Colleen Thomas
Ultrafemme
- Joined
- Feb 11, 2002
- Posts
- 21,545
amicus said:Kendo1....
Middle and upper class Americans can afford either to pay high prices for gasoline or convert to alternative fuels when they become available.
But a high percentage of single young working Americans are working in entry level positions near the minimum wage levels between $5 and $7 per hour.
They buy old used cars or use public transportation when possible or walk or share rides. The imposition of higher prices by taxation or restricting the amount of petroleum products would make their continued existence tenuos to say the least.
We do always have future generations in mind as we invest in long term stocks and bonds and morgages on business and residential real estate. The accumulations we can make, outside confiscatory taxes on the 'wealthy' will provide a foundation for future generations.
By destroying the petroleum industry, as many adocate, you penalize future generations in many ways...
amicus...
Not that you sound like a texaco exec Amicus, but when did promoting research into alternative fuels and making viable alternatives avialable to the public become synanamous with destroying the petroleum industry?
Diversification is a watch word for today's corporations. If the oil companies made themselves leaders in research into alternative forms of fuel, they would still be in a commanding position when those alternatives become neccessary, rather than just a good idea.
At present, if they spent just a third of what they spend buying senators and reps on R & D, they would most likely be in a good position to dominate the market in alternative fuels as they dominate the market in fossile fuel.
Obviously, you can't corner the market on sunlight, but if you are the major producer of solar cells, you will still reap a nice profit. Then too, if you can find a stronger, cheaper, more cost effective method of isolating hydrogen you can clean up there too.
I'm not advocationg destruction of the petroleum indusrty. But I feel, it's a very short sighted strategy to do all in your power to hamstring efforts at finding alternatives when you know, well in advance of the fact, that your cash cow is finite and one day, there won't be any left to pump out of the ground.