Gal Luft
Gal Luft
car deal oil prices
Oil prices are not going down, they're going up. And if you don't have a car that can deal with that, you're dead.
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If you want to send your dollars to the worst regimes in the Middle East, use gasoline -- if you want to send your dollars to the best farms and communities in the Middle West, then use alcohol made from the agricultural resources we grow at home.
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It makes no sense to tax ethanol coming in from friendly countries like Brazil when we do not tax oil imported from countries like Saudi Arabia.
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Everywhere the Chinese go in the developing world, they go with a lot of development money.
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It's remarkable that we're not taxing fuel from Saudi Arabia while we're taxing fuel from Brazil.
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With the Chinese there are no strings attached. They don't talk to you about democracy or reform. They give money, the Saudis give oil and there are no hidden agendas. The Saudis find those kinds of relationships more appealing.
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The president's initiative ties an oil savings target to a basket of energy solutions for homes and businesses, which have nothing to do with our oil problem.
great learn
There is a lot we can learn from Brazil. They are doing great things,
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Today there is a very thin layer of insulation in the oil market amounting to approximately one million barrels a day, meaning that every small disruption, be it a hurricane in the Gulf of Mexico or riots in Nigeria or instability in the Middle East, immediately creates a rise in prices. This situation will be with us for a long time because there is no new spare capacity. Building spare capacity requires an investment of billions of dollars to create infrastructure that may sit idle most of the time. Nobody will invest on those terms,