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Bailout

I saw this somewhere yesterday. I was also sick and cannot remember where I saw it. Thankfully, JoVE posted an entry about it today. The other thing that happened today was that I bought gas. The price has been dropping here over the last few months. It’s price is now less than half of what it was earlier this year.

About 44% of what I paid for the gas today was various taxes. At the high price I paid a few months ago, only 27% was taxes. Removing the taxes from both prices means that the price today was approx 27% of the high price I paid only a few months ago.

A few years ago I read an article which said that one of the big 3 was making an average of $11-12,000 on its top of the line gas guzzling SUV. So, IMO, the place the big 3 need to look for their lost profits & potentially assistance is big oil because once that gas guzzler was driven off the lot, the folks who have been making out like bandits from it have been big oil.

buyout

Again, just my opinion, but if the government is interested in bailing out the economy long term then the place where they should be investing is in green technologies. Investing in green technologies would reduce oil demand & consumption. An ongoing investment in that area would stabilize the prices of oil based products. What that should do for the big 3 is increase their sales enough to give them an opportunity to retool themselves to produce economically viable products.

About Ron

Homeschooling dad of 4 (ages 27 - 14), grampy to 3, WordPress core contributor, former farmboy & software developer by profession.

Comments

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