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Politics : Formerly About Advanced Micro Devices

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To: Elroy who wrote (244405)	8/1/2005 11:07:24 AM
From: Road Walker	Read Replies (2) of 1575984

re: That's not the point - I think the goal is to encourage them to find more domestic oil and thus reduce US dependence on foreign oil. Just because they are currently profitable doesn't mean the government SHOULDN'T encourage them to find more domestic oil. The point is that that they already have such windfall profits, that the incremental incentives are not going to make any difference in their total exploration budget. If you throw the same dollars at conservation and efficiency, then you could have a dramatic impact on imports. It's been widely reported that the US passenger fleet mileage efficiency has actually GONE DOWN since the late 80's. Why not incent the purchase price of a Dodge Neon (and other highly efficient cars) that get 30+ miles per gallon. Use the energy bill $'s that will just go to the bottom line of the oil companies to incent the purchase of efficient vehicles and you can really make a difference. Of course that would benefit real people rather than corporations, and that's not part of the "current agenda". John

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