chefdennis
Veteran Expediter
You think we have had high prices for fuel and gas this past year, you ain;t seen nothing yet!!
This Bailout bill is 451 pages long and filled with liitle things like this that have nothing to do with the banking industry,
I ahve been reading it in little bits, here is a nice item that will drive fuel and gas prices higher then anything we have seen.
Yup, that will provide an incentive as Peak Oil hits. This country is run by morons.
Production is going down, natural gas wells are sitting because of the cost to bring them on line right now and then add this to the picture, LOL, and this is just 1 of the many things in this bill that are going to bring this country to its collective knees!!
This Bailout bill is 451 pages long and filled with liitle things like this that have nothing to do with the banking industry,
I ahve been reading it in little bits, here is a nice item that will drive fuel and gas prices higher then anything we have seen.
Page 234, TITLE IV - Revenue Provisions, Sec 401
LIMITATION FOR DEDUCTION OF INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION OF OIL, GAS, OR PRIMARY PRODUCTS THEREOF
Effective January 1, 2009, the tax deduction for discovery, pumping, production, processing, or transport of these products due to domestic production is reduced by 3%.
Yup, that will provide an incentive as Peak Oil hits. This country is run by morons.
Production is going down, natural gas wells are sitting because of the cost to bring them on line right now and then add this to the picture, LOL, and this is just 1 of the many things in this bill that are going to bring this country to its collective knees!!