Saturday, January 17, 2009
Recycling
In the category of biting off my nose to spite my face, I cannot say that I feel bad about Arab investors losing $2.5 trillion. Unfortunately, it will hurt us in the long run. We ship them dollars for oil, and those dollars have to find their way back to our shores eventually. These massive losses -- which are no different than our own massive losses -- will cause your smarter Arab investor to demand a higher return the next time, and that will cost us a pretty penny. If we are smart we will be working night and day to cut our economy's dependence on foreign oil; sadly, I sometimes feel I am the only conservative out there who holds that opinion.
8 Comments:
By 
, at
Sat Jan 17, 01:04:00 PM:
If the choice is to pay the oil exporters or a confiscatory tax on energy to the Govenment, then I prefer sending the money to the exporters. I beleive that on the whole they will use the money more wisely than our government would. New taxes and sending ever increasing amounts of money to Government is a bad thing and should ALWAYS be opposed by conservatives.
By , at
Sat Jan 17, 01:46:00 PM:
Well, here's another with that opinion.
Drill, drill, drill I say and build small, modular nukes. This is something Instapundit has been following.
JLW III
By 
Anthony, at
Sat Jan 17, 02:33:00 PM:
I think a lot of conservatives agree with you about foreign oil. Unfortunately, not enough of them are in Washington.
By jaed, at
Sat Jan 17, 02:38:00 PM:
working night and day to cut our economy's dependence on foreign oil
Is it foreign oil yu don't like, or Middle Eastern oil? (Our largest foreign source of oil is Canada, if I remember correctly.)
By , at
Sat Jan 17, 04:42:00 PM:
I think most conservatives agree with you. We need to become "conservative" again, lol.
By , at
Sat Jan 17, 04:58:00 PM:
TH dont you remember "Drill baby drill" from this past summer when oil was $148/barrel. It was the mantra for the Republican party. What came of that was actually some great arguments that would make any real environmentalist stop and take note. Here are a few of the points:
1) If we were drilling for oil here we would be far more conservation friendly then say Nigeria, Venezuela, Russia, et al.
2) If we drilled here domestically we could potentially add hundreds of thousands of jobs domestically
3) If we drilled here we could keep many of our dollars working here at home rather than feed despots and bad actors who all seem to have oil.
4) If the Democrats did it right they could some how, hold hostage to those who would be doing the drilling to further alternative energy solutions.
5) Needless to say, the price of oil worldwide could be kept down with an American initiative to both pull our own out of the ground as well as find better long term solutions.
With our country's economy in the tank right now, and we are spending over a trillion dollars in bailouts to rescue it; it kills me that we have this rather big bullet in our gun called domestic drilling and we cannot optimize this opportunity.
By Chemjobber, at
Sun Jan 18, 01:29:00 AM:
If you changed "foreign oil" to "non-ME, non-Venezuelan oil", no, you're not the only conservative.
By Dan Kauffman, at
Sun Jan 18, 01:32:00 PM:
TH you are NOT alone there are
about 1.5 million signatures on the
Drill Here, Drill Now, Payless
Petition
http://www.americansolutions.com/actioncenter/petitions/?Guid=54ec6e43-75a8-445b-aa7b-346a1e096659
