Monday, August 2, 2010

Poison Pill: The New Senate Energy Bill

"The latest Senate energy bill, quietly unveiled last week, looks like sweet compromise on radical measures like cap and trade, but buried within is a bitter poison pill that will could be swallowed in a vote that may come this week." [American Thinker]

  • an astounding electric car welfare program. Section 2116 explains that 400,000 such vehicles will be virtually given away at low cost -- or perhaps no cost -- to people living in "selected communities diverse in population" and "demographics."
  • pages 264-265 require that any new construction or remodel of an existing structure must include the installation of proper hookups for charging an electric vehicle. So even if you have no intention of owning such a car, adding that extra bedroom will require you to spend additional money to install battery-charging infrastructure in your garage.
  • to switch from traditional petroleum to natural gas. Section 2002 describes federal rebates, ranging from $8,000 for large pickups to $64,000 for heavy-duty Class 6 trucks weighing 26,000 pounds,
  • the code -- which supersedes all state and local measures ...... "The Home Star Retrofit Act of 2010." This Act places a hard squeeze on every property owner to spend thousands of dollars in environmental compliance upgrades in a time of economic stringency and falling home prices

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