Wednesday, November 4, 2009

Reid an "Absolute Convert" to T. Boone Pickins Plan, Promices Tax Breaks, Incentives & More.....

Natural gas gets attention where renewables ruled

On eve of clean energy summit, Reid voices support for fuel some see as bridge to future

By Alexandra Berzon, Las Vegas Sun

Monday, Aug. 10, 2009 | 2 a.m.

Sen. Harry Reid wants tax incentives for new Pal BigPig Oilman T. Boone Pickins, for conversion of natural gas to vehicle fuel.

In remarks to the media setting the stage for today’s National Clean Energy Summit in Las Vegas, Sen. Harry Reid spent a good deal of time voicing support for tax incentives to convert natural gas to fuel.

The idea came from natural gas entrepreneur T. Boone Pickens, and Reid described himself as “an absolute convert” to the idea.

It was an unexpected introduction to Reid’s second annual star-studded gathering of people interested in promoting clean energy, which runs today and Tuesday at Cox Pavilion on the UNLV campus. The Senate majority leader has been a champion of renewable energy — and natural gas is not a renewable resource. Neither is natural gas extraction a big industry in Nevada.

But natural gas is considered cleaner than coal and oil. And advocates of clean energy say that although wind, solar and geothermal are still the ultimate goal, natural gas can serve as a bridge resource that can reduce carbon emissions while the nation develops those renewable resources.

Last year, the two top needs identified by those at the summit were a long-term extension of tax incentives for renewable energy production and more transmission lines for renewable energy.

Congress approved the tax incentives a few months later as part of the bailout of financial institutions. Transforming the grid and other key suggestions were addressed in the economic stimulus bill, and others are included in the climate and energy bill, which was passed by the House in June but is held up in the Senate.

But the movement toward renewables was slowed over the year by a powerful counter-force: the crash of credit markets. That crash, combined with logistical challenges, has led to slower development of renewable energy than anticipated last year, conference participants said in interviews last week.

As development of renewables sputtered, natural gas gained some momentum as prices dropped 70 percent. Prices are expected to stay low as producers have discovered vast new supplies through new technology that allowed them to drill through dense rock.

Pickens, who built his fortune on natural gas, is an example of the changing energy landscape. Last year he introduced a plan to have cars run on natural gas converted to fuel, and to build wind farms and other renewable energy plants. But last month, he announced he was postponing plans for the largest U.S. wind farms because of difficulty accessing credit and connecting to transmission lines.

With Pickens’ involvement, Reid introduced legislation last month separate from the energy bill to create tax breaks for buying natural-gas-fueled vehicles.

Bloggers Note:

Reid to T. Boone; "You know, as I told (ex)Congressman Burns waaay back in 04',...Nevada has a problem with all them dern "wild" hosses on the public lands. They are the only things standing in the way of our development plans...."

T. Boone to Harry Reid; "You gimmie my tax breaks and I'll git dem hosses offin' yer lands fur ya's."

Reid to T Boone; "Let me talk to my pal Big Sal and see if we cant come up with a plan."

Thus was born the "Salazoo Plan" to remove our wild horses (and burros) off of their historic rangelands and into privately run "Salazoos" and "Pickins Preserves.".

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