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Energy Bill Update

40 Senators Vote to Weaken our Energy Infrastructure

By Jeff Siegel
Thursday, December 13th, 2007

Well folks, it looks like forty U.S. Senators decided today that it's more important to continue Big Oil's generous welfare package than to support a clean, domestic renewable energy infrastructure.

You know...one that could enable us to further our goal of breaking our addiction to oil. Something I'm sure those 40 bureaucratic scumbags will continue to shout from the rooftops while that special interest money continues to line their pockets.

Not surprisingly, we watched a number of renewable energy stocks tumble today. Though the good news is, renewable energy momentum is not dictated by the incompetence of our elected officials.

Bottom line: On a global scale, renewable energy integration continues to move at light speed. And even here at home, the market knows that those knuckle-draggers on the Hill can't magically put more easy oil in the ground. As well, they can't blink their eyes and make the reality of climate change go away.

Point is, don't let these little hiccups along the way keep you from seeing the big picture.

Renewable energy integration is happening with or without them. And that's what we need to stay focused on. Certainly if we lost sight of this reality a few years ago, we would never have landed the triple-digit gains we picked up from stocks like U.S. Geothermal (OTCBB:UGTH), Ormat Technologies (NYSE:ORA) and WorldWater & Solar Technologies (OTCBB:WWAT).

No matter how ineffective our elected officials are, the market will continue to reward real energy and security solutions...not complacency.

To a new way of life, and a new generation of wealth...

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Jeff

Editor's Note: From solar and wind to geothermal and biofuels, Green Chip readers want to know which renewable energy resource will take over where fossil fuels leave off. The answer is...all of the above!

There is no one single solution to today's energy crisis. However, the combination of all viable renewable energy resources, coupled with energy efficiency, conservation and smart grid development will not only lead us to energy independence and a cleaner, more sustainable energy infrastructure — but also to what will soon prove to be the greatest investment opportunity of the 21st Century.

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Comment by Howard LaRose on 2007-12-13

Please go to www.energygreen.biz for a proposed EPA approved process. Working on a relation ship with Washington Corporation International. Goto their web site. We have already contacted 4 big power companies and will be visiting after the first of the year.

Comment by Rodney Veit on 2007-12-13

What are the 40 senators?? Name them so I can write mine if on the list!

Comment by john on 2007-12-14

which senators don't deserve our vote in the next election....

Comment by jack wygle on 2007-12-14

Why don't we name these scums bags each and every time they vote for or with the oil interests.

Comment by Tom Healy on 2007-12-14

Wow! Great venting! Not so sure it was on the mark or helpful but it is attention grabbing. Perhaps some attention to why the bill was not accepted would be more useful. Accussing 40 senators of accepting bribes doesn't do much for your credibility or maturity in the public eye. I am a supporter of energy independence and practical solutions for alternative energy from coal, oil and nuclear power. I sympathize with your feelings but hope you can muster more leadership in this area if you have the desire. Wishing you good fortune. Tom

Comment by Doug on 2007-12-14

Well said Jeff, In the face of a climate disaster the greed mongers (Republicans)in the senate chose profit over the well being of the entire human race. God forbid the Oil companies sacrafice 1% of the 130 billion dollar profit to help promote clean energy. This administration has destroyed my faith in government like no other.

Comment by jeff on 2007-12-14

For anyone who "gets it" ,40 like this are counter indicators. Govt support will only slow us down.

Comment by Wesley J. Sugai MD, FAAP on 2007-12-14

The above article was so poorly written and uninformative that it sounded simply as a leftist manifesto. Don't get me wrong, as I am green. However, my Civic still needs gas and the BAD OIL companies still need cash to build out their infrastructure and roll cash into R&D, exploration, new refineries. Dimwit cities and states demand boutique gas supplies that drive up prices then complain at the higher prices!? C'mon you must have more grey matter up stairs than to be sucked into this MoveOn.org nonsense. If you do not understand simple economics, then you are in the wrong business. Name calling and grenade lobing articles have no place in investment blogs.

Comment by Steve Psaros on 2007-12-14

COULD YOU PLEASE PROVIDE THE NAMES OF THESE 40 ELECTED SELF SERVING OFFICIALS THAT VOTED AGAINST THE FUTURE SURVIVAL OF THIS COUNTRY.

Comment by gardenbug on 2007-12-14

Publish the names of the 40 senators so We know who to NOT vote for in the next election.

Comment by C.J. Langley on 2007-12-14

I enjoyed the article. It was succinct, thorough , and professional.

Comment by D. Easton on 2007-12-14

Get professional...because 40 senators just happened to vote in a way that doesn't line your pockets, does not mean they are scumbags (a very unprofessional term). Where's the proof that they are lining their pockets by there vote - a statement to that effect is very slanderous unless you really have proof. Without the proof, you loose creditbilty. It gives me the appearance that you just want the senators to vote so you can line your pockets.

Comment by arnie fiergang on 2007-12-14

As a new subscriber I am most pleased by Jeff's calling these senators what they truly are--scumbags! I am now a subscriber for life. The action or lack of it by these 40 louses, will cost our nation dearly and put our national intrests in peril as they nurse their corrupt agendas.
Well said, Jeff.I love honesty and forsight and you display both.

Comment by Haskell Werlin on 2007-12-14

Note that it only lost by one vote and tht could have been the Landrieu vote, a democrat from Louisiana, one of the poorest and most affected by climate change States in the US especially after Katrina....without the tax credits for wind and solar we can't attract the necessary levels of investment to reach 80% carbon emission reductions by 2050...IF this is a crisis of the same or greater magitude as WWII we need to get everty democrat on board and at least a dozen Republicans...I'd say the lobbying money is still with Big Oil and Coal and in special farnm state interests..We have a long way to go to shift the politics as usual to the solutions that Inslee and Hawken have laid out in Apollo's Fire...More activism at the State levels until we can elect a more supportive voice in the White House

Comment by Ao on 2007-12-14

I agree with you 100% on the oil issue. Even though Oil companies had record breaking profits, it's very important we still give those tycoons tax breaks while an emerging technology shouldn't deserve any.

Comment by on 2007-12-14

What about the other 60 senators? Did the bill pass or what? The article reads like someone is chewing on a rag.

Comment by Doug on 2007-12-31

I'm concerned about high gas prices but we would be very concerned about gas shortages. That would be very damaging to the economy.I think we have to be patient.

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