--- The Fool <[EMAIL PROTECTED]> wrote: > http://www.time.com/time/magazine/article/0,9171,1101030721-464406,00.html > > > Why America is Running Out of Gas > Inflated oil prices and natural gas shortages are > wiping out jobs and > savings, thanks to three decades of bungled energy > policy. Get ready for more bungling
"...That's because Congress lost interest in conservation and failed to keep the pressure on the car companies. Lawmakers refused to set new mileage goals. Worse, they excluded from the existing requirements light trucks and suvs, the fastest-selling vehicles and the ones that use the most gasoline. Contributing even more to the trend, they extended an extraordinary tax benefit to the gas guzzlers, so drivers who used a vehicle for work could write off the cost on their tax returns�even as much as $38,200 toward a new Hummer H2 that gets only 10 m.p.g. As might be expected, consumption rose 1.5 million bbl. a day over the past decade, to 8.8 million last year. But for owners of pricey vehicles like the Hummer, it keeps getting better. The tax-cutting bill signed into law in May expanded the write-off to $100,000. ^^^^^^^^^^^^^^^^^^ ^^^^^^^^^^^^^^^ This is obscene: a huge tax cut for a gas-sucking penile compensator. Looks like I'll have to keep the thermostat even lower this coming winter - as if 63oF wasn't low enough! Spitdogs In Their Wicker Cages Maru >:/ __________________________________ Do you Yahoo!? SBC Yahoo! DSL - Now only $29.95 per month! http://sbc.yahoo.com _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
