Quote:
Originally Posted by PBzeer
Some simple logic. We need crude oil and will continue to need it for the foreseeable future. We are currently importing crude oil and paying other countries for it. We are also the owner of proven crude oil reserves. The infrastucture and labor necessary to bring those reserves to market will generate millions of dollars in sales and wages (if not billions), and that's even if all we do is stick it in the Strategic Oil Reserve. And we will be reducing the amount we pay out for foreign crude supplies.
Jobs, revenue, and a reduced trade deficit. Seems like a no-brainer to me.
Your argument that it isn't a long term solution is like saying 0% of everything is better than 20% of something.
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I am sorry John, I rarely do this but I am going to break your argument down. It is not mean to irritate but to make the point.
Quote:
Originally Posted by PBzeer
Some simple logic. We need crude oil and will continue to need it for the foreseeable future.
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Especially if we make no attempts to get off of it.
Quote:
Originally Posted by PBzeer
We are currently importing crude oil and paying other countries for it.
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And always will if we do not find another solution.
Quote:
Originally Posted by PBzeer
We are also the owner of proven crude oil reserves.
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I would buy that argument if we were anywhere near being able to supply ourselves with whqat we have. Not even on the highest, most improbably scenarios can we even come close to supporting ourselves.
Quote:
Originally Posted by PBzeer
The infrastucture and labor necessary to bring those reserves to market will generate millions of dollars in sales and wages (if not billions), and that's even if all we do is stick it in the Strategic Oil Reserve.
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The infrastructure and labor necessary to bring renewable energy sources to the market will generate hundreds of billions in sales and wages too. No difference from that persepctive. THe difference is that one runs out and has no chance of ever supplying us long term, one doesn't run out and has the potential to supply us long term.
Quote:
Originally Posted by PBzeer
Jobs, revenue, and a reduced trade deficit. Seems like a no-brainer to me.
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Me too - if we can keep it going. Why throw good money after bad??
- CD