On Mon, 4 Aug 2008 22:13:32 -0600, "madcadman" <mad@[EMAIL PROTECTED]
>
wrote:
>
>"pipsqueek" <pip@[EMAIL PROTECTED]
> wrote in message
>news:GcidnShRjYXMqArVnZ2dnUVZ_oOdnZ2d@[EMAIL PROTECTED]
>> Its also very interesting to note that the current US debt to GNP ratio
is
>> much higher than at the time of the great Wall St crash.
>>
>> The US is not bankrupt, it has far too many resources for that to
happen,
>> but, its going to see some pain in the next 5 years.
>>
>> Most of this pain will be due to the fact that the US economies
strength
>> is based on spending. The counter outcome of this is thet US citizens
have
>> the smallest per capita savings of any western economy.
>>
>> The Japanese survived the "missing years" of the nineties due to the
fact
>> that 15% of their reserves was persomnal savings, they were able to
ride
>> it out.
>>
>> Mr Greenspan and GW have brought the greatest economy in the world to
its
>> knees during their tenure, quite a record!!
>>
>Don't forget all those losers in Congress. Time for a revolution! If you
got
>guns, keep 'em well oiled with plenty of ammo nearby. If you got a
>pitchfork, start sharpening the tines. Time to kick those bums outta
>Congress--the whole lot, beginning with Pelosi. By the way, I'm all for
>drilling for oil everywhere possible, including in all caribou mating
>grounds possible.
For sale to Japan for Exxon profits?
It costs ~ US$ 18 to conserve a barrel of oil but Exxon will sell you
a new one for ~US$ 120 (for a little bit then the price goes up
over US$ 200).
Which one will they pay the repubs to sell/mandate you?
"The Bush Administration estimates that expanded offshore drilling could
increase oil production by 200,000 bbl. per day by 2030. We use about 20
million bbl. per day, so that would meet about 1% of our demand two
decades
from now. Meanwhile, efficiency experts say that keeping tires inflated
can
improve gas mileage 3%, and regular maintenance can add another 4%. Many
drivers already follow their advice, but if everyone did, we could
immediately reduce demand several percentage points. In other words: Obama
is right."
IIRC It's more like 5 MPG ... and 5/20 = 25%. Plus you save a lot of
tire
wear & have better braking & control.
--
Cliff
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