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Politics : Formerly About Advanced Micro Devices
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To: RetiredNow who wrote (357620)11/8/2007 8:37:55 PM
From: Tenchusatsu  Read Replies (2) of 1576167
 
Mindmeld, > Why would that not jibe? Of course, they are profiting big time.

The high price of oil is a double-edged sword. Of course you drive the need toward alternative fuels and conservation. But in the meantime the ones pumping the oil out of the ground are making the big money and spending it in ways that will come around and bite us in the ass.

You can counter this by passing a punitive tax on oil consumption, but that would never go over well with the public, much less an economy that is still regarded as being in a recession.

Or you can pay people not to drive or not to buy gas-guzzlers. That way you can drive down demand, drive down the price of oil, and deprive Big Oil, the Middle East, and Hugo Chavez of their "obscene profits." But once again, you run into the same risk as before, namely complacency which comes with cheap oil.

Tenchusatsu
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