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

To: Bill who wrote (554030)	3/9/2010 5:26:41 PM
From: RetiredNow	Read Replies (1) \| Respond to of 1574595

Nope. I fully understand how commodities work. What you don't understand is the goal will be achieved by oil independence. If we don't need anyone else's oil, then we don't have to fight $1 trillion wars in the Middle East and we don't have our foreign policy hijacked by oil and we don't contribute to the funding of Islamic terrorists. Oil independence means we consume what we produce. Here's another thing. US economists will tell you that oil acts as a giant tax on our economy. If it goes high, it siphons off money that could otherwise be spent on investing in future growth areas of our economy. Becoming oil independent means that our economy minimizes the tax burden of oil and insulates us from oil shocks. If the price of oil goes to $200 per barrel, I can guarantee you that our economy will be less impacted if we are only consuming 10 mbpd versus the 20 mbpd we consume today. Not only that, but if we had nothing but NG/electric hybrids on the road, we'd be fully oil independent and using NG, which we have more of than any other country on earth. Again, for anyone who doesn't have blinders on, it's a no brainer.