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Technology Stocks : Cisco Systems, Inc. - Off-topic postings
CSCO 73.11+0.3%Oct 31 9:30 AM EST
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To: RetiredNow who wrote (195)9/11/2008 6:54:00 PM
From: Sailtrader  Read Replies (1) of 230
 
"But keep in mind, that the government is in neck deep on subsidizing oil. So we can't have a discussion on letting the market decide the right solution until you bring the subsidies between those industries into parity. Get rid of those oil subsidies and force the oil companies to pay for their own security abroad to secure their oil supplies and we'll see just how much oil and gas will cost in this country."

So exactly what is your proposal to "Get rid of those oil subsidies and force the oil companies to pay for their own security abroad to" etc., etc.? And if it was in fact possible to accomplish all that and the result was an instantaneous rise in crude oil to say $400/barrel, what would you put in place to handle the resultant complete turmoil in our economy?

My point is it is very easy to list the problems but infinitely more difficult to come up with the solutions that actually work. The only answer in my opinion is let the market decide, which removes the risk of some small group of politicians on either side of the fence deciding they (AND ONLY THEY) know the answer to these complex questions.

Your example of giving subsidies for end users who purchase vehicles that get high gas mileage etc. and to put such things in place for 10-20 years -- what if there is a breakthrough on a different type of fuel, do we leave the 20 year incentive in place? Don't tell me you would drop the incentive at that point, since the next time you try it no one will believe it will stay in place for the long haul.
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