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

To: RetiredNow who wrote (373551)	3/10/2008 8:58:14 PM
From: d[-_-]b	Read Replies (2) \| Respond to of 1572921

That's $440B we could have been spending on other things in the US, perhaps on homegrown US companies making alternative fuels, instead of pumping $440B more money into the Middle East's coffers. Oil independence is a no-brainer. What a ringing endorsement of drilling for oil in our own backyard. We can't or won't stop using oil, but we can keep some percentage of the money in this country.

To: RetiredNow who wrote (373551)	3/10/2008 9:06:34 PM
From: TimF	Read Replies (2) \| Respond to of 1572921

the point tejek was trying to make about Brazil's stock market going up, because they are oil independent He didn't, and you don't provide any argument for the idea that Brazil's stockmarket went up BECAUSE they are oil independent. And even if it did, it would be irrelevant to the point I was making, but Ted wanted to portray it as somehow relevant. Economists have long known that oil acts as a giant tax on our economy. Its a cost, not a tax. Domestic oil is also a cost. That's $440B we could have been spending on other things in the US, perhaps on homegrown US companies making alternative fuels Some of that $440bil was spent in the US. Its not like the oil sellers want to just sit on a pile of cash and do nothing with it (and if they did that would mean we were trading oil for paper, which I'd do all day long if I could) Also the alternative fuels delivering the same amount of energy would have costs a lot more than $440bil.