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Politics : Formerly About Advanced Micro Devices
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To: RetiredNow who wrote (227951)4/6/2005 10:47:05 AM
From: TimF  Read Replies (3) of 1573503
 
Well, Tim, I think I have run out of ways to convince you that reducing oil consumption is good for our economy.

The issue isn't whether reducing oil consumption would be good for our economy. Reducing oil consumption, in and of itself would be good for our economy, but the steps needed to achieve it such as massive investment to replace perfectly functional cars, or other equipment and machinery with more efficient models would cost a lot of money. It might be worth it for "Bob" to buy a hybrid, and not worth it for "Jim" who has a new car, or for "Sally" who doesn't drive that much. It might make sense for "company ABC" who has old and very inefficient equipment to replace it with more efficient equipment, but it might not make sense for "company XYZ" which has equipment that doesn't have state of the art efficiency but is expensive, and is decently efficient. If the government doesn't intervene in the decision the companies and individuals involved will be more likely to make the investments that have positive real returns. If government provides huge tax breaks and subsidies, or implements penalties and charges for those who keep the old stuff than the decision won't be made in response to the real return on investment but rather according to a political policy.

The issue at question is if government intervention to initiate a large change such as trying to replace almost all cars in the US with hybrids within 10 or 15 years would be good for the economy, or a good idea in general.

Tim
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