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Originally Posted by GoldenRivet
how much burden do we want to place on the average joe? (because i promise, if its going to cost Joe 2 years worth of income in taxes alone just to make the nation oil free... he probably wont go for that plan)
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I'm going to say a dirty word here: Deficit Spending. Because.........
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additionally, many nations around the world are not even remotely in a position to abandon oil and "upgrade" to another energy source... and those nations which produce oil wont have any incentive to back changes.
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If we suddonly produce massive amounts of an alternative source of energy we are in a position to sell that energy at lower prices than the oil producing nations sell their product to developing nations. Now we are the leader in the market and we are exporting rather than import our energy source then we slowly pay off the debit we accumulated.
In other words we take a hit in the wallet now to drive everyone else out of the market. Then pick up the pieces.