2006-12-24 22:52:16 · 10 answers · asked by meathead 5 in Business & Finance ➔ Investing
I am talking about investing in America only. Yes alternative to oil is preferred, but, until we can have alternatives, stop getting oil from other countries. Isn't that a novel approach to creating jobs for Americans. If the world thinks we are so cruel, then see what happens when we do not need or want their oil.
2006-12-25 00:40:13 · update #1
I think so. Sure we need alternative energy and conserve what we use, but it is so difficult to explore and recover oil in The US due to the "not in my backyard". If the middle east restricted oil drilling like we do, they wouldn't produce much either.
2006-12-24 23:03:15 · answer #1 · answered by morris 5 · 0⤊ 0⤋
I think we already invest quite a bit in oil production in this country. There are very generous tax incentives in place to motivate oil and gas countries to explore and produce more.
We really need more emphasis on producing clean alternative energy. Energy Conversion Devices, symbol ENER, is leading this movement. They produce solar panels, batteries for hybrid cars, a new type of computer memory, and a hydrogen storage system. Here is a link about ENER:
http://top10traders.com/ViewPost.aspx?postID=197
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2006-12-25 08:18:02 · answer #2 · answered by Anonymous · 0⤊ 0⤋
As long as Americans keep buying the gas gusseling SUVs, there no hope of meeting demand with domestically produced oil. Probably no hope in any means.
Actually, what the country should be investing in is rail transport. That provides the most fuel efficient source of transportation. Ony about 70x more efficient than air and about 7x more efficient than truck. Not only that but rail is the only form of transportation that does not require oil. It can operate using nuclear and coal supplied electrical.
2006-12-25 11:41:58 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes if we don't we will be in big trouble. We have Plenty of oil but we cant drill for it because we are being stopped by all the people who want to protect the environment. We have a very large amount of oil off the coast of Florida but JEB BUSH wont let us drill for it. Maybe he is getting a kick back from the oil cartel.
2006-12-25 07:27:12 · answer #4 · answered by ? 6 · 0⤊ 0⤋
There are MANY MANY oil explorations going on in the USA. You just have to know where to find these companies. I have invested in numerous ones and loving every minute of it.
Some people think that the USA is doing nothing towards it. They couldn't be more wrong.... We simply don't advertise it so we can suck everyone else dry first!
aaaaaaaaaaaagh life is good !
2006-12-25 12:39:39 · answer #5 · answered by Kitty 6 · 0⤊ 0⤋
no, they should invest in products that do not need any type of oil or gas or anything else of that nature
2006-12-25 07:10:07 · answer #6 · answered by Kismitt 6 · 0⤊ 0⤋
yes we should...why should we give all our money to foriegn countries...what do the do for us besides keep raising the oil prices?
2006-12-25 07:02:53 · answer #7 · answered by Rich 5 · 0⤊ 0⤋
do you mean invade ANOTHER country or find more in the USA
as you didn't say where (this country is)i assume you are the USA
if so YES RAPE your own country not some other
2006-12-25 07:02:15 · answer #8 · answered by Anonymous · 0⤊ 1⤋