Just saw this published today (Dec. 6, 2010) in The Street:
Louisiana State University business chair and Wharton School fellow Joseph Mason came out swinging against Obama, saying that if the White House denies U.S. companies the opportunity to buy new offshore drilling leases in 2011, American policymakers will put an astounding amount of economic potential in jeopardy.
"I determined that America stood to gain $8 trillion in additional GDP, $2.2 trillion in tax revenue over the next 30 years, and 1.2 million new jobs annually by opening access to our offshore resources," Mason wrote. "Given that those estimates were based on federal inventories of offshore oil and gas reserves that have not been updated for decades, the actual economic benefits are likely much greater. In the same vein, the economic opportunities denied would be much greater too," he added.So the country's going broke, and the Comrade won't let us make any money off oil leases. Is that really a very wise decision? One that's going to make American "energy independent"? Seems kinda stupid to me.
Then Fabio, the model, was on TV today. Apparently he's a spokesman now for the Tesla, another electric car that -- wonder of wonders -- re-charges in three to four hours instead of 12 to 14 hours. Needless to say, the Tesla, like the Prius and the Fusion and what-all, also are supposed to help make America engergy-independent.
But you know what? Until those cars come with some kind of antenna that will reach up into the clouds and tap into fresh lightening, they don't do one damn thing to make anyone energy independent. I mean, it's not like electricity is just laying around like rainwater. People actually burn coal, natural gas, and God forbid, oil, to produce electricity.
So where's the edge up on energy independence? All those electric cars do is make sure you can't go too far from home.
And that's about it for now.
Save the Republic.
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