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Oil Tell You Again

I made this point here, here and here. Now I could make an argument for greater regulation on oil speculation and commodity trading in general. I've shied away from investing in commodities myself. Partially for fear I'll forget I bought 2,000 bushels of wheat and it'll show up at my door. "Here's the wheat you ordered sir. Where do you want it?" Kind of thought that end users should be the only ones buying oil, etc. That could be legislated. One problem, the Law of Unintended Consequences. If the US should outlaw speculative trading of oil would other countries? Of course not. Control would escape US hands, as would trading revenue and jobs.
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Get Out Your Calculators

From this Motherearthnews.com article...

"THE BIGGEST WIND ENERGY SYSTEM ON THE PLANET " , consisting of 20 separate windplants, is planned for construction by U.S. Windpower, Inc. of Massachusetts. The $75 million project will be erected at Pacheco Pass -80 miles south of San Francisco-and is expected to supply enough power for 1,000 people . . . while saving 178,000 barrels of oil a year."

That's a cost of $75,000 per person. Not household. We have five in our family. That's $375,000! I don't think our family in our life would come close to spending $375,000 on power. Not at about $40 a month. Which is what we spend now. Not a very efficient use of resources. How much oil will go into  making the windmills? How many people want thousands of these things in their neighborhoods? How many birds will be killed by them. Ah yes... the law of unintended consequences.

Nuclear power is an unnegotiable with the left, but it's definitely the way to go here in California. Things will have to get really bad before we throw out the left in Sacramento.

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