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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Bearcatbob who wrote (156542)9/6/2011 5:21:27 PM
From: KyrosL1 Recommendation  Read Replies (3) of 206089
 
Would not Boone Pickens plan be a huge boost.

Good ideas Bob. In particular, federal subsidies to establish a CNG infrastructure perhaps along federal highways will be a potent job generator: Construction and manufacturing jobs to build the stations and supply them with NG. Jobs to convert trucks, buses, etc. to CNG. Savings from importing oil that stay in the country generating more jobs. Stabilization/increase in NG prices that encourage more exploration and production.

However, we need to ensure that gasoline stays permanently high to guarantee that private investment for mass conversion to CNG materializes. This means a high federal gasoline sales tax. We could use the proceeds from the tax to finance the building of the CNG infrastructure, thus avoiding increasing the deficit.
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