Energy Bill

On August 8, 2005 President bush signed an energy bill. Basically incorporating a lot of tax breaks. Electric utilities will save 3.1 Billion over 10 years. The coal industry will save 2.9 billion and the oil/gas business will save 2.7 billion. Consumers will receive tax credits for rooftop solar panels, $500 for home energy improvements, and from $500 to $3,400 in credits for the purchase of hybrid gasoline-electric cars or other "cleaner" vehicles. There are two types of solar panels the majority of …

…new coal plant or $500 million for a gas-fired facility, which is quicker to build. The public is really beginning to accept Nuclear power. In 1995 the acceptance rate was 46% and 2005 70%. Regardless of finding more electrical sources, the problem of alternative fuel and foreign dependency is not really addressed. Yet the president poses one solution "If you do not need gas, do not buy gas--Conserve." Information came from BusinessWeek Sept 5/Sept 26 issue, and www.energy.senate.gov.