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Strategies & Market Trends : Can you beat 50% per month?

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From: Smiling Bob	7/28/2005 3:56:31 PM
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Other major provisions in the legislation include: • Subsidies and tax breaks for wind, geothermal and solar industries and technology aimed at making coal more environmentally friendly. • New efficiency standards for commercial appliances from air conditioners to refrigerators. • Requirement for utilities to meet federal reliability standards for the electric transmission grid, hoping to avoid future blackouts like the one in the summer of 2003. • Easing the way for more imports of liquefied natural gas by giving federal regulators final say over import terminals. • Spurring construction of new nuclear power reactors by offering loan guarantees and "risk insurance" against regulatory delays for the initial units to be built. • A nationwide inventory of offshore oil and gas resources. Critics said they're concerned the inventory may lead to drilling in areas now off limits. A provision that had passed the Senate to require the president to find ways to reduce U.S. oil demand by 1 million barrels a year by 2025 was abandoned because of strong opposition from House Republicans and the administration. "We're going to have imported oil in our economy for a long time," Barton, a former petroleum engineer, told reporters, responding to criticism by some Democrats that the bill, despite its expansive reach, does virtually nothing to curtail growing U.S. oil demand.

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