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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (183567)2/25/2004 12:10:05 PM
From: tejek  Read Replies (1) of 1573945
 
If you try to do it (stop importing oil or other energy sources) quickly now you will throw the economy in to serious recession whether or not the price of oil actually goes to $60. If you price of oil goes up gradually then the normal market mechanisms will allow for replacement of oil or reduced energy use with the minimum possible economic disruption. If the price zooms up to $60 per barrel then we will have a severe recession whether or not we have increased our efforts at energy conservation before the price increase.

If the price of oil goes up to $60 per barrel, our standard of living will deteriorate severely whether or not the market accommodates the increase with minimal disruption.

I am suggesting that we do the only smart thing......which is to wean ourselves of our oil dependency over time.

Unfortunately, this administration doesn't believe in doing what's good for the country.

ted
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