseminate this information
from ir marketing. Forward loking statements in this action may be identified through
the use of words such as "projects", "foresee", "expects", "will", "anticipates",
"estimates", "believes", "understands" or that by statements indicating
certain actions "may", "could", or "might" occur. Risk factors include
general economic and business conditions, the ability to acquire and develop
specific projects, the ability to fund operations and changes in consumer and
business consumption habits and other factors over which the company has little
or no control. The publisher of this newsletter does not represent that the
information contained herein are true and correct.

6:13 AM  
Blogger 性爱 said...

I am totally nude come see me. Take a bit for all pics and movies to load.

Why do I do this I like to make men blow their jiz in their pants.

Visit me.激情

6:32 PM  
Blogger walterlando0405 said...

I read over your blog, and i found it inquisitive, you may find My Blog interesting. My blog is just about my day to day life, as a park ranger. So please Click Here To Read My Blog

3:58 AM  
Blogger philharolds6331 said...

Hey Meet Me Today I'm available in your area tonite GO HERE NOW!

2:46 AM  

Post a Comment

<< Home