Date registered: Sep 2004
Vehicle: 83 Astral Silver 280 SL
Location: Planet Houston
Mentioned: 0 Post(s)
Quoted: 7 Post(s)
No one has addressed where the money comes from to do all that high-tech alternative energy development. What tax increase is coming our way?
There are are over one billion barrels of oil in ANWR alone that would cost approximately $35/barrel to extract. At current oil prices, that leaves nearly $100/barrel in profit. This would provide $80 billion dollars to fund renewable energy research and $20 billion dollars to fund any potential cleanup. Of course, that is using the most conservative estimates
So, in other words, the oil companies who develop this will a 100% tax on their profits? Get fucking real.
Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.
-President Barack Obama, 1st Inaugural address