No. It would embolden him to think that he had that much power to influence U.S. policy.
Plus, it would dramatically hurt the U.S. economy (reduced oil supply = increased demand = higher gas prices at the pump), so it would be cutting off the nose to spite the face. And Chavez would probably just give poor Americans oil in the face of the skyrocketing oil prices that would result from this policy; he’s savvy, and he’d know how to make this into a personal victory.
Well, dear old Hugo certainly wouldn’t appreciate that (think of the drain on his funds!), but let’s consider the economic consequences of that for a minute. A lot of people still rely on Venezuelan oil for their cars; I don’t like it much either, but if we so much as threaten to stop buying Chavez’s oil, prices will jump unimaginably high, and will go higher still if we actually do stop. Before we stop buying oil from foreign countries, we need to make sure our bases are covered — in this case, that we have enough oil being produced here that it won’t cause a massive price fluctuation. Also, we, uh… don’t really have hydrogen-powered cars available for mass consumption yet. (More covering the bases.)
How would you fund the infrastructure to create the Hydrogen economy? Both sides of the aisle have been given a solution based on what the masses freely pay a premium for.
Feinstein is busy patting herself on the back for mandating 20% of the energy comes from Renewable sources. Her mandate does nothing about the economics.
no Its an empty threat
Yes.
But biofuel is a better alternative than costly hydrogen that is hard to store and deliver.
No. It would embolden him to think that he had that much power to influence U.S. policy.
Plus, it would dramatically hurt the U.S. economy (reduced oil supply = increased demand = higher gas prices at the pump), so it would be cutting off the nose to spite the face. And Chavez would probably just give poor Americans oil in the face of the skyrocketing oil prices that would result from this policy; he’s savvy, and he’d know how to make this into a personal victory.
thousands of cars, bumper to bumper, 60mph+, filled with hydrogen..no thanks…I’m walking.
Well, dear old Hugo certainly wouldn’t appreciate that (think of the drain on his funds!), but let’s consider the economic consequences of that for a minute. A lot of people still rely on Venezuelan oil for their cars; I don’t like it much either, but if we so much as threaten to stop buying Chavez’s oil, prices will jump unimaginably high, and will go higher still if we actually do stop. Before we stop buying oil from foreign countries, we need to make sure our bases are covered — in this case, that we have enough oil being produced here that it won’t cause a massive price fluctuation. Also, we, uh… don’t really have hydrogen-powered cars available for mass consumption yet. (More covering the bases.)
How would you fund the infrastructure to create the Hydrogen economy? Both sides of the aisle have been given a solution based on what the masses freely pay a premium for.
Feinstein is busy patting herself on the back for mandating 20% of the energy comes from Renewable sources. Her mandate does nothing about the economics.