By Harry Binswanger, Contributor
Like most of you, I yearn for shorter winters, more shirt-sleeve weather, less lashing from frigid winds. As a confirmed New Yorker, I’m not willing to do what millions have done: move to the sunbelt. I want warmer weather here in the Big City. …read more
Source: FULL ARTICLE at Forbes Latest
Expensive gasoline is a signature of the Obama Era, and it’s going to shoot up another 6 to 9 cents per gallon under new Environmental Protection Agency rules, if the oil industry’s estimates are correct. An estimated additional cost of $130 per car on new vehicles will also be part of the package. The goal of these regulations is to reduce tailpipe emissions by cutting down on the amount of sulfur and nitrogen oxide in gasoline. The cost won’t be easily absorbed by a weak economy struggling to emerge from years of anemic growth.
The EPA, of course, says the gas price increase will be much smaller – only a penny or two per gallon – but as Charles Drevna, head of the American Fuel and Petrochemical Manufacturers, ruefully noted to Fox News, “I haven’t seen an EPA rule on fuels that has come out since 1995 that hasn’t said it would cost only a penny or two more.” For what it’s worth, the American Energy Alliance notes that the price of gasoline in California, where these fuel standards are already in effect, is 38.9 cents per gallon higher than the national average.
It should come as no surprise that much of this proposed gas price increase is a tithe to the bizarre Church of Global Warming, which soldiers on even after the total debunking of “global warming” mythology over the past two years. In fact, according to CNS News, the Obama Administration is now amusing itself by issuing reports that say we were going to have a brutal Ice Age, but “because of humans, the next ice age has been ‘delayed indefinitely.’” That’s how the cult leaders are claiming that global warming is real, despite the utter lack of verifiable evidence that any significant “climate change” is occurring. So… another wing of the Administration wants to spend billions to reduce the very same emissions that are protecting us from a new Ice Age?
But leaving the radical environmental lunacy aside, there could be significant health benefits from the new regulations due to reduced sulfur emissions, and the corresponding health care savings might offset, or even outweigh, the increased gasoline cost. Some auto manufacturers think the new standards will also improve fuel efficiency, which would ameliorate sticker shock at the pump.
Read More at Human Events . By John Hayward.
Photo Credit: Geoff Livingston Creative Commons
By Business Wirevia The Motley Fool
Filed under: Investing
Global Warming Solutions (GWSO) Provides Corporate Update: 1:100 Reverse Split Proposal
Company Plans to Initiate a Reverse Split Strengthening Capital Structure for Strategic Alternatives
MARINTOWN, Ontario–(BUSINESS WIRE)– Global Warming Solutions, Inc. (Pink Sheets: GWSO) a developer of technologies aimed at mitigating the effects of global warming is providing an update to its long-term shareholders. Dr. Vladimir Vasilenko, Founder and CEO of Global Warming Solutions:
Since embarking on our life as a public company (GWSO) has focused its efforts on two of its portfolio technologies: LETG and PureRay. Unfortunately the cyclical and structural headwinds in the solar industry over the past few years have made it difficult to obtain the necessary capital to further develop the LETG system. On the PureRay front we have continued to improve the technology incorporating new methods that have shown interesting results specifically in the field of vaporization. That being said any prospects of commercialization are dwindled by the lack of access to sufficient capital.
As our share price has declined to below a penny per share the trading liquidity has essentially ceased. This prevents us from being able to tap into our equity valuation and raise the capital we need to progress our technologies towards commercialisation.
In order to improve trading liquidity and our capital structure we propose to effect a 1:100 reverse split (for every 100 shares owned before the split 1 share will be owned post split). As a long-time shareholder I believe that this decision is in the best interest of our company as a higher share price with a lower share count will make our company appeal to a new group of investors that would not entertain an investment in a penny stock.
Any shareholders with questions do not hesitate to contact me at ir@globalwarmingsolutions.com
About Global Warming Solutions, Inc.
Global Warming Solutions develops technologies that help mitigate Global Warming and its effect on our planet. The Company targets three areas that help reduce the extent of Global Warming and fight issues that have risen in consequence
For more information visit the company website:
http://www.globalwarmingsolutions.com
The information contained in this press release may include forward-looking statements. Forward-looking statements usually contain the words “estimate,” “anticipate,” “believe,” “expect,” or similar expressions that involve risks and uncertainties. These risks and …read more
Source: FULL ARTICLE at DailyFinance
