Oil Independence is a Myth

6/17/2010
Psychologicsays...

Even if we stop all domestic oil use, there's still a huge economic incentive to produce more oil and sell it on the world market. Increased tax revenue is hard to give up for those who care about budget deficits.

Of course there's the environmental side too. We may be able to prevent future spills, but using oil products for fuel still produces greenhouse gases whether it's burned by us or someone else.

NetRunnersays...

>> ^IAmTheBlurr:

Who did this piece first John Stewart or Rachel Maddow?


If you mean this, then it was Stewart, though it was just a passing mention, and not a segment entirely dedicated to spelling it out. Stewart seemed to be rehashing an old Glenn Beck clip, only with a liberal upshot.

Maddow and Olbermann both have mentioned it in passing from time to time, including back during the 2008 campaign with the whole "drill baby, drill" thing.

NetRunnersays...

>> ^Psychologic:

Even if we stop all domestic oil use, there's still a huge economic incentive to produce more oil and sell it on the world market. Increased tax revenue is hard to give up for those who care about budget deficits.


Which is why liberals want to stop all current production of oil as soon as possible, and leave it in the ground while its value appreciates, and the costs and risks of extracting it decrease.

Ideally the end scenario would be that when we started drilling again, we'd nationalize the oil (as in, we'd get all the proceeds from the sale, not some multinational corporation), and sell it to people who're wanting to use it for industrial processes (like making polymers) rather than burning it.

It'd be an awesome way to pay down the debt I'm sure we'll still have.

IAmTheBlurrsays...

>> ^NetRunner:

>> ^IAmTheBlurr:
Who did this piece first John Stewart or Rachel Maddow?

If you mean this, then it was Stewart, though it was just a passing mention, and not a segment entirely dedicated to spelling it out. Stewart seemed to be rehashing an old Glenn Beck clip, only with a liberal upshot.
Maddow and Olbermann both have mentioned it in passing from time to time, including back during the 2008 campaign with the whole "drill baby, drill" thing.


I saw the Stewart clip a few days ago and now this. The beginning section of this clip is next to identical to the Stewart segment. Just made me wonder which aired first. Either Stewart copied the beginning of this clip or the beginning portion of this Maddow clip copied the Stewart piece. Interesting either way.

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