Is it time to put a floor under Crude Oil Prices? .. Unpopular as it might be, I say yes

Falling crude prices along with the credit crunch is driving many Green technology companies over the edge .. The Tesla car is in serious trouble ..as are other wind power projects.. Green entrepreneurs will get burnt by this and will shy away from future investments unless something is done soon.


1) Introduce a floor of $100 ( if oil trades below the floor .. the difference should accrue to the US government)
2) The money collected should be used to sustain investments in green technologies.


Alternately - we should have a steep carbon tax..

i want green development...i think grants from the gov't (BIG ONES) would go a long way to inspiring people in that vein...but right now, you lock a MINIMUM at what oil can be sold for to emphasize your desire to 'go green' and you greatly disadvantage the economy and the vast number of americans (heck, people all over the world) who depend on petro-fuels NOW...

why the heck can't we have both? i guess we are just too short sighted a species...

sP

n/t

Jobs, new technologies, a return to world leadership in the field of energy. Think about it and tell me what you think.

There's gotta be a way to put meters on sunbeams and keep the wind from blowing when it wants to, there's gotta be.

and probably SHOULD be the next big growth industry. but it doesn't have to come at the cost of the people who depend in inexpensive petro-products now. It would an amazing day if, when that last drop of oil comes out of the ground, it really has no impact, because we were ready...we had transitioned...and in the process cleaned up sooooo much of our world.

i see you fear that it won't happen. it is not in our nature...but our intelligence should be able to overcome that part of our nature...but that would take giving a rip about the future of which we won't be a part.

sP

because more people will drive more miles if gas is cheaper and more carbon will be spewed into the atmosphere?
If we do not do something about climate change all the jobs in the world will not mean a damn thing. In a capitalistic society the money will flow out of green tech the lower oil goes. I haven't seen but a handful of people in congress who are talking serious long term plans.

low oil prices do not help ..

we all need to make a short term sacrifice for a long term gain. Remember, while we still have cheap energy left - it is wise to channel it towards producing renewable energy systems..

You are all thinking very very short term .. I guess you are the crowd that supported McCain's gas tax holiday over Obama's refusal

who make decisions like that and stop taking the artificial strictures of global economics as givens.

i personally, and my family, due to our financial position could live with what you propose...but there are too many that simply cannot. i am not thinking short term...but the person who can't find the $20 to put four gallons of gas is his/her beat up rust-bucket to get to work and loses their job because they cannot get there might have a problem with your proposal...because it really is 'screw them'.

you complain of me thinking too short term...but what of your lack of foresight into the havoc this would wreak on the very people we should be focusing on helping the most?

i would think we could allow for the oil prices to be where they will be...and all the while we should be using our BEST minds to attack this problem and solve it...it doesn't have to be an either or...

sP

The giant sucking sound you hear is even more jobs moved offshore if oil is more expensive here than anywhere else.

You might want to return that idea from whence you pulled it.

You want to tell consumers who are hurting that you want their gasoline costs to be higher? NO.

conserving and harnessing renewable energy sources the better off we all will be ...

The truth is sometimes harsh - but we still need to deal with it.

We can either choose to make tough choices now or be forced to deal with tougher realities later on.

The choice is ours - and so will be the consequences.

Over there maybe...nope, behind the door, nope... under here perhaps, nope.... where the hell is that damned T. Boone?

Remember the flying car?