Solution to the world's problems.
I think i've written about this before, but it's still a huge thing that will solve everything.
Well, not everything, but a huuuge chunk. Here's the thing - for all the fighting in the middle east, and all we can talk of humanitarian aims and a desire for the betterment of man-kind, what really concerns us is the oil. The reason we can't run harder on saudi arabia and iran is a concern about mucking up the oil flow, so we gotta play nice to make sure they don't give it all to china. but here's the kicker - something like half of all the oil ever on this planet is in western Colorado. Not the middle east, not siberia, not even alaska or northern canada or antartica, but western Colorado. The catch is that it costs a little more than oil coming out of the desert on the other side of the world. it's only profitable at $30+/ barrel. this shouldn't seem like a problem, with oil running at $70 a barrel. the problem is, the oil companies that would solve this problem have no incentive to start producing something that they only make $20 each when they're making $60 a barrel under the current system.
The easy solution here? Targeted tax credits. Make it cheap enough to do. Tax the heck out of imported middle-eastern oil. Those taxes, along with the money we'd save by not having to care about the middle east, would more than pay for any incentivizing paid out to get companies to mine for oil in colorado. jobs at home, money at home, no more worries.
well, except for global warming. but still, you can't have everything.
Well, not everything, but a huuuge chunk. Here's the thing - for all the fighting in the middle east, and all we can talk of humanitarian aims and a desire for the betterment of man-kind, what really concerns us is the oil. The reason we can't run harder on saudi arabia and iran is a concern about mucking up the oil flow, so we gotta play nice to make sure they don't give it all to china. but here's the kicker - something like half of all the oil ever on this planet is in western Colorado. Not the middle east, not siberia, not even alaska or northern canada or antartica, but western Colorado. The catch is that it costs a little more than oil coming out of the desert on the other side of the world. it's only profitable at $30+/ barrel. this shouldn't seem like a problem, with oil running at $70 a barrel. the problem is, the oil companies that would solve this problem have no incentive to start producing something that they only make $20 each when they're making $60 a barrel under the current system.
The easy solution here? Targeted tax credits. Make it cheap enough to do. Tax the heck out of imported middle-eastern oil. Those taxes, along with the money we'd save by not having to care about the middle east, would more than pay for any incentivizing paid out to get companies to mine for oil in colorado. jobs at home, money at home, no more worries.
well, except for global warming. but still, you can't have everything.
Labels: rants
posted by joe at 4:09 PM
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