Green Options

Senators Robert Menendez (D-NJ) and Orrin Hatch (R-Utah) have sponsored the NAT GAS Act. This bill is aimed at giving natural gas the push it needs to become part of the cure for America’s oil addiction. Senator Reid (D-Nevada) is also an original co-sponsor.

“Each day, our nation consumes about 21 million barrels of oil- more than 25 percent of the world’s oil supply,” Reid said. And most of that oil comes from foreign soil. “With only 3 percent of the world’s oil reserves, we cannot produce our way to a safe and secure energy future,” Reid continued.

The new legislation would promote the use of natural gas over traditional oil by using tax credits. This legislation would, in effect, be an extension of the CLEAR Act - encouraging the growth of natural-gas infrastructures to go along with the current boom in hybrid-electric vehicles.

I was reading some recent headlines about Yucca Mountain, claiming the federal government will face heavy penalties and judgments if the project isn’t finished. Read beyond the headlines my friends, “we” fund the government, the money comes from our pockets, and it isn’t chicken feed.

The latest estimates are, that if Yucca Mountain isn’t finished until 2017, “we” will owe the utilities an estimated $7 billion in penalties, provided by law, because the repository isn’t finished. Bump completion time up another 3 years, and the bill goes up to about $11 billion.