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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (8320)	5/19/2009 7:16:41 AM
From: steve harris	Read Replies (1) \| Respond to of 86356

from the people who don't meet the new requirement... just like cigarettes, they're so evil and so bad, yet the pols have to keep the sin tax dollars rolling in...

To: Bearcatbob who wrote (8320)	5/19/2009 7:31:55 AM
From: Road Walker	Read Replies (3) \| Respond to of 86356

" It will be costly; the Transportation Department last year estimated that requiring the industry to meet 31.6 mpg by 2015 would cost nearly $47 billion. " And this will come from where? Part of it will come from this... US daily gasoline consumption: "9,286,000 barrels/day (390 million gallons/day)" eia.doe.gov Figure if we can cut use 100 million gallons A DAY, that will save, at today's price, $225,000,000 PER DAY. Another good assumption is that since the US uses ~25% of the worlds oil, that a significant decrease in US consumption would tip the supply/demand towards cheaper oil... and those extra dollars would feed into the economy. Now if you want to get into the financial benefits of the more ethereal stuff like reducing the trade deficit, or the national security benefits of less imported oil, we can. But suffice to say $47 Billion is a bargain.

To: Bearcatbob who wrote (8320)	5/19/2009 12:35:37 PM
From: RetiredNow	Respond to of 86356

It will come from the cost savings on oil and gas, and from the new jobs created by the US moving heavily into the renewable energy industry. It's creative destruction at its best. You once acknowledge that Intel was a great example of creative destruction, but you somehow don't believe it applies here...but it does. You only have to look at the utter failure of GM and Chrystler versus the success of Toyota and other foreign car makers to understand why this is an important and necessary move for our country. I'm sorry to say, but hummers for everyone is not the future that will lead to prosperity for this country.