Thanks for those words.
I do appreciate it and agree with you in my heart about: “... increased governmental intervention like subsidies are one of the causes of diminishing individual control.”
Bear with me here. I’ve been digging into the bowels of the CLNE press release. I do this because I’m interested in this company and am very much in agreement with their business plan and want them to succeed (as I recall, you were the inspiration for me to look into CLNE five or six years ago). Over the years I’ve been long and short the stock and made money both ways. Here’s a little tidbit from the press release I posted earlier:
“The American Taxpayer Relief Act, signed into law on January 2, 2013, reinstated VETC through December 31, 2013 and made it retroactive to January 1, 2012. We expect to recognize ~$20.8 million of VETC revenue in the first quarter of 2013 attributable to 2012 sales of CNG and LNG.”
As near as I can tell, ‘VETC revenue’ has something to do with the Honda hybrid car (maybe you know something about it)??? This is just one little example of the world we live in and the way it has been in the American system of capitalism ever since there was a stock market and lobbying. Until we can elect enough politicians who agree with our position on the evils of governmental intervention and subsidies to do something about it, we have to get by as best we can.
Now, in spite of missing the bottom line by $0.05, the stock will pop tomorrow, buy on the open. Call me crazy but that’s my free stock advice - and it’s worth every penny of it.
VETC - Volumetric Excise Tax Credit for Alternative Fuels
Crap. I missed that this was reinstated.
I believe that means we are paying to subsidize ethanol, biodiesel, Natural Gas and other Alternative Fuels again. I will have to do more research later.
Maybe the same as:
Alternative Fuel Excise Tax Credit
http://www.afdc.energy.gov/laws/law/US/319
A tax incentive is available for alternative fuel that is sold for use or used as a fuel to operate a motor vehicle. A tax credit in the amount of $0.50 per gallon is available for the following alternative fuels: compressed natural gas (based on 121 cubic feet), liquefied natural gas, liquefied petroleum gas, P-Series fuel, liquid fuel derived from coal through the Fischer-Tropsch process, and compressed or liquefied gas derived from biomass. For an entity to be eligible to claim the credit they must be liable for reporting and paying the federal excise tax on the sale or use of the fuel in a motor vehicle. Tax exempt entities such as state and local governments that dispense qualified fuel from an on-site fueling station for use in vehicles qualify for the incentive.
(P-Series fuels are a family of renewable, non-petroleum, liquid fuels that can substitute for gasoline. It is a mixture of ethanol, methyltetrahydrofuran (MeTHF), “pentanes-plus”, and butane. The formulas can be adjusted for cold weather and for ‘premium’ blends.)
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Also:
Biodiesel Mixture Excise Tax Credit
http://www.afdc.energy.gov/laws/law/US/395
A biodiesel blender that is registered with the Internal Revenue Service (IRS) may be eligible for a tax incentive in the amount of $1.00 per gallon of pure biodiesel, agri-biodiesel, or renewable diesel blended with petroleum diesel to produce a mixture containing at least 0.1% diesel fuel. Only blenders that have produced and sold or used the qualified biodiesel mixture as a fuel in their trade or business are eligible for the tax credit. The incentive must first be taken as a credit against the blender’s fuel tax liability; any excess over this tax liability may be claimed as a direct payment from the IRS.
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There are so many, and sometimes the names changes on the renewals, that it is hard to keep track of them all:
Federal Laws and Incentives
http://www.afdc.energy.gov/laws/fed_summary