I want to, expect to win the war on "terror". [View All]

I do. And we all know the war in Iraq had nothing to do with that aim.

We are or are about to commit 600 billion dollars - getting real close to a TRILLION dollars - for what???

There is clearly only one way we can "win" - and that is to take our money off the table. Make sure radical factions can never use our money against us ever again. If they want to act like 7th century countries - we can accomidate them. In fact we can make them moot.

This can be done - I know it can.

In 1979 it was estimated to cost about 178 billion dollars for the capital necessary to replace opec oil production consumed domestically with a synthetic (this is from my memory). So, you have to index 1979 dollars and recalibrate for 2007 consumption - and then subtract the technological gains (and trust my memory).

Carter knew these factors. He was a smart man. He formed, and quickly got the attention of the oil companies I might add - something called "The United States Synthetic Fuels Corporation". Formed in 1979 under Carter and promptly closed in 1981 or 1982 under Reagan. This has to be revisited right now. It will not impact distribution or marketing and will help in supply confidence. Oil companies will not be any more adverse to this than they were in 1979. And in 1979 - after that last embargo - they were OK with the concept on domestic synthetic product.

There is something else about this - money has a velocity - it is called "velocity of the dollar". A dollar kept in circulation is worth 4 dollars. A dollar that leaves circulation has no residual value at all. Could be great for our blue collar work force. And they haven't had a break in a long, long time.

This is probably not the answer for our environment - but it could well stop a third world war - and frankly if we can't stop that, the environment really doesn't mater so much.

In 15 years we won't be using petroleum as a primary fuel, I don't think. But we better get from here to there first, too.

Joe
The answer to this is so clear -