Friday, June 06, 2008
Oil, Energy and the Economy
A robust and growing American economy is due to a number of factors:
• Productivity of the American worker;
• Abundant natural resources;
• Low government overhead;
• Low energy costs.
The American worker is one of the most productive in the world, bar none. Toyota and Honda build cars here because they are better and cheaper than the ones built by Japanese workers.
We have abundant natural resources compared to any other industrialized country.
Although we complain of high taxes, they are the lowest in industrialized world.
Until now, energy costs have been relatively low. We have not been energy taxed to the hilt like the European countries. With the current spike in energy prices, our economy is in a precarious position. The European countries have the same problem, except made worse by their taxation. They do have the advantage of much smaller distances to overcome, but diesel at $9.50 per gallon is destroying their economy, also.
Energy prices need to come down. $140.00 per barrel of oil with the profit going to the various forces of evil that oppose our way of life is not good.
What is the solution?
We need CHEAP ENERGY. Period.
What does that mean?
Nuclear power, synthetic liquid fuel that can be burned in internal combustion engines, solar power that works cheaply, where it makes sense. Increased efficiency.
Most important, this all needs to be based on SOLID SCIENCE. Not the junk science of Global Warming.
SOLID SCIENCE will bring us a solution. It is inconceivable that a synthetic liquid fuel cannot be manufactured if we have access to unlimited capital, say 100 Billion dollars, unlimited talent and unlimited (nuclear) energy.
The time is NOW.