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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (184831)	3/23/2004 10:26:16 PM
From: TimF	Respond to of 1573909

All of these alternate energy ideas cost more. You forgot the cost of the oil wars. Nope even if you assign all of the cost of Iraq 1 and Iraq 2 to oil, oil still costs less. Where do you get this crap? The entire economy is based on social and economic engineering. That is an exageration. Also greater "engineering" of energy supplies will only increase the transition costs. "The amount of energy needed to produce a real dollar of GDP has been going down for some time. The amount of oil used on the average has been going down even more then the amount of energy used. " The first part is because of the service (McDonald's)economy. The second part is just plain false. The service economy is far from being only McDs and energy use is also down in industrial production. The 2nd part is true. "Energy's role in the economy has changed substantially since the oil shocks of the 1970s. The economy consumed 16.7 thousand BTUs (or standard units) of energy per real dollar of gross domestic product in 1975, but that dropped to about 9.4 thousand in 2003, about a 44 percent decline. The drop is even more impressive when the energy source is petroleum, which fell from 7.6 thousand BTUs in 1975 to about 3.7 thousand in 2003 — a more than 50 percent decrease." nationalreview.com The article in general is focused on the short term. And perhaps is a bit optimistic even then but I'm not endorsing the opinions expressed in the article just using it as a source for the facts quoted above. "Incentives to build new businesses usually wind up costing jobs." No. We'll just have to disagree on this one I guess. Tim