"Cliff" <Clhuprich@[EMAIL PROTECTED]
> wrote in message
news:2deg94hfjn43b0bbe2r81gjr1kol13jf2j@[EMAIL PROTECTED]
> 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
If there were any oil in either banquer's or cliffy's heads, I'd vote that
we begin drilling there!!!
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