We're using more and more cheaper foreign steel and closing American mills. The readers of this thread can judge for themselves how that has worked out.
The millions of unemployed, because oil tripled (or more) in price won't be thrilled with your idea.
My idea is to develop renewable energy. I agree that it's not feasible on a large scale at present (IOW, I'm not a greenie), but the technology will get better in time.
I already said I'd like business taxes to be cut, to 0% in a perfect world.
And I agreed.
Although Nucor has said it prefers Louisiana over a competing site in Brazil, CEO Dan DiMicco has said the company is waiting on possible global warming legislation in Congress, including a cap-and-trade system on emissions. DiMicco said in May that cap-and-trade would make the Louisiana site economically impossible.How's that working out for us? Surely we can spend 50 cents more for steel in order to save our environment.
Nucor: Steel business is slowing, profit falling, September 14, 2010.