jimboe7373
11-25-2010, 06:42 AM
Since this forum is ultimately supposed to be at least 51% economically related, all I will say is that Obama and the principles of Google, Apple, Microsoft etc. seem to have an extraordinarily 'personal' relationship. And as a fellow ex-pat, indeed it amazes me that the zeal with which Obama drove the IRS and US state dep't to close down offshore tax loopholes for US INDIVIDUALS, the same zeal that Obama initially brought to bear to begin closing down offshore tax loopholes for US corporation hedge funds etc. suddenly evaporated when it came to addressing the offshore US corporation tax loopholes being employed by the above Silicon Valley corporations !!! Everything you just listed is pure speculation. Absent actual facts or evidence I will stick with my theory that if there is a delay or cancellation in restricting overseas corporate tax loopholes, that either they are researching legal issues regarding implementing changes or it's the very familiar Republican obstruction of anything that is harmful to big business and special interests. If some evidence is provided however, I would be willing to adjust my thinking on that.
And yes we have gotten bogged down in discussions of 'green energy's actual economic 'value' and actual economic 'costs' ... which at the very least are murky and involve significant subsidies by US taxpayers in one form of another. I was referring more to your purely speculative claims regarding the overseas tax loopholes. They have been around a very long time, and Silicon Valley companies like Google, Microsoft etc. will likely have an extremely minimal influence on policy regarding them in comparison to the far "murkier" companies like Haliburton and the like. In addition, if we were to add up all the subsidies etc. that oil has gotten over the years I'm pretty sure the amount given to green energy would be very, very small in comparison.
What are the "actual economic 'value' and actual economic 'costs'" of; oil spills, military expenditures, and terrorism issues as a result of our dependence on oil. When was the last time anyone had a solar energy disaster and how many of those are we likely to have in the future?. What is the "actual economic 'value' and actual economic 'costs'" of sending $trillions of dollars overseas to governments who most certainly don't have our best interests at heart?.
However, in terms of the 'bigger picture', even if worldwide efforts toward 'green energy' continue at the planned pace, it is still a certainty that Chinese / Indian / 3rd world economic growth is going to increase worldwide demand for oil at a faster rate than 'green energy' implementation is going to reduce demand for oil over the next 10 years at least. This in turn guarantees that, as a worldwide commodity, prices for oil / gasoline / diesel will continue to rise in every country regardless of that country's 'green energy' implementation rate. And future oil prices are obviously the 'second half' of the thread's central premise. Once again, this is PURE speculation on your part and even if there was NO green energy involved in the equation, your "guarantee" that prices will rise is only a possibility. There are also possibilities over 10 years that China and or India's economies may crash and lessen demand severely, there are possibilities (in fact very high probabilities) that large new oil sources will be discovered and exploited (like currently in Brazil) and supply will increase exponentionally, there are possibilities that new technology will make the oil easier to extract and transport as well as significantly increase the output we get per gallon- all of these factors would effect it's price's upward climb. I'm not saying your wrong, all I'm saying is that it's impossible to guess correctly never mind guarantee.
And yes we have gotten bogged down in discussions of 'green energy's actual economic 'value' and actual economic 'costs' ... which at the very least are murky and involve significant subsidies by US taxpayers in one form of another. I was referring more to your purely speculative claims regarding the overseas tax loopholes. They have been around a very long time, and Silicon Valley companies like Google, Microsoft etc. will likely have an extremely minimal influence on policy regarding them in comparison to the far "murkier" companies like Haliburton and the like. In addition, if we were to add up all the subsidies etc. that oil has gotten over the years I'm pretty sure the amount given to green energy would be very, very small in comparison.
What are the "actual economic 'value' and actual economic 'costs'" of; oil spills, military expenditures, and terrorism issues as a result of our dependence on oil. When was the last time anyone had a solar energy disaster and how many of those are we likely to have in the future?. What is the "actual economic 'value' and actual economic 'costs'" of sending $trillions of dollars overseas to governments who most certainly don't have our best interests at heart?.
However, in terms of the 'bigger picture', even if worldwide efforts toward 'green energy' continue at the planned pace, it is still a certainty that Chinese / Indian / 3rd world economic growth is going to increase worldwide demand for oil at a faster rate than 'green energy' implementation is going to reduce demand for oil over the next 10 years at least. This in turn guarantees that, as a worldwide commodity, prices for oil / gasoline / diesel will continue to rise in every country regardless of that country's 'green energy' implementation rate. And future oil prices are obviously the 'second half' of the thread's central premise. Once again, this is PURE speculation on your part and even if there was NO green energy involved in the equation, your "guarantee" that prices will rise is only a possibility. There are also possibilities over 10 years that China and or India's economies may crash and lessen demand severely, there are possibilities (in fact very high probabilities) that large new oil sources will be discovered and exploited (like currently in Brazil) and supply will increase exponentionally, there are possibilities that new technology will make the oil easier to extract and transport as well as significantly increase the output we get per gallon- all of these factors would effect it's price's upward climb. I'm not saying your wrong, all I'm saying is that it's impossible to guess correctly never mind guarantee.