re: U.S. debt to asset ratio is better than 1:7

From the article you linked

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It is well known that abundant, reliable and affordable energy supplies act as fertilizer for economic growth that in turn generates new revenue sources," they write. "It is time to better utilize government assets owned by the U.S. taxpayer, and in turn, unleash the U.S. economy’s potential.

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I have stated it on this board on several different occasions - US coal represents the largest proven energy reserve on Earth.

Substantially larger than all of OPEC's oil combined.






In addition, shale oil reserves in the Green River Basin Formation (a decent sized chunk of the shaded area on the map in your link) are currently estimated to be 1.47 trillion barrels.

Compare this to the 1.32 trillion barrels of proven conventional oil reserves in the entire world.

We have all the domestic sources we need to produce electricity and liquid transportation fuel at affordable prices into the foreseeable future.

In order for this to yield real growth and prosperity, we have to bring these resources to market. Just having them sitting in the ground as if they were "money in the bank" doesn't cut it.

I'm sweating and breathing hard from doing mental gymnastics just trying to make anything you have stated work and the numbers to make sense.

Please break down the equation on where you figure the US "Owns" 128T in mineral assets, is that factoring in the cost of production? Is the 128T the tax money expected from private companies pulling the carbon from the ground?

C minus on the thread, and that's with the Spidey Curve

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We have 128 T in mineral assets.

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What good is that if the President will not allow for exploration and recovery of said minerals.

Tuba do you want to have public lands opened up for exploration?

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We have 128 T in mineral assets.

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You should learn the concept of liquidity before making a fool of yourself.

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PUBLIC land

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Stolen land....

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You should learn the concept of liquidity before making a fool of yourself.

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So I should count my home as an asset worth $0.00 because it is illiquid,

right?

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We have 128 T in mineral assets.

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You have no concept of liquidity. Zero.

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So your interested in treating the government like a private company? Great, please show me any private company that has operated at a loss for multiple decades that still exists?

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Please show me a private company that has the right to collect taxes from the entire nation by majority vote of its shareholders.

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So I should count my home as an asset worth $0.00 because it is illiquid,

right?

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Your house is worth what you can sell it for. Not what you value it at. Bring $128T worth of any mineral to the market and see what you can sell it for. Look what happened when all this oil started flooding the market.