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2 Comments
The Complete List of Currency ETFs [view article]
Excellent overview -thanks! Sep 03 11:38 AMToward a U.S. Energy Policy [view article]
We need to think long term to solve the energy issue. However, the current US political system does not encourage long term planning.We had the first large wake up call in 1973 (the Oil Embargo). Some counties made radical long term policy decisions. As an example Denmark just about went broke then, as energy cost went from 10 % of the GNP to 20% -almost overnight. However, within 7 years the country
had become the most energy efficient nation in the world, by changing just about everything from building codes to the use of alternative energy sources. Wind power supplies about 20% of the Danes energy use today-fed into the electric grid. The worlds largest wind turbine manufacturer is also Danish (Vestas).
If someone a year ago had said, lets put a R & D tax of $5/barrel in place, we would have had a large public outcry. Instead we are being taxed by OPEC.
The US should along with selected other counties -perhaps Japan, the UK,Germany & France start a Manhattan Project on alternative energy,
with a large annual budget-funded a $/barrel import tax. No tax on domestic production.
Encourage solar by using tax credits-the same for wind power.
Make it a NATIONAL priority! May 08 04:06 PM