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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (183515)	2/24/2004 5:56:13 PM
From: TimF	Read Replies (1) of 1574002

What if, as was reported earlier, Saudi Arabia can't increase their oil output, and oil goes to $60 a barrel over the next 17.5 years (or $100 a barrel)? What if there is true turmoil in the ME, and the oil supply to the rest of the world decreases by 60%? As things start to move in that direction solar (and even more so conservation) will make more sense. People respond to changing prices that's how a market system works. It's hell trying to be positive with solutions on this thread I don't think that there needs to be government directed (even if the direction is only tax incentives) solutions. Right now importing oil just makes sense. Any other alternative will result in much higher costs and do a lot of damage to the economy. And yes $60+ oil would do damage to the economy as well but it might not happen, at least not for a long time. There isn't much point in putting the hit on the economy now. If $1000 tax credit on solar powered homes would greatly reduce the hit from disruptions in the oil supply then maybe it might make some sense but it will do very little to reduce the hit of such a price increase. It won't hurt too much either but actually trying to not import oil would. Tim

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