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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: neolib who wrote (166318)11/22/2008 12:08:05 PM
From: Lizzie TudorRead Replies (2) of 306849
 
the only tacit benefit to the Obama green jobs plan that some people forget is that the current climate of buying 800 billion in foreign oil per year to sustain our oil culture sucks a lot of wealth out of the economy. If we could do something to keep that money here- by creating a more powerful smart grid and pushing the public towards fuel efficient and electric cars- the net result would be that that foreign oil drain would disappear and we would keep that wealth here.

The price of oil is going down of course, and 800+ billion was last year so lets say it gets cut in half this year and then cut in half again. Thats still 200 billion per year, out the door, to antagonistic nations. And that foreign oil buying pricetag is worse than whatever Keynesian plans for Energy Obama has because almost none of his cost all that money up front. A new grid at 200 billion would be paid for over a number of years, whereas the 800 billion we send offshore is just out the door, every year.
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