Grant Noeske
UKC Forum Member
Registered: Jun 2003
Location:
Posts: 1085 |
quote: Originally posted by coondogless
Mr. Pickens has millions and millions if not billions invested in the things he is pushing. He stands to profit in a HUGE way if he gets his way.
You're 100% right, but regardless of what we do, someone is going to profit in a HUGE way. If we do nothing, countries like Iran, Saudi Arabia, Nigeria, Venezuela, etc...will continue to profit in a HUGE way. I'd rather it be a billionaire from Texas and other American investors in wind/solar/natural gas projects. There's also nothing preventing any of us from buying stock in public, American wind/solar/natural gas companies. We can't buy stock in OPEC.
Anyone who can help us reduce our dependence on foreign oil and stop shipping $700 Billion a year out of this country SHOULD profit in a huge way. Either we reward Americans for leading America to energy independence (and create American jobs and keep American cash here in the process) or we continue begging OPEC, et al to produce more and lower prices....all while we ship them $700 Billion a year, just so they can turn around and buy up our assets (real estate, stock in American companies, etc...).
Regardless, all solutions should be considered. This may not be the best solution, but anything that gets us off of foreign oil is an improvement.
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