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

To: michael97123 who wrote (389138)	6/6/2008 11:21:53 AM
From: Road Walker	Read Replies (1) \| Respond to of 1574499

anybody on the thread have an idea how to prevent oil prices from causing a catastrophe in the US in the short term? On LI in NY they are already warning homeowners that each fillup on oil heat will be $1500 cash on the barrelhead. 300 gallons at $5 which is where its heading. Conservation is one way but is not enuff, nor it can be. Getting opec help is not going to happen. Perhaps given that speculators may be driving this latest surge in price, do we open up strategic reserves? Can that have an effect. Economy already in growth recession. I am always the optimist and i am getting worried as hell. The worries alone will make growth recession into severe on by election time. You should be worried. If there were a major disruption, right now, we would all be in a world of hurt. The only way I know to effect the price is to enact a long term energy conservation policy that is set in cement for at least the next 10 years. Incentives for efficient energy use and disincentives for inefficient use. It has to have teeth and allow confident individual and company long term investment decisions. That would not affect the short term supply/demand, but would take out a lot of the longer term risk premium.

To: michael97123 who wrote (389138)	6/6/2008 12:55:57 PM
From: Taro	Read Replies (1) \| Respond to of 1574499

Put on a sweater, turn down the room temp by 10 degrees for a starter. As for the cooling in the hot areas, many places a serious problem though. When my granny grew up in Sweden, first thing they had to do in the winter mornings: crush the ice on top of the in house water container and get that fire going! Taro

To: michael97123 who wrote (389138)	6/6/2008 12:56:31 PM
From: Taro	Respond to of 1574499

Put on a sweater, turn down the room temp by 10 degrees for a starter. As for the cooling in the hot areas, many places a serious problem though. When my granny grew up in Sweden, first thing they had to do in the winter mornings: crush the ice on top of the in house water container and next, get that fire going! Taro

To: michael97123 who wrote (389138)	6/6/2008 5:42:54 PM
From: Joe NYC	Respond to of 1574499

michael, Asking for OPEC to drill more while we don't drill domestically is a little disingenuous. As far as what can be done in the short term? The price itself will take care of big chunk of conservation that can be achieve. As far as the strategic reserve, I would not play election year politics with that. I seriously hope that Bush will not do that. Speaking of Long Island, LILCO has a perfectly fine nuclear power plant that could heat the homes on Long Island probably for less. But Long Island residents together with Dem politicians and environuts decided to shut it down, and decided that it is better to heat their homes with OPEC oil. It is time to pay up! Joe