The Courier-Mail: Labor to offer tax breaks for green cars [20oct05]

The Courier-Mail: Labor to offer tax breaks for green cars [20oct05]

The Australian government is offering $2,000 tax credits for purchasing alternative-fuel cars. In addition to paying for hybrids, the government is considering paying for conversions to gaseous fuels. India is leading the way, offerning fill up stations with compressed gas.

The point again is that demand is adjusting to high petroleum prices. After trading down sharpely in the US on Thursday, crude continued to trade down later in Asian markets. Demand is historically slack in November and December.

One of the reasons I am interested in fuel is because of my families investment in CAL. Continental Airlines will use 416 million gallons of fuel in the fourth quarter. A decline in price of $50 cents per gallon would improve the quarter report by $208 million dollars. I'm keeping my fingers and toes crossed as we also have investments in AMR and LCC.