Brilliant Idea

Let's bankrupt the industry that keeps the lights on! Let's do that considering there is no other viable energy alternatives! (granted, there is solar and wind technology available, but those power sources do not currently have the ability to meet the high demand that's supplied by coal plants)

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A Good Idea...But

Nissan, the state of Tennessee, and TVA has recently announced that they will be partnering in order to put more electric cars on the road. At first glance, this seems like a great idea. Electric cars can reduce our national addiction to foreign oil, they can cut down on smog-inducing exhaust, and they can eliminate household gasoline expenses. However, one must remember how the car will be powered; you have to plug it in. Where does that energy in the wall come from? Electric utilities. Now, imagine everyone house in America plugging in an electric car in order for it to recharge. I'm no expert, but that requires a lot of extra energy than what is being consumed currently. Haven't electric utilities been trying to encourage households to cut energy usage? They have because they don't have the infrastructure to supply much more energy. Don't you think that they would have a tough time supplying the power for all those electric cars? In order to meet such an increase in demand, we would have to see a dramatic increase in construction of coal-fired plants, nuclear plants, etc. I'm not saying that electric cars are not good; we just have to consider where the energy is going to come from in order to power these vehicles.

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Oil Profits Tax, A Bad Idea

Now Obama is talking about a profits tax on oil companies. How ridiculous can you get? Has this guy taken one business course in his life? If the oil companies are taxed even more than there are, they will do more than just pay those taxes, but they will charge even more for the gas that they provide. Do you really think a publicly-traded company would just pay those taxes and move on? These companies are under intense pressure by stockholders to increase profits. An increasing tax burden would only decrease their profits. The only alternative is to increase prices to at least maintain current profit levels. A lot of people are stockholders; do you really want to invest in a company that is experiencing declining profits? I really doubt it.

Didn't Jimmy Carter try a similar tactic back in the 70s? That plan backfired; the oil companies cut production, and little of the expected revenue was generated. We all know how Carter-style economic policies turn out; lets not not go back to those days.

Taxes on the companies that provide oil and gasoline will not solve our addiction to oil; it will only make things worse. Please, Washington, give us real leadership and seek long-term solutions that work.

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Alaskan Oil Exported?

Ever heard someone claim that all of the oil pumped out of Alaska is shipped overseas? Snopes.com did a little research to contradict such a statement. Here is where you can read more.

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