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I agree with below post.. also the oil companies are a big payer of taxes to
U.S. govt... having said that so was the tobacco industry and finally the
pressure of the public was too great so that the politicians finally had to
make the tobacco industry the bad guy and pay... In my opinion the same will
be the case eventually with the pharmacutial industry as the FDA has passed
drugs for human consumption that have no right to be passed.... in essence
they are doing human testing.. enough of that for today.. point being .. the
oil companies do pay a tremendous amount of taxes to the govt. and so not
only is there the issue of importance of having enough oil for consumption
but it is also vital to our economic success as we all on this list know
that higher oil prices hurt profits and our economy can not stand that at
this fragile point. So there is a balance point in the future where we will
see a slow cross over of still using fossil fuels as energy source but also
will see increased use in alternative energy source but it will not happen
until it is econonomically feasible... just the nature of the beast..
----- Original Message -----
From: <ibe98765@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, September 15, 2001 6:07 PM
Subject: Re: [RT] show your colors/ Oil
> But the problem with replacing oil is that the powerful oil companies
> aren't going to sit by and watch themselves be put out of business.
> And as you mention, Bush is very closely tied to the oil industry.
> The only way alternative energy is going to be supported in this
> county is if the oil companies get a major piece of the alternative
> action. But to do so will take them some time. So we are stuck with
> our dependence on oil for the forseeable future.
>
> btw: This is the same problem we face with simplfying the tax laws
> or ending the drug interception war. There are just too many vested
> interests who are not willing to lose thier income and their secure
> positions in our society by allowing any of these inititives to take
> place in any meaningful way.
>
> ---
> JW
>
> --- In realtraders@xxxx, "Norman Winski" <nwinski@xxxx> wrote:
> > Gila,
> >
> > The conclusion at the end of Mr. Farah's essay is ridiculous.
> > The US and the civilized world is addicted to oil. The way
> > to eliminate an an addiction is not to get more of the
> > addiciton from another dealer. The way to eliminate this
> > addiction is to find another source of energy that is not
> > dependent on a foreign source. If you pumped the $50 Bil,
> > we are about to spend on chasing bin Laden, on new energy
> > sources such as fuel cell technology or solar energy we could
> > soon tell the camel jockys to go take a flying leap. They
> > would soon be fighting with each other over a rapidly
> > shrinking pie. The question then remains as to whether
> > Bush and Cheney will be willing to abandon their oil industry
> > buddies in favor of securing America's future.
> >
> >
> > Alternatively,
> >
> > Norman
> >
> <snipped>
>
>
>
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>
>
>
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