NAT GAS Act

Sun, 2011-12-04 13:00Steve Horn
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U.S. Rep. Dan Boren, Exemplar of Political Corruption

Today, The New York Times ran an investigative piece uncovering a thick, multi-layered corruption scene, honing in on one man: U.S. Rep. Dan Boren (D-OK). Boren, many will recall, is one of the original co-sponsors of H.R. 1380, the NAT GAS Act, also known as the Pickens Plan, which would given tax credits to natural gas vehicles - the bigger the vehicle the more tax credits recieved. 

As I have covered on numerous occasions, the NAT GAS Act was written by and for the trio of energy magnate T. Boone Pickens; Pickens' long-time business partner and President and CEO of Clean Energy Fuels Corp., Andrew Littlefair; and Chesapeake Energy's CEO Aubrey McClendon. I coined the three a “self-enriching trifecta.” 

Boren, as revealed by the Times, has served for years as a useful pawn for the unconventional gas industry insiders, or what the Occupy movement has rightfully coined the “one-percent.”

As Gas Riches Remake Plains, Lawmaker Shares in Bounty,” the NYT article written by Eric Lipton, reveals many important ties between Boren and the gas industry which he is dutifully serving as a “public servant.”

Sun, 2011-09-25 11:53Steve Horn
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NAT GAS Act That Would Overhaul U.S. Fueling Infrastructure Moves Forward

On Thursday, the U.S. House Ways and Means Committee's Subcommittee on Select Revenue Measures held a hearing on Energy Tax Policy and Tax Reform.

Three separate panels were held within the hearing itself: one on green energy credits included in the American Recovery and Reinvestment Act of 2009, another examining different view points on the proper role of the tax code in promoting U.S. energy policies, and the third on House Resolution 1380, the NAT GAS (New Alternative Transportation to Give Americans Solutions) Act.

As stated in an earlier article, “The bill is 24-pages long and rewards [natural gas vehicles] with tax [subsidies] to help 'drive' consumption. The bigger the vehicle, the more tax credits given.” The bill's main purpose is to build up a massive fueling and vehicle infrastructure for the natural gas industry, which currently does not exist in the United States.

The NAT GAS bill was written by and for natural gas insiders, chief among them energy magnate T. Boone Pickens, Chesapeake Energy CEO Aubrey McClendon and Clean Energy Fuels CEO Andrew Littlefair – referred to in an earlier post as the “self-enriching trifecta.” The bill currently possesses 183 bipartisan co-sponsors and until finally getting a hearing Friday, had sat in the Congressional coffers since early April.

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