In case intentionally meddling with health care town halls wasn't distasteful enough for you, the opposition to the energy bill in Congress has taken up the same tactics. According to WSJ.com, "In the weeks before the U.S. Senate takes up climate-change legislation, the oil industry and other opponents of a proposed federal cap on carbon dioxide emissions seek to build a political firewall that will stop the legislation in its tracks." The tactic they used? To WSJ again: More than 3,000 oil company employees on Tuesday flocked to a downtown Houston venue to listen to anti-climate bill spokesmen. . . The attendees were handed yellow T-shirts with slogans like Higher energy taxes wipe out American jobs." A lot of them were bused in by their employers and asked to send letters to their Senat...
Cleantech Stocks vs. Oil
Cleantech investing isn't about finding the next big field or formation. It doesn't rely on finding the next property with enough oil to satiate global demand for — let's face it — a few months or, best case scenario, a year or two. In a world that consumes 60,000 barrels of oil per minute, large finds these days are the equivalent of adding a few drops of ketchup to the bottle that's been upside down in the fridge for weeks. At that rate, the 10.5 billion barrels of estimated recoverable oil in ANWR would last a whopping 121 days. And remember, that's expensive oil — not the cheap stuff that squirts out of the ground. The latter hardly exists anymore. Any bet on oil is really a referendum on when demand will once again outpace supply. It's a good bet, don't get me wrong. . . b...
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