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


To: Road Walker who wrote (8323)5/19/2009 8:38:37 AM
From: Bearcatbob  Read Replies (2) | Respond to of 86356
 
The only way the development money will come from gasoline is a gasoline tax. The benefits will be years in the making. This is just another Obama program - perhaps well meaning - that needs to be paid for. Any cost savings in dollars will be destroyed in multiples by the destruction of the dollar.

I love the irony. My Dem friends wailed and screamed at Bush deficits. Bush is a piker compared to Obama.

This is a real ethics test for the left - big Bush deficits bad - monster Obama deficits - not a problem?

I await the results of the self administered ethics test for the board,

Bob



To: Road Walker who wrote (8323)5/19/2009 12:45:46 PM
From: RetiredNow  Read Replies (2) | Respond to of 86356
 
According to your figures, the $47B cost of this investment will be repaid in savings on the cost of gasoline in 210 days. That's a pretty fast payback to our economy. Over 5 years, that would bring in $410B in cost savings on that $47B initial investment. That's one hell of a return on investment.

That's the problem with GOP folks on this thread. When you look at Obama's policies, you only look at the cost, not the return on investment. Cost/benefit analysis by definition means you should look at the benefits as well.



To: Road Walker who wrote (8323)5/19/2009 5:02:45 PM
From: Brumar89  Read Replies (1) | Respond to of 86356
 
Where did you get 100 million gallons a day savings? Thats just over 1/4 of current consumption of 390 million gpd.

Your article said:

"It would save 1.8 billion barrels of oil THROUGH 2016"

1.8B x 42 / 8 years / 365 x 2.25 per gallon gets you $58 million a day i/o $225 million a day.

The above based on numbers from your posts.