Wednesday, September 10, 2008

When will Congress act to promote alternative energy?


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They talk a good game, but the tax credits needed to boost the industry in a massive way are being held up. If and when Congress gets serious about removing our dependence on foreign oil we'll know it...they'll extend the tax credits that are set to expire this year.

This would not only be a major shot in the arm for the industry, but for our entire economy as well!!!
clipped from www.fool.com

Our politicians like to talk a good game about helping wean us off our dependence on foreign fossil fuels, but they won't let something like that get in the way of good partisanship.

T. Boone Pickens has been expending a lot of energy boosting the "Pickens Plan" to invest in natural gas and wind power. He might get more mileage if he devoted some of that time to persuading Congress to extend the tax credits that have helped fuel growth in the alternative energy field. If the credits are allowed to expire at the end of the year, the wind and solar industries may end up being as limp as a ship's sails on becalmed seas.

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