Oil Prices May Drop, But So Will Dollar

WASHINGTON — Consumer prices shot up in June at the fastest pace in 26 years with two-thirds of the surge blamed on soaring energy prices.

The Labor Department reported that consumer prices jumped 1.1 percent last month, much worse than had been expected. Energy prices rocketed upward by 6.6 percent, reflecting big gains for gasoline, home heating oil and natural gas.

The big rise in prices cut deeply into consumers' earning power with average weekly wages, after adjusting for inflation, dropping by 0.9 percent in June, the biggest monthly decline since 1984.

The report on retail inflation followed similarly grim news on Tuesday that wholesale prices had shot up by 1.8 percent in June.

U.S. stocks looked to be headed for a mixed opening amid worries of how rising prices may affect the economy.

Federal Reserve Chairman Ben Bernanke told Congress on Tuesday that the Fed was concerned about the threats posed by rising inflation.

Bernanke said that the "upside risks to the inflation outlook have intensified lately, as the rising prices of energy and some other commodities have led to a sharp pickup in inflation and some measures of inflation expectations have moved higher."

Bernanke's comments underscored the bind the central bank is in, caught between a faltering economy that is struggling to overcome a prolonged housing slump and a severe credit squeeze, and the risk that inflation would move higher.

Many analysts believe that the central bank is likely to leave interest rates unchanged for the rest of the year out of concern that any tightening of credit policy could send the economy into an even worse tailspin.

http://www.huffingtonpost.c...

TomW ... hmm, bamboo skewers, protein, let's fire up the grill! 

Nancy, I've heard about the motion sensor device you're talking about. A friend of mine used one with success while battling raccoons, but it was in a confined space. Humane, absolutely, but unfortunately not practical for me on an acre with all kinds of other visitors, including chickens. If I set up motion detectors, water would be spraying all night!

I laughed at your reference to the "mating dance with howl." Cats can be even more disruptive to a good night's sleep than a drunken domestic dispute next door. At least you can call the cops on the humans. 

Anglo1, thanks for the cat trap offer. The cats out here aren't so bad ... there are only two or three and they don't mate, screech and hiss at each other all night like the Oleander cats. In my old neighborhood I borrowed a cat trap from a neighbor and had no success. There were two cats causing all the problems and no one could catch them. Like I said before, as long as they stay off my patio furniture, we can coexist peacefully! 

I bought a cat trap on line for about 65.00.  Works wonders with a little tuna placed inside.  Got rid of about 5 cats in less than a month a couple of years ago.  If you want to  borrow it let me know. 

There's a motion sensor available that hooks to a hose and sprinkler.  I've read it's really effective at keeping cats out of flower beds.  And it's humane.

I used to have cats get on my roof at night and do the mating dance with howl...wish I'd had a gizmo back then.  It was a pain to have to go outside and spray the roof.

vanityfair, I've got some friends who put bamboo skewers pointing up in their garden to keep the cats out.  Of course, there's really no point in having a flower bed that looks like it's designed for torture.

Maybe we can deep-fry the squirrels and gophers for protein. Or the feral cats that keep defacating on my grass. Just kidding. The cats out here are way less of a nuisance than those in Oleander. I'm softening a bit ... just as long as they stay off my patio furniture so I don't spend days scratching after sitting in a chair.

Chico..I just wanted to make sure everyone got it right when they bought my jewelry for Christmas.  :-)

Vanity, that's not a bad diet.  Get some protien grains in there and you'd be eating the same stuff that kept people alive for 1000s of years.

 Chico, recall *et all*... I studied botany for four years so I have a fair working knowledge of California plant life,big freaking deal. Filaree is one of the more common plants around,so I am familiar with it and those nasty seed dispersal devices that cling to your jeans and boots. I was just trying to inform you  and honestly thought  you would be interested in the info~ it will not happen again. BTW~ my stitches are just dandy,I suggest you check your own.

TomW, thanks for your response this morning. You guys clearly had an issue going on and I casually stepped in out of boredom as nothing interesting was happening on the blogs last night and I couldn't sleep. 

In response to your observations regarding our food supply, if I were charged with growing my own produce I would be dead for sure! Whenever I receive a plant as a gift I eye it warily, wondering how long it will be on death row. Fortunately for me, the previous owners of my house planted an orchard of fruit trees that are fairly well established. As long as the drip system works, I'll at least have apples, peaches, oranges and pomegranates.

OK -- Sage, Nancy, anyone else who might give a Hotel Sierra.............

I was being generic (I know on here a death knell....)

Up here we refer to fillaree as anything native ....... anything  but wild oats, barley, etc..... anything you might plant (dry farm)

So it can be a dogs breakfast of native thistles, weeds, grasses, even  the wildflowers you people like to see (if allowed to grow up)......

I said filigree as a joke (again dangerous around these parts) as it is a type of grass should someone so Google.......

It has other meanings as well (yes Nan sp is important)......

Just as I often just say cows when I could be talking springers, heifers, bulls, barrens, mommas, etc.......... it just makes conversation up here a lot easier and that's that.

Seems I ripped a stitch in the serger there (another esoteric analogy from wife who does knitting, crocheting, sewing, et al........) so I hope that puts native grasses being fillaree to rest for you at least to the extent I meant it.

know the diff BTW between a serger and regular sewing machine?  (I didn't)

*Noted* Nancy!  

I just thought I'd toss in the filagree comment just in case any of the bloggers were planning on buying me any jewelry.

That little car is mine and I do drive it often.  It's a plug-in totally electric. May not be that economical but I'm so crammed in where I live the biggest benefit is it's quiet.   Sage I saw this piece by Newt and thought about how almost every form of energy brought up by someone has its detractors.  Usually those that seem to forget how many people there are and how difficult it is to deliver enough affordable power to them and do it as clean as possible.  Wind power, solar power, wave power all have their opponents and negatives.   

I have an old friend that runs a small business similar to Chico's and he employees many that would, in most eyes be unemployable.  I told him once that small businesses like his are the backbone of this country.  

http://calphotos.berkeley.e...

Fila- buster more like it ,with you! Spell it how you like. Ha 

No debate Nancy,just stupid me trying to be nice...when will I ever learn?

By the way Anglo, I saw one of those vehicles in your picture at Longs on California Ave a couple of weeks ago and thought it was a golf cart.  I remember thinking, how the heck is that guy going to legally get home in that.  I didn't even notice that it might have had a license plate on it.  I saw another out at Four Seasons 55+ community last week.  Apparently they're popular in an area like that too.

The former was for my horses and cattle, the latter is my favorite jewelry.  There...hope that settles the debate.

fillaree or filagree? Ha!

""posted by ChicoEsquela on Jul 12, 2008 at 12:41 AM "my cows eat native fillaree.""     Your so mad you did not see I was merely trying to help you out by correcting a easily made error~ my bit for helping you out with your "awesomeness". Perhaps if I am more hostile and mocking it will help.

Sorry anglo~ I am just not smart enough for this one, but I think we need to really push alternatives, wind, solar, nuclear, sugar cane. Getting off the oil train makes sense~ so much so that the major oil company Mr.Sage works for (oh the irony!) is actively seeking out new ideas.

I don't expect to see a practical plan until George is out of the White House. I won't go into arguments and reasons why I think that, just a conclusion I have that has been verified by my Magic 8 Ball.

Sorry to hear about the cough and infection, anglo. It is bird flew, or west nile, or valley fever spores, or inhaled forest fire ash, or the bad air quality. Take two asprin, blog me in the morning. If you are not feeling better, there are several competent faith healers on this site who can help you out. 

Dr. Catpaw

I'm not ignoring you guys I just have a cough and infection that is kicking my rear.  I'll continue just reading for now, wish someone would give me their plan for 300 million + to have affordable energy in the future.  Later.

Back in the early seventies, they were saying that the Midway Sunset had only about 10 years of production left.  30 years later, and huge advancements in technology, the field is still going strong and becomes 100 years old this year or next, I think.  I don't think the left will even allow a detailed seismic study to get a better idea of the prospects at ANWAR.  To insist on relying on oil from foreign governments that do not have near the environmental regulations nor a sense of responsibility to their own citizens lives (re Mexico, Venezuela, Nigeria, name any middle east country) as the US is as irresponsible as causing a run on a bank by publicizing your concerns about its finances to get political points.

Didn't say I don't benefit from the  "system"  (if by that you mean our economy in general)

Quite the reverse actually.

You throw the term subsidy around so cavalierly it begs to be called into question. That's all.

The aquifers I draw from (several different levels) obviously don't end at me fence lines. Is that just another straw man argument or what?

When I sell beef at Overland, Famoso, etc. and it may end up in some kids school lunches, how is that a subsidy to me? I get cwt for on the hoof weight no matter where it ends up. Now if you want to be accurate, you might want to talk about the brokers or other middlemen in the system -- I get the same $/cwt no matter where the beef ends up.

You're right, Chico.  My statements were *designed* to have the same aggressive tone that is your stock in trade.  You'll notice that I only make statements of this nature when you veer off-topic and start attacking individuals.  I'm happy to play by any rules you want to set, but I'm not a "bring a knife to a gun fight" type.

As for subsidies, now you're shifting the goalposts a bit to talk about "direct" subsidies.  My point is that your industry is designed around this system of subsidies...or rather the system is designed by lobbists representing your industry.  The problem of course with proving just how much you benefit is that I don't know your acreage, your water use, your anything.  You say you're working the land and making food and that's a good thing.  For all anyone knows, both of us are 15 years old and living in our mom's basements.  Doesn't matter because it's not personal for me.  Where I take umbrage is when you attack posters on these blogs in a way that doesn't contribute to the discussion and doesn't make any sense since we all pull from the system, we all benefit from having money consolidated and shifted etc.

You say you're not pulling water or crop from outside your own land, you don't get a tax rate that benefits farmers, none of the meat you produce is being purchased for school lunches or by people using food stamps, on and on and on.  Again, I don't begrudge you a penny.  But if you're really not benefitting from a system that is designed to benefit people just like you, you're screwing yourself.

My whole point in posting is that we all do our time, we all contribute and we all benefit.

In deference to Cat I will try and cut down on my critter killin...........

(I think they would rather have me shoot them however than the other ranchers just poison em................)

 psst,filaree  is not native to California.

Neither is the  "white" man Sage. What is the point?

I always read Chico's blogs concerning oil and alternative energy. What he says about bio fuels (described on the  LS9 web site) are provocative and informative. I've additionally been looking at info regarding the proposed Chevy Volt. Calling Chico's (or anyone elses) livelihood into question is an argument I don't understand. What if the man sold shoes or owned a junk yard? The facts regarding alternative energy would be the same. (Thomas Edison changed the American society overnight. He never got past the 6th grade. The Wright brothers fixed bicycles for a living.) Citing ones profession or formal education is not a relevant argument.  [I will submit, however, that Chico will burn in hell for shooting squirrels.]

We have the technology and the OPEC nations know it. So does big oil. They also have a stake in high oil prices. Efficient bio fuel is messing with tens of billions of profits every quarter. I recently posted a blog regarding T. Boone Pickens and his "plan." The consensus seems to regard T. Boone's wind farm and natural gas alternatives as wishful thinking. According to network news, T. Boone has gotten attention because he is doing something instead of talking about it and he is, according to one journalist, "putting his money where his mouth is."

If alternative energies are going to be developed, private enterprise must be allowed to do it. George has made it plain that he is not going to encourage such research. He has opted to, in Lee Iocca's words, "follow his instinct" and solve the country's problems with an open border policy, an expensive mismanaged foreign war, and (I guess) dancing with a sword in Saudi Arabia and be told by a minister, "No, you ain't gettin' any more oil."

A point T. Boone was making is that the the next administration make alternative energy a priority, a subject both presidential candidates has given little mention.

The only possible nexus to a  direct "subsidy" that I get is the Williamson Act.

And I would be willing to take properties out from it if that were deemed so.

I still would like to see how I am subsidized by your tax dollars Tom.

I know I subsidize others, through tons of Property Taxes if nothing else.

So if you can explain to me how I am benefiting from a net subsidy (gain higher than all the taxes I pay especially property taxes that help keep even your county running) please oblige me.

I'll always pay my fair share but when you make a statement like:

I'm just laughing because you're knee deep in subsidies and then complain that someone got a retirement check.

Or

Great that you feel productive, but you're only in business because my tax dollars support you.  If you want to do something for the good of the order, why don't you start by paying the same price on water as the rest of us and pull the government nipple out of your whiny mouth.

Talk about  bullying. You can couch it however you want but whiny I am not and further, I do not live off subsidies, from you or anyone else. To assert so is disingenuous at best. Bitter envious blathering at the other extreme. Post some facts supporting your assertions about my operations or retract your statements. It is only fair. I haven't BTW attacked my subsidizing your  "industry" by all the taxes I pay which go to support subdivisions, zoning, and infrastructure on non-pasture ground that directly benefits people like you. And I can prove that.

And further, I don't need to see Obama in office to treat you to the best lamb or beef dinner you ever ate at Dutch Frontier. I need an  "excuse" to visit there again.........

vanityfair, sorry to come across that way.  None of that was directed at you.  I've got thing about bullies getting my dander up.  For me, talking to Chico is sort of like screaming into a pillow:  You feel a bit better but it doesn't change anything.  Anyway...

I hope I'm getting the sense of this right: I think the government is right to intervene and help adjust the market in certain areas.  Cheap food is a long standing American tradition and we shift billions of dollars annually (redistribution of wealth) in order to keep people on the land farming and producing.  There are two alternatives to this: one is the importation of food, which to my mind we do too much of anyway and; the second is let the cost of food rise to the point where the market will allow it.  The problem of course with a perfectly free market is that it doesn't care if people, even lots of people, die.  Of course, we could all just go back to growing our own food, but then we wouldn't have time to click on amazon ads on Bakersfield.com, and I think that solution is simply unpalatable.  :)

psst,filaree  is not native to California.It was brought here in cows stomachs and naturalized.

my cows eat native fillaree. I don't even dry farm anymore. I have my own wells and pull from aquifers under my own ground. On every place.

I have neighbors that do oats and barley but its still dry farming

You think I am subsidized because of my zoning? Ha! If I could get different zoning I'd sell out and move to Belize.

Because I pull water out of the ground that I could sell at market rate I am getting a subsidy? You're a laugh!

Until I sunk new lines and troughs I was trucking water in. No subsidies there. I could just as easily truck it out. Wouldn't make sense. Know why? Because you are fulla heifer byproduct that's why. I'll wash trucks out with it first. That's how much I could get for it at your  "market". You don't know what you are talking about boy and your minions that are worthless layabouts like TSM are not going to be able to help you in a decent argument because they as well know nothing.

As far as awesomeness, I'm beginning to believe more and more the truth in the adage  "birds of a Dem feather"........ you are about as knowledgeable about my operation as TSM. And that is faint praise indeed esse!

Wow, Tom, that was a bit hostile, but then, I haven't been following your exchange with Chico all along, just on this blog. 

I'm a little offended that you didn't respond to my comment that we would have no subsidies without intervention. Can't you throw a little responsibility the government's way? 

Off to bed.  Some of us have to really work for a living.  :)

Chico, what do you feed your cattle?  You grow your own crops with your own water?  I'm happy with my life and I don't care that you're chugging down tax money.  I'm not the one complaining about it.  I'm just laughing because you're knee deep in subsidies and then complain that someone got a retirement check.

And yeah, the "fact" that you pull water out of the ground that could be sold at market rate is a subsidy.  Try living somwhere that isn't exempted and dropping a well.  The horrible government lets you pull water that you didn't make out of the ground because of your zoning.  Try that on a different plot of land and you'd be screwed.  All good for you and it keeps the economy humming.  Heck, I'll vote for your lower rates, your land use, your grazing land, etc.  I support you all the way around.  You want to compare how much you and I make vs. how much we cost taxpayers?  Sure thing.

I don't care how much you pay in taxes, but if you want to prove your own awesomeness, why don't you bring your taxes along when you buy me dinner in November?  :)

Guys like you Big Tom, think you pay your taxes for people like me?

That's a laugh!

I'll match my AGI and ultimo effective tax rate with you any day.

Are you in fact doing 1031's (re Adam post) or similar exchanges?

Are you moving back here because your SF projects are going so well?

Revel in the revelations with your cohorts TSM, MP, ML, RF, buddy, but it sounds to me like you have come back down here because you are not getting any of the  "breaks" you accuse me of.

I'll just bet you get more  "breaks" from Govt than I do.

As I say, I have an on-going relationship with IRS as they do full field audits every few years and the FTB pretty much just oversees the results.

Can you (will you) subject yourself to similar scrutiny?

Lets do it man. I'll contact my resident agent Webster and lets just see.

You and your tax dollars subsidize me. Ha!

Not in your lifetime vato. Lets trot down this path. Fine with me.

I'm used to audits. I have 3 years at the ready and on any K-1 activity can go back 7 years.

Will be interesting to see how you fare.............

Anglo, the first thing that jumps out at me is that nuclear power doesn't do anything for oil.  Totally separate uses.  While I agree that increasing oil supply would lower the cost, we're talking about a spike in the market caused primarily by speculation and a rush of dollars out of the stock market and real estate.  All commodities have been spiking; from metals to food to oil.  If you want to ease oil prices, reregulate ICE futures.

Tom, "subsidized" only as a result of government intervention in the first place. :)

OK Big Tom -- just how are my water wells subsidized? Tell me big man. I'll give you details. You tell me, though, you made the statement.

And what other subsidies do I benefit from? Exactly? Don't throw crap like that out Mr. big  "house builder" without giving specifics.

Mattloch tried once with something he thinks he knows something about -- the Williamson Act -- ha!

Give me some specifics big developer-house builder -- just how am I specifically subsidized?

You might be surprised if you do some research.

I have my own wells, they are not subsidized, I have no allotments, no subsidies, and so how would I dry up if I pulled off subsidies (I get none). So your tax dollars support me Webster? Not in your lifetime esse. I pay more taxes of every kind than you do (but you can prove me wrong just do it) so you don't support me big man. If you think you do then delineate on here just how........

I pay

thousands each year in Tulare and Kern Property taxes -- what about you? (want to match APN's?)

also thousands in fuel taxes -- how about you (except for your travels between SF and Bak)

Sales Taxes (we both pay but lets compare) and I mean for business expenditures

As far as FTB and IRS I get my effective rate as low as I can and if you don't that is your decision.

And one can always tell about ones character by their minions who chime in and you certainly have proud minions with the Pee Wee Herman of the board TSM chiming in.

Your tax dollars support me....... that's a laugh Webster......... and if you want to get to that level I'll be willing to prove it.

Will you?

I have IRS and FTB Auditors doing field audits quite often. Do you want to meet with them so we can open our books (yours and mine to them?)

Mine already are............ you may not want to tread here vato, as I pay my taxes and have all the docs to verifty and I do not get any subsidies from Govt................. lets go down this path....... I'm willing

It's gotten to where I don't even have to crank up the organ before you put on your silly hat and start dancing around.

You've become a cartoon character.

for the love of all that is good and holy, a FREAKING CATTLE RANCHER shouldn't be telling ANYONE to get off the government dole

If he wasn't being a hypocrite, he'd cease to exist.

Chico, for the love of all that is good and holy, a FREAKING CATTLE RANCHER shouldn't be telling ANYONE to get off the government dole.  The land is subsidized, the water you give the cattle is subsidized, the water that feeds the crops that feed the cattle is subsidized, the crops themselves are subsidized.  Your margins and your business would evaporate in a week if you tried to pull it off paying fair market value for everything.

Great that you feel productive, but you're only in business because my tax dollars support you.  If you want to do something for the good of the order, why don't you start by paying the same price on water as the rest of us and pull the government nipple out of your whiny mouth.

Brill TSM  -- You don't even understand the tax carry forwards and what they mean. Do you?

Do you even pay taxes? If you did you would have a better idea of tax loss carry forwards and what they mean.

Since you are obviously a non-taxpaying  "citizen" you would not understand the concept. People like you who have no earthly idea of what you are railing about, keep railing about nonsense.......... IOW tax the people making the  "profits" who drill, lift, refine, and deliver the product.

Certainly the  "successful"  will always be the bane of the  "non-successful"

It has always been so............

TSM, do us all a favor and get a real job for awhile............. come back after a few years of making an honest living and then rail against those who work.......

Until then, you are just a yapping chihuahua latching onto the leg of the productive cits.............

At some point the cits will get tired of the chihuahua and shake the leg real hard and you'll be relegated to yapping somewhere else........... perhaps in one of your vaunted Scandinavian countries.......... who knows?    (just not here)

How many will be collected if the field are developed and the product sold

If Prudhoe Bay is any indication, it will be a net loss to the government.

BP and Exxon receive more money in tax breaks and subsidies than they pay in. It's been that way for years.

Cut out the tax breaks and subsidies to the oil industry and then we can start reaching a middle ground.

As Richard Dawson would say TSM:

GOOD ANSWER!

(of course as we all know he was about as in touch with the  "facts" and  "truth" as are you)

So that is the best you can come up with esse?

Res Ipsa Loquitur

That's about all that can be said at this point. You are a Democratick low level local operative, bitter against the  "machine" that has oppressed you (as you sit in your abode near Meadow Drive in Oildale) and kept you from attaining success (the American Dream)................ You look to Obama to  "make things right"  as he will give my (and others like me who are productive) money to you and your minions..........

That's great. As long as everyone understands that you and yours are the kind that just want to have income redistributed to your goodselves as you sit and pound away at your keyboard raging against the machine -- little understanding that it is the people like myself that provide the largess for you to do so...............

I've had cowdogs like you.............. they don't work............. they figure I will keep feeding them......... the other dogs round up,  do their job, don't ask for much except a bowl of food for a days good service..... eventually the ones that just sit around and piss and moan get traded off (become someone else's problem) or run out on Hwy and become road pizza............

Its the circle of life.................

In your world, the lazy cow dog (you) will be rewarded with a Govt program (in this case for cowdogs that won't work) and the ranch ops will continue on rewarding those that refuse to work............. at some point TSM your kind will grind the system to a halt............. we will have all cowdogs that are TSM's and no work will be done...........

But it will be OK because you have all the proper intentions (of work) you just will sit around and be very articulate about how and why you shouldn't need to work......... thus, we will be in 2008............... and, yes you may well win all the other cowdogs to your side......... as....... who would want to work if they don't have to?

So, you won............You and yours have won............ As Mattloch would say...... Congrats................

So do you have any ideas on how to help or just how to do nothing.  How many tax dollars are collected in Anwar now?  How many will be collected if the field are developed and the product sold?  More than now, right?  I'm interested in your ideas on making us less dependent on foreign countries while keeping our standard of living.

So prove me wrong on your living off of Govt largess

Why? You'd just lie about it anyway.

Prove to me you're not a dancing monkey in a funny hat.

I say you are an old bitter school teacher

I could be D.A. Jagels for all you know.

It's all mind over matter.

I don't mind, because you don't matter.

So prove me wrong on your living off of Govt largess TSM

Just what did you do for the good of the order in the private sector?

Hmmmmmmm? You throw around the term liar quite a lot.

Back it up. I say you are an old bitter school teacher who lives off of payments people like me make to your Phil Franey (Tax Collector) and others (incl school district taxes, and some that may be subventioned from the State... Prove me wrong

tax incentives [ for future profits and current costs] to private firms to do the R&D for reasonable alternatives would help

Tax incentives along with government research is what kick-started the solar, geo-thermal and wind industries.

Pretty much all successful technologies and innovations started with research within the government.

Tell the  oil companies Anwar is open for bid and I would bet you just might get some interest

It's hard to say.

Prudhoe Bay wouldn't have been developed if it wasn't for the USGS and Navy's exploration. The federal government sunk a bundle into finding the oil fields.

Today the oil companies will want the same largess from the feds. They won't build a gas pipeline from Alaska to the lower 48 unless the federal government pays for most of it.

And even then, studies show ANWR would have little impact on oil prices.

The last time ANWR came up for a vote in Congress, Republicans stripped a provision that would require the oil to be sold only in the U.S.  It could end up anywhere in the world.

Regardless, it will cost the taxpayers tens (if not hundreds) of millions in tax breaks to develop ANWR.

Sometimes, I know many on this site hate to hear this but, tax incentives [ for future profits and current costs] to private firms to do the R&D for reasonable alternatives would help.  Strict guidelines as to what was to be accomplished would need to be enforced and maybe a little look down the road as to the long term consequences of the alternatives.  Unlike the ethanol as it now stands.  Tell the  oil companies Anwar is open for bid and I would bet you just might get some interest.   Just looking for some discussion.

You have lived forever off of Govt largess.

Still lying about not posting on things you know nothing about, I see.

we will fall deeper into the abyss of no tangible energy alternatives.

You can thank Reagan in large part for that.

grist.org/news/muck/2004/06/10/griscom-reagan/

not one executive pushed for drilling in ANWR

 That's because, TSM, they know that misinformed people like yourself will just say:  "well it'll take 10 years to get any benefit......"

Of course they said that more than 10 years ago and will be saying it 10 to the nth power from now.

The reward will come from private incentive. But you can't understand that. You have lived forever off of Govt largess.

Keep up the talking points, meanwhile (while you Dems dither) we will fall deeper into the abyss of no tangible energy alternatives..........

Great plan