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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Keith Feral who wrote (199503)8/26/2006 2:11:28 PM
From: Hawkmoon  Read Replies (2) | Respond to of 281500
 
I just wish there was a sense that energy prices would stay high enough to make all this happen.

So do I.. as long as it doesn't impact US economic growth.

But right now, there would seem to be at least a $10-20 political risk premium in the current price of a barrel of oil, and I think that is detrimental and is a bubble that needs to be deflated.

Unfortunately, the current political crisis over Iran and their nuclear programs, as well as Ahmadinejad's rantings and ravings about "ushering in the advent of the Mahdi" make this unlikely anytime soon.

Hawk



To: Keith Feral who wrote (199503)8/26/2006 4:12:57 PM
From: michael97123  Respond to of 281500
 
"If oil falls back under $60.."

we should implement some type of tax at the pump that continues the drive to conservation. Some would say money collected should go directly to incent renewable fuel r&d but i am not so sure that this would be a good thing given washingtons propensity to waste and make wrong headed investments.

PS how about subsidizing public transport with that money??


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