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View Diary: Is T. Boone selling you shinola, or something else? (29 comments)

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  •  But his 'solution' serves him, not us (0+ / 0-)

    We all agree that T. Boone is an ally in bringing to the fore the danger of imported oil. And of Peak Oil.

    But as this diary notes, his Plan is to DRILL DRILL DRILL.  He wants our scarce capital to support a national system of natural gas vehicles - which increases demand for the 2 resources he controls - water and gas..  

    Natural gas is a very small improvement over oil in stemming the climate catastrophe.  Natural gas is much  more valuable as a replacement to coal. And efficiency is a much more important first step.

    But the T. Boone Plan is all about extracting fossil fuels at the quickest rate possible - and probably defeating the Democratic candidates that would work toward the solutions that solve Foreign Oil AND Climate Catastrophe.

    "Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist."

    by oregonj on Tue Aug 26, 2008 at 10:29:58 AM PDT

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    •  There is a massive trade deficit (0+ / 0-)

      The US trade imbalance is a far bigger problem than the Federal deficit.

      If there were no foreign oil imports, the US would have its trade in balance and there would be far fewer foreign companies buying up US companies.

      Wind and solar energy are very capital intensive, significantly more than conventional energy and nuclear.  The country will not have the capital to make the massive investment in wind and solar - unless we have a transition strategy - such as natural gas and others to reduce the massive trade deficit from imported oil.

      Also wind and solar is a large tax and credit loss for the government (adding to the deficit) due to the very large tax credits and subsidies the solar and wind and biomas industries receive, while the oil and gas industry pays a large portion of taxes by itself. The oil and gas industry by itself pays more in federal income taxes than 1/2 the households in the country.

      The country needs to transition to non-carbon energy over time so that the economy does not collapse and needs such as healthcare, education, secure retirement for seniors and an increasing standard of living for all Americans.

      The most important way to protect the environment is not to have more than one child.

      by nextstep on Tue Aug 26, 2008 at 05:51:50 PM PDT

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