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Lower gas prices for you!
Neil Cavuto interviewed Donald Trump today just after Congress declined to pass the bailout/rescue plan. Mr. Trump, in his usual optimistic manner discussed some potential upsides to this, including, the possibility that oil prices may fall dramatically.
If he is correct, I wonder what happens to the green initiative and climate shift discussions that have been moving forth at full throttle over the last six months or so.
Many companies and government agencies moved to a 4 day work week when fuel was at 4+ dollars a gallon. There was great talk of mandating that auto manufacturers dramatically improve their fuel efficiency of their vehicles. T. Boone Pickens has been feverishly pitching his "Pickens Plan" to drill more while simultaneously developing other sources of energy, including wind, solar and compressed natural gas. What happens now?
If Mr. Trump is correct, and pump prices do decrease substantially at the same time our economy continues to decline, will companies as well as the Federal Government have the financial resources and/or interest in continuing the drive to reduce our dependency on foreign oil and tackle climate change?
Put another way, if you are the smartest guy or gal in town, and you are working on a new solution to replace automobiles from burning fossil fuels, where would you go to secure the capital to develop your invention?
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