The United States should subsidize shale in the short term or provide minimum funding that will strategically keep enough drillers from going bankrupt that it can. It should work to shut down drills if need be but make them capable of starting right back up if prices rise.

It should also realize the fruits of alternative and efficient energy technology and invest in battery and solar technology.

All of our enemies have dropped to their knees and we haven't had to lift a finger. These types of results couldn't be achieved with hundreds of billions of dollars of military expenditures.

http://www.nytimes.com/2014/12/25/world/europe/oils-swift-fall-raises-fortunes-of-us-abroad.html?_r=0

While Micheal Gardener2 is out on bail he's cutting and pasting news articles. What a loser. I guess at least you're not raping children while you're busy with this, so that's a good thing.

Gerrymanderer2 Wrote:
-------------------------------------------------------
> The United States should subsidize shale in the
> short term or provide minimum funding that will
> strategically keep enough drillers from going
> bankrupt that it can. It should work to shut down
> drills if need be but make them capable of
> starting right back up if prices rise.
>
> It should also realize the fruits of alternative
> and efficient energy technology and invest in
> battery and solar technology.
>
> All of our enemies have dropped to their knees and
> we haven't had to lift a finger. These types of
> results couldn't be achieved with hundreds of
> billions of dollars of military expenditures.


^ +100 G2!

I'm with you on this.

But I think Obama should authorize the XL Pipeline from Hawaii right now to change the optics. That would rip the carpet right out from under the feeble minded GOP - not to mention their number one ally - Vladimir Putin. Oil prices will drop even further in the short term. The economy will probably get a nice little bump.

Let the new GOP controlled House and Senate make their first act be to give oil subsidies to shale companies.

Time to raise the gas tax so we can pay more benefits to illegal aliens and people who are too lazy to work. What a wonderful opportunity!

Letting them go bankrupt allows other companies to take them over and lowers the cost of drilling their oil leases. This is repeated in the Telecom bubble and the Housing bubble. The right thing to do is let the bust run its course which they failed to do with housing which will have another bust.

> All of our enemies have dropped to their knees and we haven't had to lift a finger. These types of results couldn't be achieved with hundreds of billions of dollars of military expenditures.

This has nothing to do with the US and its energy policies. The Saudi's are continuing to flood the market with oil.

We had a chance to bring an enemy, Russa, to its knees via energy policy but we failed. We allowed them to sell energy to China. Right now, it's a bust for Russia until the Saudi's start raising prices. But we could have underbid Russia at the time.

I imagine it's the goals of the Saudi's to simply drive the alternative energy producers, like shale oil, out of business. As Gerry points out (even a blind squirrel finds a nut once in a while) these companies will shut down and go out of business and restart costs can be quite high.

We do need to be ready for when the Saudi's change their minds. But propping up companies probably isn't the right way. Continuing to fund research into these energy areas is reasonable though. Current shale oil extraction technology is inefficient. If nothing else, we need work on better batteries for an electric economy to become effective.