This is money laundering: we borrow money from China and ship it to Saudi Arabia and take a little cut for ourselves as it goes through our gas tanks. What a way to build our country.. Actually, this is just John McCain and Hillary Clinton pandering for votes by offering a bad idea, a gas tax holiday, that people unthinkingly accept as good for them.
When the summer is over, we will have increased our debt to China, increased our transfer of wealth to Saudi Arabia and increased our contribution to global warming for our kids to inherit.
Here is the problem as Friedman points out. The USA has no energy strategy. We haven't had a realistic energy strategy for almost thirty years.
Here is something I didn't know.
While all the presidential candidates were railing about lost manufacturing jobs in Ohio, no one noticed that America’s premier solar company, First Solar, from Toledo, Ohio, was opening its newest factory in the former East Germany — 540 high-paying engineering jobs — because Germany has created a booming solar market and America has not.Isn't this strange? It's an instance where we can increase home grown energy supplies and increase numbers of high paying jobs at the same time. But we don't do it. Is there more sun in East Germany than in the USA?
True, you can't run a car on the sun. But you can run a car on energy produced from the sun when it is used to dissociate hydrogen from water.
Conservatives and liberals alike believe a gas tax holiday is a bad idea and is not a solution to high gasoline prices. Do you think the media will pick up on the pandering by Clinton and McCain or stick with the Wright/Obama relationship story?
1 comment:
As Sun Tzu once said in the Art of War: Strategy without Tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.
We are in a global competition (war) for energy resources, resources that support our economy, our lifestyle and our freedoms. Like you said, for 30 years we've been noisely proposing this and that tactic to deal with energy issues. I personally do not think defeat is on the near horizon, but indeed the battle is being waged. As John A. Warden III points out, we need an Energy Strategy before Energy Policy.
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