I read some where the other day that if Peace was signed with Iran and the pipeline was built that oil prices would drop by 1/2. This is not good for Obama’s alternative energy.
If the pipeline was built, I can say that here north of Houston we would grow even faster here than we already are in Montgomery County.
Interesting — and quite credible. The watermelons aren’t just opposed to the pipeline — they’re mainly out to stop the product that would flow in it. You’ve identified one of their main fears.
If the price of oil dropped by half, the USA would save about $1/4 trillion a year on foreign oil. American consumers would save nearly $1/2 trillion a year. Every year. That would be like a perpetual economic stimulus program — only, this one wouldn’t leave you circling the drain in a debt spiral. You wouldn’t be quibbling over how many thousands of jobs were created — you’d be gloating over how many millions of jobs were created. That’s scarey stuff for watermelons.
If they can't keep traditional energy costs high, their allegedly green alternatives will never even come close to being economically feasible, no matter how they cook the books.
The unintended consequence of this, though, is that we are making strides toward energy self-sufficiency as traditional sources are developed because there is money to be made on proven and reliable energy sources, unlike the neophyte green energy sources which cannot compete in most applications.