Speaking in Michigan (coincidentally) today Sen. Obama outlined his energy plan.
No more oil imports from the Middle East or Venezuela within ten years.
$150,000,000,000 invested over ten years in alternate energy sources (other than nuclear or oil). Subsidies for the auto industry to build electric cars and a $7,000 tax credit if you buy one.
You know if those cars work and meet people’s needs and are more efficient why wouldn’t buy one, why does the government need to give away tax money to get you to buy one. After all Americans lapped up the SUVs counter to any logical decision making in many cases. But we are in Michigan, remember, and the good Senator says those cars will all be built in America. But does than mean Americans will buy American made electric cars if the Japanese ones are better? Glance at the cars in a parking lot and you will find the answer.
But there is a larger issue on all this oil stuff. If we get no more oil from the Middle East, what happens to the Middle East? Do we care; do we abandon the Middle East? Do we care anymore about Israel? After all, many people say it’s all about the oil. If we don’t care about the Middle East, who does, who fills the void, China perhaps? :-2
It all sounds good on the campaign trail, just like McCain’s push for nuclear energy (that will also take ten years to expand), but even in the unlikely event we achieve all of this, there are many unintended consequences. Who do you think has been shoring up the financial markets in the US and who do you think invests in America and buys American debt (with oil dollars)? The countries of the Middle East, that’s who. :-5
It’s all water under the bridge now, but shouldn’t Americans be mad as hell at this and many past Congress’s for not creating and supporting an energy policy twenty-years ago?
:mad:
