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Automakers & PHEVs: Between “Barack” and a Hard Place
During the last few years of the Bush administration, the EPA was directed to ignore California’s pleas to grant it a waiver of the Clean Air Act.
Why? The grant would effectively have permitted California to enforce stricter emission rules its legislature had enacted a number of years before.
The EPA dragged its feet because as many as 16 other states were considering legislation modeled after California’s – with one notable difference: emission rules even more stringent than California’s.
The automakers lobbied Bush administration officials to oppose California’s request. And it’s not hard to understand why: They’re struggling just to…
20Mar2009 | Investment U | 0 comments | ContinuedPlug-in Hybrid Electric Vehicles: The Only Roadblock to PHEVs
Several weeks ago, I wrote here about how I believe natural gas makes sense as a bridging strategy to get us from oil over to electric as a source of energy to move us around.
Of course, the most vocal proponent of this has been T. Boone Pickens, with his “Pickens Plan.” Many have argued Pickens is only pushing the plan as a means for personal gain. I don’t believe it, for several reasons:
- First, Pickens isn’t hurting financially. Quite the opposite: He has made a fortune in the crude oil business, and his
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6Feb2009 | Investment U | Comments Off | Continued
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