Since we have more oil and gas than anyone else on the planet, we should sell as much as possible before free energy devices become a thing. Those man-made UFOs aren't using gas or diesel. Bring manufacturing back to the U.S. and make the middle class boom. $150k in CA and NY doesn't go very far. Most families need both parents working and bringing in $300k+ to afford a modest home. Eliminate income and real estate taxes so people can keep something of what they earn. The more you make means the more you keep, not having to always think of the tax man wanting his cut.
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I personally don't believe in the "free energy" stuff. Do any of you people REALIZE how devastating that would be to not just our economy, but EVERY world economy? All the peace in the middle east that Trump has built would be dead overnight as Saudi Arabi and Qatar collapse because oil and gas became worthless overnight, so they no long have a means of funding their defense against Iran, Iraq, etc. who actively seek to overthrow them and implement their radical version of islam.
MILLIONS of jobs, lost overnight, high paying good jobs like engineers and refinery operators as well as even more middle and low paying starter jobs like gas stations and fuel shipping.
And you can't just tell MILLIONS of people to "start over" all at once. Some of these people are in their 40s and 50s and near retirement. But if their company collapses overnight because oil and gas are now useless and have no market, there you have hundreds of thousands of middle aged people who've worked in one industry their entire life with no skills to apply anywhere else.
And I'm not even getting into the fact that "free energy" is a stupid concept because that energy HAS to be generated from SOMEWHER it doesn't just appear out of the ether.
ALSO I don't think you free energy people realize JUST how important oil and gas is to the world. EVERYTHING has oil in it. CHEMICALS that make EVERYTHING from the shoes on your feet, to the clothes on your back, the medicine you take (and I DON'T mean just vaccines I mean everything from a freaking allergy pill to cancer treatments), Heck EVEN THE COMPUTER OF PHONE YOU'RE READING THIS ON, are MADE from oil/gas derived petrochemicals.
The world LITERALLY stops with oil and gas, and EVEN IF, there's some magical alternative that replaces ALL Of this I just listed it STILL doesn't fix that this would regress entire nations back to the stone age and cause mass wars in the middle east that would end up with the islamic caliphate in control of the ENTIRE middle east. Do you actually WANT the ayatollahs to get so emboldened that they create a nuke from recovered tech in saudi arabia, israel (cause realistically israel would have collapsed by this point) and aim it at every Christian nation that they deem to be their mortal enemy?
I agree we should just ax the income tax entirely, and I truly believe we're working our way to that one step at a time. But seriously people, use your thinking cap a little. Geopolitics and macroeconomics aren't as simple as "lets sell all the oil to not have taxes before magical free energy tech comes out."
You're only looking at the downside. Yes, it would disrupt the status quo but the upside would do more good than harm. It wouldn't happen overnight, there would need to be a transition period.
Free energy wouldn't eliminate the need for petroleum used to make the shoes , plastics, medicines, etc. It would eliminate the need for petroleum for transportation and electricity generating power plants. It would greatly reduce the cost of travel and transportation of people, food, home goods, everything.
Consider what happens when each home or building could be run on a unit in their basement without the need for the grid. Storms would have little effect. There would be no power outages. People wouldn't be limited to where they could live. They could move to the wilds of Alaska and have all the electricity they needed for satellite communication, water pumps, cooking, lighting, etc.
The grid would not be needed. All the land where high tension wires run all over the country could now be used for farming, housing, etc. No need for unsightly wind farms or windmills. It would eliminate urban blight caused by unsightly wires and telephone poles. Desalinization plants would have little cost to operate allowing potable water in many places all over the planet. New industries and jobs would be created manufacturing and installing and maintaining these devices.