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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (138437)	8/1/2008 3:19:20 PM
From: Jim McMannis	Read Replies (2) \| Respond to of 306849

It's going to take a long time to ramp up alternative but we have to start now. T. Boone Pickens is building a $2 billion windfarm in west texas. 100 megawatts. That;s 667 GE wind turbines on order now. Maine going to put wind turbines offshore 20 miles. Others will follow. So will Solar. All this provides jobs for americans and american companies. Eventually we will convert to say fuel cell or electric cars but electric won't pull a heavy load. Need a fossil fuel like Natural Gas as a bridge to get to other technologies. Natural Gas burns clean and we have a lot of it which helps get us off foreign oil. Meanwhile we need to drill the OCS and anwar to soften the conversion and stop sending $700 billion overseas to less than friendly places for oil. But once the price of oil drops we can't just go back to gas guzzlers or we will go off a steeper cliff later. I'm appalled that Barack is suggesting a windfall profit tax on oil companies and giving out $1000. At which point you would likely not meet the threshold in income and not even get the $1000. I even see Barack supporters that are appalled. I even doubt that even if oil companies made no profit that the price of gasoline would drop that much.