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Friday, February 27, 2009

Denton Municipal Electric

Are you serviced by Denton Municipal Electric?

We are now an installer and able to get you rebates under their Green Sense program.

Please visit: http://www.dmepower.com/interior.cfm?page=46&sub=8&sec=2&det=9 for more information.

3:10 pm cst 

Tuesday, February 24, 2009

FedEx CEO: use of foreign oil threatens US economy
Feb 23, 2009Birmingham News, Alabama
would be able to hold our transportation system and our economy hostage the way a single nation can disrupt the flow of petroleum today," Smith said.

While he did not name any specific geopolitical threats, Smith said the U.S. cannot continue to put the economy at risk every time a pipeline is attacked by insurgents or a hurricane threatens the Gulf of Mexico.

He warned that the days of oil reaching $147 a barrel, which it did in July, and $5 a gallon for gasoline will not be the "last oil shock we will ever see."

But prices have fallen dramatically since the summer. Oil prices tumbled below $39 a barrel Monday as traders shrugged off reports that the Organization of Petroleum Exporting Countries had slashed production, while the average price at the pump was about $1.91 per gallon, according to auto club AAA, Wright Express and the Oil Price Information Service.

Still, the best "we can do is insulate ourselves from the effects of future shocks," Smith said. The long-term strategy would save 1.8 million jobs and act as a $400 billion insurance policy for the U.S. by reducing depending on foreign energy sources, he added.

Smith acknowledged that the proposed electricity-based plan is "controversial" and faces several long-term challenges, including changing the tax code to allow companies to expense capital equipment and increasing oversight of how research and development funding is spent.

The stimulus plan signed into law by President Barack Obama last week includes $38 billion for energy projects.

8:54 am cst 


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