$50 Billlion Checks VS Injecting that money into energy market

[SlingXShot]

I was thinking. Sending checks to people is such a waste of time and very useless.

However, what about injecting the money directly into energy market, such as oil. To lower the cost of high gas prices and oil for those who use oil to heat their home. Can the 50 billion dollars be spread out into several months? How long would it last?

I fully support injecting money into market (under regulated control - and making it illegal for companies to put aside that money), not giving the people the money. It is not the way to go.

 

[nageov3t]

so it'd be like giving people a $600 check that they could only use to pay off their utility bills? seems like a waste.

 

[mxyzptlk]

I don't think it is a good way to spend money period. fullstop. However, if they're going to do it anyway, I'd rather it came directly to me in the form of cash than any other method.

 

[bamacre]

I suggest the Fed print enough money to give every American a check for $1 million. That'll stimulate the economy.

 

[SlingXShot]

Originally posted by: loki8481
so it'd be like giving people a $600 check that they could only use to pay off their utility bills? seems like a waste.

Or toys... I think gas and utility bills over ride toys..

 

[b0mbrman]

Originally posted by: SlingXShot
I was thinking. Sending checks to people is such a waste of time and very useless.

However, what about injecting the money directly into energy market, such as oil. To lower the cost of high gas prices and oil for those who use oil to heat their home. Can the 50 billion dollars be spread out into several months? How long would it last?

I fully support injecting money into market (under regulated control - and making it illegal for companies to put aside that money), not giving the people the money. It is not the way to go.

So, in other words, we'd be encouraging people to consume oil?

 

[SlingXShot]

Ye travel..

 

[Xavier434]

I don't know about injecting it into the oil side of the energy market, but I would be all for putting it towards Nuclear Power.

 

[Coldkilla]

Well if you think about it, if you inject it into:

1. Long term energy: People who cannot afford their energy today will suffer.
2. To Familys: They can use the money "Today" on the things they are struggleing to afford. A $600 can fill the gas tank a few times.
3. To the oil company's: They'll just pocket the money and keep oil prices high.
4. Short term energy: We haven't invested in new plants in over 20 years, since the legislation wouldn't pass anyway, it's moot.

 

[blackangst1]

I invested mine and my wife's $600 check does that count?

 

[Vic]

Originally posted by: bamacre
I suggest the Fed print enough money to give every American a check for $1 million. That'll stimulate the economy.

 

[Coldkilla]

Well, considering Japan (I believe) investigated and projected $45 TRILLION is needed to curb Global warming by just 50% by 2050 (the date/point of no return in stopping the planet from reaching 3.6 degrees higher).... $50 billion is less than a drop in the bucket in terms of investing.

 

[ericlp]

why not inject it into Alternative Energy???????? That would be the most sensible solution ... Since it would get us conserving and spending less at the pump!


HELLO? Anyone here with a brain?

Echo....echoooo....echooooooooooooooo....

Well, considering we burn up a few billion barrels of oil per day. Figure that out and you'd be real hard pressed to save maybe a quarter off a gallon for a month...

 

[Stunt]

I think long term the energy market is a good investment...most market analysts are projecting large increases in oil/gas prices.
Hell oil companies have been excellent investments over the last 5 years.

But as for the OP's comment, $50B invested in reducing oil prices, with the US consuming 20.8million barrels a day and oil prices at $80 (price on the street, not futures)...the net effect on oil price would be only 8% and that's not considering the increased demand for the cheaper oil; we have seen some decline in consumption at these levels. So you could have a situation where the government is subsidizing something that automatically goes back to market value.

 

[JohnCU]

Originally posted by: Xavier434
I don't know about injecting it into the oil side of the energy market, but I would be all for putting it towards Nuclear Power.

 

[SigArms08]

Originally posted by: bamacre
I suggest the Fed print enough money to give every American a check for $1 million. That'll stimulate the economy.

lol, good one, Bamacre. As you're alluding to, cash could then be used AS fuel to heat homes. Post WWI Germany, anybody? http://en.wikipedia.org/wiki/Hyper_inflation

 

[Engineer]

Originally posted by: bamacre
I suggest the Fed print enough money to give every American a check for $1 million. That'll stimulate the economy.

They're already doing that but the presses can't keep up. Maybe we can outsource this mint stuff to China or India!