Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: TimF who wrote (229443)	4/16/2005 8:19:34 AM
From: Road Walker	Read Replies (1) \| Respond to of 1572957

re: Its not something you can be certain of but its just about as certain as such predictions ever are Not really. Often when one country takes the lead others will follow. And we are the largest auto market; if we force higher energy efficiency then there will be a certain spill over effect for autos bought in other countries. re: You are neglecting the fact that we produce ~40% of our consumption (albeit declining). Look at the numbers again ***** I don't really see how that is relevant. We will still need to import a lot of oil after cutting a few percent off our total oil use, and even if we did manage to produce 100% the price of crude would probably still be a world price, if it becomes more scarce in the world or if demand rises than American oil would also become more expensive. We use a large % of the worlds oil. The price of any commodity is based on supply demand and risk. If we are importing less, the supply disruption risk goes down. Oil is up what, 40% in a year, 65% in 3 years? There are two elements to the increase - Supply/Demand (include underinvestment in refining) Supply disruption risk premium I can't tell you which part contributes how much to the cost of each barrel. But by lowering consumption, we can reduce both sides of the problem. It's obvious. I'm not sure why you, or anyone else, is arguing against efficiency. Productivity is productivity, regardless if it is getting more work done with a lower payroll, or getting more transportation out of the cost of a gallon of gas. Our prosperity over the last 20 years has primarily been due to becoming more efficient. How can you argue for inefficiency? There are so many political, social and economic benefits to improving energy efficiency, that it's really a no brainer. John