jdl51

The Vicious Cycle of a Falling Dollar

The rest of the world is laughing at us all right. But they're laughing because instead of making our cars more fuel efficient and implementing an energy policy that makes us less dependent on foreign oil, we've done the opposite. Europe gets a lot more mileage per gallon of gas than we do. France produces most of its electricity from nuclear. Spain has had windy days that has produced close to 50% of their electricity from windmills. Meanwhile we're importing 70% of our oil from folks like Chavez and the middle east. There is no way we can make up anywhere near that by drilling here. We send hundreds of billions a year overseas for energy. It would be much better to keep it here at home and develop our own alternatives like other countries have. Just common sense considering fossil fuels will only get more and more expensive.


On May 29 01:01 PM MarkitWacha wrote:

> The cap-and-tax system would also be bullish for solar for the same
> reason, since it relies on expensive electricity to be financially
> feasible.
>
> The one thing that is definitely BEARISH about the cap-and-tax is
> YOU and ME paying HIGHER electricity costs, using up more of our
> disposable income for the SAME good, and watching as the rest of
> the world LAUGHS at us for doing it.