Thursday, November 6, 2008
Here's a few thoughts
Just thinking about how to get out of the current economic mess. We have three major auto companies on the ropes. The lay offs facing this industry looks as bad as the steel mills of the late 70s and into the 80s. We are to the point of importing massive quantities of oil each year thereby sending billions over seas. This oil will not last forever and it's destroying our environment. We are sitting on one of the largest natural gas reserves in the world far bigger than the oil in the middle east. To change from using gasoline to natural gas would be fairly cheap in terms of converting cars and changing distribution. That would create quite a few jobs in building new models converting old gas burners as well as natural gas production. This would be a temporary bridge to renewable technology and with fuel cell technology could lower green house gases in the process. If we can convince other countries to buy efficient well made cars that run on natural gas from us then we can easily sell the natural gas to them and have hundreds of billion coming back into this country. If the natural gas production and sales could be nationalized it would provide an income to finance healthcare, education and rather than build McMansions like Dubai that nobody could afford we could lower or eliminate taxes for everyone. Imagine having no national debt. This would give us the much needed time to develop other renewable energy technologies. This could cost in the hundreds of billion dollars but considering the pay back would be worth it. We just threw 700 billion down a black hole and we probably won't see a nickel back from that bail out.