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Thread: Barack Obama pushes for $1bn green tax credits

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    Re: Barack Obama pushes for $1bn green tax credits

    Quote Originally Posted by jimbo View Post
    There is one other way, according to what I learned in Ec 101. That would be to increase supply.
    How did they say to increase the world's supply of cheap oil? We haven't produced as much oil in the US as we consume since 1971.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Barack Obama pushes for $1bn green tax credits

    Quote Originally Posted by jonny5 View Post
    Yep, I say freeze everything for starters, and then reduce spending till it matches revenue. Then set aside x amount for paying down debt, and only then start monkeying around with the balance. But that sounds too much like what normal people do.

    Can you explain how tax credits designed to spur new products and services interferes with any of the above.

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    Re: Barack Obama pushes for $1bn green tax credits

    Quote Originally Posted by Catawba View Post
    How did they say to increase the world's supply of cheap oil? We haven't produced as much oil in the US as we consume since 1971.
    Approve pipelines and new wells, open oil fields now closed. Approve new refineries and updates and modernization for old ones. Stop looking for reasons to limit production. Encourage NG production. Just to name a few.

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    Re: Barack Obama pushes for $1bn green tax credits

    Quote Originally Posted by jimbo View Post
    Approve pipelines and new wells, open oil fields now closed. Approve new refineries and updates and modernization for old ones. Stop looking for reasons to limit production. Encourage NG production. Just to name a few.
    We have the highest US production of oil in a decade, how has that lowered world oil prices?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Barack Obama pushes for $1bn green tax credits

    Quote Originally Posted by jimbo View Post
    Approve new refineries and updates and modernization for old ones. Stop looking for reasons to limit production. Encourage NG production. Just to name a few.
    Although there may be some upgrades of older refineries, I cant find any evidence of requests for new refineries. Do you know of any requests that were denied?

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    Re: Barack Obama pushes for $1bn green tax credits

    Quote Originally Posted by Catawba View Post
    There are EV's already priced less than the average new car cost in the US. The US uses 25 % of the planet's cheap oil. The only way to lower world oil prices is to decrease demand.
    What about supply?

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    Re: Barack Obama pushes for $1bn green tax credits

    Quote Originally Posted by Catawba View Post
    We have the highest US production of oil in a decade, how has that lowered world oil prices?
    Demand is up faster. World oil production is 89 mb/d. Demand is 91mb/d. That equals shortage and prices go up.

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    Re: Barack Obama pushes for $1bn green tax credits

    Quote Originally Posted by Mycroft View Post
    Now is not the time to be putting out that kind of money. We don't have the vehicles to utilize this infrastructure. We should wait till they arrive and are affordable to the masses, which won't be for a long time.

    In the meantime, Obama should be concentrating on the effects of high gas prices on our citizens right now. I don't think he will, though.
    bases garrisoned on 120+ countries and we can't afford infrastructure improvements at home.

    the neo-con platform is so frigged up!

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    Re: Barack Obama pushes for $1bn green tax credits

    we should be doing more than tax credits, but it's a start.

    what we really need is an energy independence moonshot with the cooperation of a NASA-like entity and private corporations while removing barriers to new nuclear / renewable electrical infrastructure construction.

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    Re: Barack Obama pushes for $1bn green tax credits

    Quote Originally Posted by ARealConservative View Post
    bases garrisoned on 120+ countries and we can't afford infrastructure improvements at home.

    the neo-con platform is so frigged up!
    shrug...

    So tell your Congressman to start cutting spending, eh? That way they can afford to pay for every spending proposal Obama trots out.

    But, if you tell your Congressman to implement this latest one...without first cutting spending...then you, sir, are part of the problem and you really have no business talking.
    TANSTAAFL

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    ― Robert A. Heinlein, Beyond This Horizon

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