Here's a neat little stat. In 10 years if the Chicoms continue at their current pace of development they will consume all available oil on the market today. So let's do nothing LP. And here's a shout out to the NIMBY crowd: if we don't crank up the American machine and do it all NOW, start learning chinese.
Bite me LP, is my simple response, however, I say do it all and do it yesterday. Coal to oil is good enough for the Military, should be good for all of us . Nuclear everywhere. Drill everywhere. Hydro, Wind. I just don't buy into this whole it'll take decades. We are the most innovative country on the planet, get the political hacks and the special interest fools outta the way.
By exploiting our abilities and resources I'm pretty sure we could make a dent in this whole recession thing, whadya think.
I think the price of oil is much more complicated than the "drill now" crowd. It's important to do it, but it will not bring gas back to 2 a gallon.
It's difficult to convince libs, and some big government conservatives (is that an oxymoron?) that regulations obstruct real progress. The way I see it you have several issues
1. Devaluing the currency and general inflation by an unregulated federal reserve
2. Regulations that create monopoly and lack of competition
3. Real R&D into alternative fuels coupled with little infrastructure to drill and refine our own fuel
4. unreasonable taxation on fuel.
few I'm aware of in the current congress are really interested in fixing any of this.
Foreign ethanol is subject to a 54-cents-per-gallon tariff and a 2.5 percent duty. This discourages imports, such as potentially cheaper sugar cane-based ethanol from Brazil and other countries, that could undercut domestic producers.
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