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

To: TimF who wrote (227234)	3/30/2005 8:56:22 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1573691

Tim, a reduction of 10% in consumption could at least cause a major ripple in oil prices. Sure, we'll still need to import Middle Eastern oil, but at least the sheiks will be getting less money out of it. Tenchusatsu

To: TimF who wrote (227234)	3/30/2005 10:16:57 PM
From: RetiredNow	Read Replies (1) \| Respond to of 1573691

The economy would benefit from more efficient/economical vehicles, but not orders of magnitude more than the cost, and likely not even equal to the cost. If the costs were so obviously less than the return there would be no need for government subsidies. If you measure the benefit only terms of the individual's cost savings on gas, then of course the benefit won't outweigh the cost by much, but I'm thinking bigger picture. If this country's economy could be weened from the oil tit, then we wouldn't be at the mercy of the oil price cycles nor would we be at the mercy of the OPEC oil cartel whose members are not our friends. The benefit of our economy not being impacted by oil price swings would be incalculable, but would certainly be orders of magnitude greater than the cost of weening us off the oil habit. If you think of oil as one big ass tax, then you begin to understand that by spending lot's of money (business, government and consumer investment) on getting off of oil, we have a chance to remove or greatly reduce the oil tax. Since our economy is measured by aggregate demand (consumer spending + business spending + gov't spending - taxes), you can see how our economy, aggregate demand, could potentially increase greatly from an effort to get off the oil tit.