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 : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (78698)	6/22/2010 11:00:07 PM
From: puborectalis	Read Replies (2) \| Respond to of 149317

I'm in favor of $10 gasoline......boy you'd see a big dropoff in sunday drivers!

To: tejek who wrote (78698)	6/22/2010 11:16:40 PM
From: brushwud	Read Replies (1) \| Respond to of 149317

Its not a matter of what price is stupid or not stupid. What's more important is what strategy will we develop that will encourage less dependence on foreign oil. Keeping gas at $3 does not accomplish that goal. At $4 we start to see a dropoff of gas usage. Hence I think we need to start moving prices up. Less dependence on foreign oil was the argument in 1973 for national security reasons. And today we're even more dependent on foreign oil. But we're also dependent on foreign supplies of things like chromium and cobalt and most computers are manufactured in Taiwan. It's hard to find any household goods that aren't made in China. Today the argument for conservation seems to be mostly about climate change. But that involves all fossil fuels, not just oil. So a comprehensive approach would include coal. But even if the U.S. reduced its use of non-renewable energy sources, China and India would eventually absorb whatever we saved unless we can convince them to do likewise. Maybe we could do that over the long run, but they're still developing and catching up to us and not as ready to conserve as we might be. Since there's a finite supply of fossil fuels, we're going to see prices moving up over time anyway. So it's sort of a self-correcting problem. But if we gradually increased the tax on oil until gasoline is $10/gal, what would be the real benefit? What is the advantage to us to do that to ourselves unilaterally? Hillary and McCain sure weren't happy about $4/gal in 2008.