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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Elroy Jetson who wrote (162883)11/8/2008 2:15:31 PM
From: Lizzie TudorRead Replies (1) of 306849
 
Oil production may be sold only as plastics and chemicals, or it may also be sold to power plants, but it will have a strong market demand long after you and I are gone.

I agree with that, but what we don't need to do (if autos go electric) is to spend 600 billion PER YEAR on foreign oil. Thats the issue, the foreign oil, not the domestic refineries.

While buying foreign oil gives the US cheap gas, it is still 600 billion per year drain on the economy. Better to transition to greenfuels that are made here -even if the price at the pump stays the equivalent of $4 per gallon- because the problem is this liquidity drain to Saudi Arabia.

And the only reason $4 gas is such a problem is because the existing FLEET was designed as an ultra consumer of fuel, deliberately, thanks to detroit and the Bush admin.
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