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Republicans' Ace in the Hole: Simpson-Bowles?

debir Wrote: Dec 01, 2012 7:12 AM
price of natural gas in the US is roughly 75% cheaper than the intl price. Such a dramatic difference in price in the same commodity, energy, won't exist for long. Likewise, the huge discrepancy between the price of energy in the form of natural gas compared to energy in the form of oil won't last for long either. 2 things are happening, which'll cause prices for energy to equalize. 1st traders will find ways to export US natural gas, moving supplies into foreign countries where the price is higher. 2ndly, domestic consumers of energy will shift from using expensive sources, like diesel, coal, to vastly cheaper sources, like natural gas. That's exactly what's happening right now with the US's biggest energy consumers. They're making the
debir Wrote: Dec 01, 2012 7:13 AM
switch from diesel to natural gas right now in America.

Waste Management, North America's largest commercial waste Co recently added its 1,000th natural gas truck to its fleet last summer.

It's committed to converting its entire fleet of 18,000 trucks from diesel to natural gas.

For every truck that's converted to natural gas, an average of 8,000 gallons of diesel fuel will be saved a year per vehicle. That's a savings of over $19,000 in savings per truck.

You don't need a mandate from Congress to make these kinds of changes when the economics are so compelling. So, as you'd expect, W-M isn't the only big Co making the switch.

Wal-Mart, AT&T, UPS, FedEx, PepsiCo, Verizon are just a handful of the names converting to NG.

P-Stansberry

Democrats appear to have the upper hand on the politics of the fiscal cliff, which might explain their brash pronouncements and mind-blowing conceptualization of "compromise."  This morning I outlined three possible contingencies for Republicans, none of which is especially attractive.  But is there a fourth way?  The GOP's dilemma is a doozy.  Their opponents, emboldened by the election, are pushing for counter-productive tax hikes on "the rich" -- a politically popular...