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To: lightfoot who wrote (21277)12/4/2014 9:27:45 AM
From: robert b furman  Respond to of 34328
 
Excellent insight - Thank You.

It appears that the market will determine the price of oil.

I think a market place approach is the long term healthy event.

Cartels never survive in the long run.

We must now believe in the learning curve of modern technology and good old yankee engineering.

If we learn how to mine shale oil so that it remains competitive with middle east oil we will no longer be at thier greed.

I want all business to be profitable.

Now our government must make depreciation accelerated and pass other enhancements that compell the continued capital creation to continue our energy independence.

If at a certain price a surcharge gets added (say over $75.00 a barrel) and we build a permanent fund much like alaska or Norway has done - that would be the next step to further wealth creation.The income derived from the permnent fund could subsidize low income health care.

Some kind of solution for all interests can continue to spur the energy revolution that fracing represents.

Our domestic industry must learn to be the best and most efficient as well as being the world class environmentalists.

We would be invited around the world globally and it could be a huge international business.

This won't shut down fracing it will make it advance to be at its best - I hope.

Bob