Financed by their dirty money, like oil and natural gas facilities so siphoning off that they can actually finance taking a loss on Renewable Energy to compete with cleanpowersf . Do you think its possible . The next item we are going to give an update on it. I think well probably address that. I do thing that the reason why i brought that up is if we expect for green tariff to be an option for the summer do we want to set our rates prior to pg e. Maybe im just not getting it right. What we are talking about is setting the initial offering lower than the price that everyone is on right now. The concern is that pg e is doing their green tariff option and we are going in some of, they can use access green power and thats a big advantage because they have used it for their whole rate base. So we are going to be at a disadvantage offering something equivalent to that. Thats why we need to know what the price is, what they are offering and what we can offer to entice people to go to our opt
Not worse, and yet on the day when the dow tumbled 167 points, the s p plunged. Nasdaq came in at 1. 16 . The only bright spots were the stocks that go up when were about to go into a recession. Now, i dont even think thats a possibility. No. No, no retail sales are too strong, Consumer Confidence too high. Home sales are not bad, car sales are amazingly strong, employment is growing, albeit slowly, but not so slowly that wield think about a recession. Nevertheless, this is a stock thats now marching to the tune of a selloff, not just in the highfliers, but in the industrials, too and those have held up relatively well during last weeks onslaught and wonder if a miracle of miracles, its taking up every stock up, every stock that i associate with a recession. Buy, buy, buy, buy, buy its a headscratcher, people. How is it possible . First, you must never forget that as big as the stock market is, the bond markets even bigger. Right now at this very moment bonds are are being bid up furio
Is but heres a point that people miss. Seven other times the president has decided himself that parts of the law were unimportant and the law he side in fact was not going to endure. What about the preexisting Condition Program . This law was sold on the backs of people with preexisting conditions across this country and yet when someone showed up on february 1st of this year to enroll in the pcip program, they were told, sorry, sister, the program is closed. For 11 months people with preexisting conditions who were promised relief are simply wandering the country what they were supposed to do. Shop exchanges put off to 2015. Delaying final contracts with contractors. Delaying the employer mandate. Removing outofpocket caps. No premium information. This was promised to me by the administrator of cms in july in this committee that i would have this information by september 15. Mr. Cohen we are going the long way now to september 15th. Go to the website on healthcare. Gov. Come back and
We remain to work in a bipartisan manner to achefer these objects. Thank you to both of you for your testimony. Mr. Hochstein, you talked about the things that ukraine needs to do in order to reform its energy markets. This is the most energy inefficient country in the entire region and ill direct the question to you but happy to have mr. Yee respond as well. The reforms they need to need take are dramatic and the effective of those reforms done too precipitously is perhaps too destabilizing in a country that doesnt need much more instability. The vector between what gas prices are today and what they would be without the subsidy is enormous. The amount of money they have to spend on reengineering this wildly inefficient soviet Energy Architecture is essentially almost a rip down and build back up proposition. So, how do we ask ukraine to do this without requiring them to spend money they dont have, and impose price increases on citizens who are right now looking for reasons to be conf
And principles. So, we have that frank dialogue. We are able to do that with a very strong embassy team there. I think we need to continue to do that. It helps when members of congress visit the capitals to reinforce the message that we take corruption very seriously, not only as a matter of economics, or of moral principle, but as a matter of National Security. And until an ambassador is appointed, has the administration considered reappointing or asking mr. Butcher to stay on . Hell complete the tenure this summer. Theres another sar shay affair and take over by the end of the summer. Okay. Im sure senator murphy agrees with me we dont want to see a void there in romania. It is important we dont do that. Mr. Hochstein, you were talking about developing shale gas in europe. Do you have or does the u. S. Have any estimates or europe in terms of the oil and gas potential is if they were willing to exploit it . Yes, senator. We work with country that is are interested. And as chairman mu