Tuesday, August 9, 2005

The Energy Bill

Good news for oil companies who get tax breaks to search for oil. Good news for solar panel manufacturers — if you go solar you can get up to $3,000 in tax credits. Spread that out over the ten years it will take to re-coup the expense of installing the panels… okay, it’s the thought that counts. And it’s good news for software writers who will find full employment in updating all of the programs out there that have built-in calendars in PDA’s, etc. Changing all the clocks to adjust to the new daylight-savings time parameters will keep them working overtime.

As Lou Dobbs noted on CNN last night, though,

Before signing the legislation, President Bush said the bill is the first step toward a more affordable and reliable energy future for Americans. But then in an understatement that won the quote of the day award this evening, he added, “This bill is not going to solve our energy challenges overnight.”

Interesting that he signed the bill in Albuquerque, just down the road from Los Alamos, and a little tweak at the former Secretary of Energy and now Governor of New Mexico Bill Richardson.