Kennesaw State University Student Managed Investment Fund

http://biz.yahoo.com/ap/080227/energy_taxes.html

At first I was angered by this since I am opposed to taxing oil companies more just because people complain about the price of gas (expecially since margins are actually low in oil compared to other industries; being only about 10%). But what the democrats seem to be doing is repealing some tax breaks that the oil companies had and will end up costing them about 1.8B during the next year (17B over the next 10 yrs) and that money will be spent to subsidy alternative energy. Needless to say the republicans are against it and Bush will veto it if it ever hits his desk.

With this push for clean energy coming from both lobbyists and consumers there will be some big winners in that sector. At the moment it is hard to find any that are actually profitable but I will do a deeper look (and so should the person in charge of Oil / Energy sector) at possible candidates that will dominate the marketplace.

As I know, most new energies are being developed by the oil companies. Or at least are being supported by them.
Since there will be &18 billion from $123 billion, which is almost 15% net margin of the oil companies. They will either reduce the support on the research of new energies or force the White House to veto it.
It seems not quite possible this bill will be passed at the end.

Yea I mean time will tell when/if it will be passed. If we get this 'change' everyone wants and we end up with a Democrat president it could be a real possibility.

I know a lot of the big conglomerates have sections for alt. energy but I don't know how much they have invested in them (I may look that up today). B.P. and Chevron advertise that they are researching new energies but they could just be playing into people's demand for Green energy (notice how everyone and their mother is talking about Green this and enviornment that). I'm pretty sure Exxon is doing nothing of the sort. For the longest time they didn't even bother expanding reserves, they just did buyback after buyback to get EPS growth.