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To: Former Proud Canadian

I’ll sign on to all that. Just develop all we have in the US. Process it here, and use it here.

Tariff the hell out of any oil that leaves the country.


13 posted on 05/13/2011 10:02:51 AM PDT by burroak
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To: burroak
Forgive me, burroak, but you have to think a little bigger. If the US had the will (it has the capital, the technology, the workers, and the risk takers) it could become an energy colossus.

You wouldn't want to or have to tax energy exports. You would be producing more than you need. You would have to seek out foreign markets for the energy you produce, just like Canada and Mexico and OPEC do. You would be able to reduce your trade deficit. You would be able to export new technologies. Your service industries would be in demand to build new plants and infrastructure overseas.

You don't want to tax exports. You want to encourage them. You export products and commodities where you have a comparative advantage. Believe it or not the US has a vast comparative advantage in coal. You could develop a comparative advantage in oil and, perhaps more importantly, in the infrastructure needed to produce and move energy to market. You just need the political will to do so.

14 posted on 05/13/2011 10:14:53 AM PDT by Former Proud Canadian (Slugs and Bitter Clingers Unite.)
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