May 16, 2008
Gas Tax Holiday Is “”the stupidest idea I ever heard.”
Posted by pumpngo under NEWS | Tags: $10 a gallon, alternative technologies, bio fuels, crude, economy, electricity, energy, energy crisis, food crisis, gas, Gas Tax Holiday, green revolution, Green technology, Hillary Clinton, hybrid technology, hybrids, john mccain, oil, oil crisis, Presidential Elections 2008, solar, wind |Gas Tax Holiday is “the stupidest idea I ever heard.”
Michael Novogratz, president of the Fortress Investment Group and the 317th richest man in America made that statement while being interviewed in a conference by the New York Times in reference to Hillary Clinton and John McCain’s solutions for the gas crisis.
With the ever so dwindling economy that the U.S. is facing, the prude investor relates the economic turmoil to the then dot-com bubble burst in the late 90’s.
“As the price of oil goes up, there’s got to be a green revolution. I think of what will be the next driver of the American economy, and it’s green energy. That’s a huge growth opportunity. It’s not about the pollution. It’s about the energy. Gas will go to $10 a gallon,” he said. $10 a gallon? PUMP N’GO wouldn’t be surprised if gas reached that magnitude.
With the ongoing fight for oil and the craziest prices we’ve seen so far in the U.S.A., one can only imagine that the solution to our dependency of oil relies on green technology. We advocate going green whether it’s producing hybrids, bio-fuels, alternative technologies such as electric and solar. By doing so, we’ll be doing this nation of ours and quite possibly the world a favor–creating breathing space for future generations.
The investor also talks about pollution and profits as being tied together which we don’t deny because the big oil companies are wreaking major profits every year from such claims. Going green can also herald a new generation of technology that can possibly reduce a number of crisis that we face today such as oil, food shortages. Going green is not just for PUMP N’GO, but it’s for everyone.
http://blog.wired.com/wiredscience/2008/05/only-greentech.html
