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  • How You Can Invest in the Pickens Plan [View article]
    Whenever you are considering the pros and cons of the Pickens Plan
    one "pro" that should be considered but rarely is, is the cost of defending a difficult to find and increasingly expensive substance called crude oil", or perhaps more appropriately, "cruel oil".

    If everyone factors in the requisite defense and war costs of God awful escapades like Iraq (estimated to be in the 3-5 trillion dollar range overall) coupled with economic servitude to the likes of OPEC nations
    the "pros" should take on additional weight.

    How many wars, lives lost and national treasure squandered will it take to make us wake up to the fact that reliance on foreigners for a central element in our economy (transportation of goods, services and ourselves) is a dead end indeed?

    If our national net economic loss is 700 billion dollars as Pickens suggests, adding in Professor Joseph Stiglitz' 3-5 trillion dollars makes the cost absolutely prohibitive and a minor thing like the human cost increases that figure beyond an imaginable level.

    With the discovery of the recent massive reserves of natural gas there is no sane reason to do whatever is necessary to break up our dependence on the most un-American fuel of all, crude oil.

    Aug 22 19:43 pm |Rating: 0 -1 |Link to Comment
  • How You Can Invest in the Pickens Plan [View article]
    Whenever you are considering the pros and cons of the Pickens Plan
    one "pro" that should be considered but rarely is, is the cost of defending a difficult to find and increasingly expensive substance called crude oil", or perhaps more appropriately, "cruel oil".

    If everyone factors in the requisite defense and war costs of God awful escapades like Iraq (estimated to be in the 3-5 trillion dollar range overall) coupled with economic servitude to the likes of OPEC nations
    the "pros" should take on additional weight.

    How many wars, lives lost and national treasure squandered will it take to make us wake up to the fact that reliance on foreigners for a central element in our economy (transportation of goods, services and ourselves) is a dead end indeed?

    If our national net economic loss is 700 billion dollars as Pickens suggests, adding in Professor Joseph Stiglitz' 3-5 trillion dollars makes the cost absolutely prohibitive and a minor thing like the human cost increases that figure beyond an imaginable level.

    With the discovery of the recent massive reserves of natural gas there is no sane reason to do whatever is necessary to break up our dependence on the most un-American fuel of all, crude oil.

    Aug 22 19:43 pm |Rating: 0 0 |Link to Comment
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