prop 10: uhhhhh No.
Prop 10 is largely funded by energy companies. It seeks to buy billions in bonds of offer rebates to consumers who buy compressed natural gas cars (CNG). And a few other things, but this looks to be the meat of the proposition.
Let the market decide. With my NO vote on prop 10, I’m telling T. Boone Pickens this: Bring your products to market on speculation that we’ll find CNG desirable and play the traditional risk-reward game. Prop 10 seems to stack the deck in t. boone pickens’ favor at the expense of billions in debt for my state.
If t boone. pickens really wants me to buy his compressed natural gas, maybe he should think about offering me an incentive to buy into his system in the form of a subsidy from his own extraordinarily deep pockets. The fuel I’ll end up buying will more than repay the cost of a subsidy, long-term.
I actually do want to buy a CNG car, so I would absolutely welcome T. Boone Pickens to pony up some speculative cash and put a couple of CNG gas stations in San Jose. I think there’s one at the friggin’ airport, but that’s too far to fill up on a regular basis.
Technorati Tags: 2008, prop10no, vote
