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.

4 comments:

dana wyzard said...

Honey, we NEVER see anything returning that we've given away.

Now, is the time to roll up our sleeves and get back to enjoying watching television again with no political ads.

Demeur said...

I'll drink to that and I don't drink.

BBC said...

I didn't know that we have that much natural gas. This area hasn't got a system for it here unless it's trucked in.

Most home heating here is propane or electric, a little oil.

I know that a preznut has the power to start stupid wars, but I'm not sure they have that much power over capitalism and fixing the economy anymore.

Looks like we are in for a bunch of rain.

Roger Owen Green said...

The thing about bailing out Detroit now is that that it would have been totally unnecessary had the govt had fuel efficiency standards and MADE Detroit stick to them, rather than yielding to the car makers' whimpering, "Oh, Washington, it's too hard and restrictive." A bailout now is after the barn door has closed.