Politics of Energy Message Board

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Politics : Politics of Energy

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To: Road Walker who wrote (1286)	8/8/2008 12:36:15 PM
From: TimF	Read Replies (1) of 86355

It clearly isn't when you add all the economic cost of imported oil. I'm including that cost, and it still "clearly is" less. "The cost" on not importing oil is a frozen, depression economy where we couldn't move goods or services. Temporarily, in the long run we would adjust. There still would be a large cost but not "a frozen depression economy". So yes at $1000 a barrel "oil is worth more than the cost". No it isn't, except in very limited uses. Esp. since we are talking only about importing oil, and its not like we don't have domestic production. Military spending is not an oil subsidy. Currently it is. No it isn't. But as I said we need a slight increase in production at the back end. We probably need that increase even without more electric cars or plug in hybrids. Adding them can take it to more than just a slight increase.

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