As hope for the renewal of crucial tax credits for solar and wind was fading, the Senate made a last-ditch effort to keep them alive. They added it as a sweetener to encourage passage of the financial bailout after the previous bailout attempt failed the House on Monday. Now all eyes are on the House to see if they approve, even though this version still doesn’t address a key House concern regarding the tremendous amount of national debt it adds to our struggling federal coffers. With Senate passage in a bipartisan vote and the market reaction on Monday, it seems the House will let this bill through. But we will see.
The weekly natural gas report showed (more…)