Sunday, August 17, 2008

Offshore drilling

I have a question about Obama's criticism of McCain's plan to start offshore drilling. Obama said that offshore drilling is a bad idea, and that it would take 10 years before getting any energy returns from the drilling. Obama said that his plan would push forward on alternative fuel sources and raising CAFE (Corporate Average Fuel Economy) standards. Well, doesn't that sound great? Tell me...just how long will it take if such things are implemented before we would see any energy returns? I thought so...

When you force higher mileage through CAFE, it is great that vehicles become more efficient. The downside is, the auto makers must develop more economical technologies, which cost money, so guess who will pay for all of the research into creating the news technologies? Where does that cost go? Yup, on the sticker. A savings in gas won't always offset the cost of buying a new, higher priced vehicle, so people will keep their older, less efficient vehicles longer, which will offset any gas savings in the US.

Who is going to pay for all of the research and technology to develop alternative fuel sources? Where will that cost go? How will companies recoup the costs of research and development?

Barack, shut your suck...

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