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Politics : Formerly About Advanced Micro Devices

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To: RetiredNow who wrote (357364)	11/8/2007 5:55:11 PM
From: steve harris	Read Replies (1) of 1573151

I don't know how to word this yet, but I'll spit it out and maybe you can see the picture. Let's imagine for a moment the US started producing an oil alternative. We got off of $100 barrel oil completely. Gasoline made by this new alternative (ethanol, synthetic, Granny's tonic, whatever) will cost more than the current price of gasoline. So instead of $3 a gallon for gas, I'm optimistic and we pay $4 a gallon for gasoline made from our new alternative. What happens to the price of crude oil with the US not using oil anymore? en.wikipedia.org US uses 20 million barrels a day and China uses 6 million barrels a day. Think at what price China and India and other nations would be paying for oil after having removed the US demand for oil. How long do you think the US can compete in the world market by paying more for the alternative fuel while our worldwide competition gets a bonus by having their price of fuel reduced by a significant amount? Until someone comes up with an alternative cheaper than oil, without government subsidies, we're destroying our economy and future by paying government subsidies chasing a questionable alternative that has yet to shown is cheaper than what our worldwide competition is using. In other words, what happens to the US when you're paying $4 a gallon to fill up your car and truck, while the rest of the world may get a 50% decrease in the price of their usage?

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