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

To: RetiredNow who wrote (244396)	8/1/2005 10:03:25 AM
From: Elroy	Read Replies (2) \| Respond to of 1575426

Well lets see if I get yer beef. Your explanations are not at all intuitive. 1) Tax credits for foreign hybrids that disappear after the first 60K units are sold, which favors Ford and GM (the losers in the hybrid wars). So it's essentially disrupting market dynamics. I assume you would like tax credits beyond the first 60k sold? So you like this part, it's just not enough. 2) $3B in tax incentives for oil companies to do offshore drilling, when they have higher profits than ever before. They don't need incentives when oil prices are this high. If it is profitable to drill, they will drill. It lowers the cost of domestic exploration, which will increase domestic exploration, which will reduce the dependency on foreign oil, right? Your beef here is that if exploration & extraction cost say $25 per barrel now, and oil is $60 per barrel, they don't need their exploration/extraction cost reduced to $15. Is that it? 3) No mandates to increase mpg averages on cars, which means there are no incentives to conserve energy or get us off the oil. Haven't they made mandates like that previously with little success in "getting us off oil"? If it didn't work before, why would it work today? 4) Changes in the size requirements for tax incentives on large trucks, which essentially CREATE MORE incentive to purchase large trucks, which means more oil usage. This one is beyond my knowledge. It sounds to me like the major thing in the bill is #2 which is designed to reduce exploration costs for domestic oil producers. Doesn't sound so horrible to me, if I understand it correctly. I wouldn't mind seeing a bill that says capture the Saudi Oil fields and give all the proceeds to the UN's charity organizations. The Saudi can then live their oh so desired Wahhabi lifestyle by themselves in the desert without any interference from us. They could even cut themselves off entirely from outsiders like Japan did in 1870s. Good riddance to them. Fighting AIDS, fighting poverty in Africa, promoting literacy among 3rd worlders and eradicating bird flue-infested swine in CHina would be a lot better use of billions of dollars of oil revenues than buying a new jet or 5th Maserati for a chubby spoiled prince with four wives and 29 kids that he never talks to....