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By hsr0601 (anonymous) | Posted September 24, 2009 at 01:10:15
1. About two thirds of deficit in the U.S. accrue from oil import.
In this economy, fuel price is hovering around $65 to $75 a barrel, which highlights the actual value might be much the same as the peak price last year, and it will continue to spiral up unquestionably.
2. As with "Inaction" cost, $9trillion over the next decade in Medicare, Medicaid and Social Security, supposedly the same is of inaction on the 21st energy bill to determine war & peace, catastrophe & prosperity. For the global economy to reign in the runaway price of fossil fuels, "Sustainable Option" will be indispensable.
3. Looking to worthless, painful and wasteful oil wars, namely, the "Original Source" of this great recession, to waste time bickering over meaningless things and drag feet on a defining energy bill are sure to shake the embryonic effect of stimulus package that is an interim measure for build-out of a new foundation.
4. As the overall oil reserve in Middle East, let alone the rest of oil-producing areas, is on the decline more than known, the region blessed with affluent sun rays also needs to ready for a new groundwork, particularly in this context AEU is beginning to concentrate on future energy and Iranian EV is rolling out recently, the countries in the region will never stand still on the occupation, that means no matter what the result is, the repetitious mistake at the cost of invaluable lives and gigantic spending will end up with a heartbreaking tragedy once again.
5. Facing a sharp downturn in fossil fuels all over the world, the world-wide overpopulation growing consistently is using up tremendous fossil fuels at an alarming pace. Especially when the own conventional resources in some dense countries is facing drastic dent, it adds up explicitly.
6. For that reason, it is widely accepted that the price of fossil fuels is expected to go up and up simply, which is behind all but major states taking a bold and speedy action in a bid to put the global economy on a sustainable and solid ground.
7. Thankfully and interestingly enough, 100s of Companies (with $13 Trillion) Are Demanding Strong Climate Deal in Copenhagen just like environmental activists, a coalition of more than 500 Global Businesses is also demanding ambitious new climate deal, and the report by Blair and the Climate Group, a London-based nonprofit organization, found a climate-change accord among all countries would spur economic growth and create as many as 10 million jobs by 2020.
8. Currently, a 21st energy bill has passed the House and is making its way through Senate. According to CBO, this bill known as more progressive generally would trim budget deficit by $24.4 billion of a net gain.
9. I think the world is eagerly looking forward to Americans' participation, and if it were not for world-wide massive job creation, the world can not pull the economy out of this recession successfully.
10. I'd say only science and innovation can meet this challenge, and the science enough for all around the globe to live in harmony is awaiting final assembly by way of innovation. It seems to me that this great recession is pitching us a serious lesson to make sure we build a bridge for future generations, otherwise, our generation, too, is falling off the cliff.
Thank You !
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