|I don't think so, Sailtrader. The tax incentives given to the oil companies are around $13B, based on the laws Bush and friends passed. That's not enough to change anything for the oil companies and is not likely to result in increased gas prices. |
As far as getting money from the Iraq war, I don't think we should leave precipitously, but we should put in a timetable in place to get the Iraqis to get serious about taking over our security efforts with their own military, which they can fund with their $70B oil surplus funds. BTW, we spend about $150B per year in Iraq. If we took one year's worth of savings and used that on a 10 year plan of tax incentives for the alternatives industry, I think that would be enough to get that industry competitive in the next 10 years. So it's alot less than you think. $15B a year is nothing in the scheme of things, but the economy benefits can be unbelievably huge, considering that we spend $700B a year on oil. Imagine if we could cut that figure down by half within 20 years? That would be $350B more per year in our coffers. That alone would go a good distance to closing our deficits. Then add to that the reduced military spending and wars necessary today to secure our oil supplies, and the return on the investment would be orders of magnitude greater than the investment itself.