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Originally Posted by tony286
Vend do you know our biggest export is gas? Oil they pull out of the ground doesnt stay here? Oil is the free market at its best, it goes to the highest bidder.
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Yeah, I know, we have a lot of gas
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Originally Posted by bhutocracy
They will, eventually. Not that it - once again - will have a drastic impact on prices at the pump.
Anyways a bit of money to be made on emerging shale and tight gas plays in other countries as they try and play catch up and prove up their own "bakkens".
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The thing is our dependence on foreign oil was only 10%, cars got more efficient and now it's 50%? In the 80's we had VW Diesels that got 50mpg, am I suppose to get excited when I hear about a hybrid?
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Originally Posted by Rochard
These are not cars. They are clown cars. In order for these to sell they'll have to have mass appeal.
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LOL, that's what I have been trying to tell you, the Tesla Model S starts at $50k, how is that going to sell to the masses?
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But really, you need to stop bitching here. Permits for oil drilling are up, production is up, and dependency on foreign oil is down. In the mean time, the US government needs to invest into this technology.
You don't think Romney is going to do the same? That's all he's done his entire business history - borrow money to invest into other companies.
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Permits are down
http://www.blm.gov/pgdata/etc/medial...t/table-01.pdf
During the last three fiscal years totally under Bush, there were 9,661 "new leases" granted for federal lands. For the three most recent fiscal years (which includes a few months of Bush's administration), there were 5,568 such new leases. This works out to a 42.4% decrease.
Take the same comparable periods for drilling permits on federal lands. There were 20,479 for the last three years under Bush, then 12,821 for the most recent three including much of Obama's first term. This is a 37.4% decrease.
as for investing, it needs to invest for the good of the nation, not make cars very few can afford