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CNG vehicles

Obama Signals He Is No Friend Of Conventional Energy

Late last week the Treasury Department's chief economist, Alan Krueger testified that government incentives for oil and gas have led to overinvestment in these fossil fuels.  He said, "To the extent that current subsidies for the oil and gas industry encourage the overproduction of oil and natural gas, they divert resources from other, potentially more efficient investments, and they are inconsistent with the Obama administration's goals to reduce greenhouse-gas emissions and build a new, clean energy economy." This is not good news for industry

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