Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : A US National Health Care System? -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (16977)	4/17/2010 4:45:56 PM
From: RetiredNow	1 Recommendation Read Replies (3) \| Respond to of 42652

Sure I can. First off, we have a 15 mbpd oil shortfall, meaning we consume 15 mbpd more than we produce. If we drill everywhere, we might be able to add 5 mbpd more in the next 10-20 years. That leaves us with a 10 mbpd shortfall. Yours and the GOP's solution is stupid. It doesn't get us there. The single biggest thing we could do is consumer less, by using less gas in our cars. Obama has already moved the mpg requirement up by 10 mpg, the first change in decades. The GOP failed to do that when they were in power. Obama also spent $80B in the recovery bill on renewable energy, which included low cost loans to major car manufacturers to produce hybrid and electric vehicles. The bottom line is that Obama has set the stage for a revolution in how we use oil and gas in our transportation sector. The effects won't be immediate because it takes a long time to ramp up and change over an industry as large as this. However, the investment is going to pay dividends to the American people for decades to come. Bush and the GOP didn't do a damn thing but increase our consumption of oil in the last decade and fight $1 trillion in oil wars. You had your chance and your party failed to deliver. So stop whining now that you guys are out of power. Tough shit.