With the price of oil dropping, somehow I think we may lose interest in the Plan.
Certainly the speculators got on the oil bandwagon for the last two years or so
and drove the prices up and just as the tech bubble burst, so will the price of
oil. World demand for oil did not triple in the last few years. But the world supply
of oil will rise and be subject to the whims of those who have the oil.
The price will likely continue to drop for the short term....
This is a wake-up call to have energy independence in this country. The
wind and solar options should be explored. Meanwhile there is plenty of natural
gas available to us in the US. It is a clean fuel and ought to be used to the
It will take many billions to implement a clean , domestic energy system.
Complicated tax incentives or the like ought to be avoided. The best way to
transition to energy independence is the go to the FairTax system as soon as
The FairTax is a national sales tax that will completely repeal and replace the
income tax. The FairTax seeks to end the income tax and simply collect the tax
at the point of retail. Considering that all the income tax we pay is included in
the cost of what we buy anyway, it is not that big a change.
Just to implement the income tax costs us $100s of billions per year. The savings
we will see when we go to the FairTax will allow us to pay the higher energy costs
while also investing in the Pickens Plan. The FairTax costs very little to administer.
You can learn more at www.FairTax.org
Complicated tax incentives sound good but are really very costly and may not