And you acuse me of wearing a tin-foil hat? This post is without logic or factual knowledge, and is just bonkers.
Indeed.... Then perhaps we Democrats would finally understand "trickle down economics". Because that's why it failed when Republican presidents have tried it. Because we don't understand economics. Right?
Given how massively inefficieint China's economy currently is there's no reason for their government to desire growth at that level. The introduction of modern production and distribution systems should keep the economy growing at around 8% for at least the next 10 years, barring some kind of political crackdown. Eventually this is going to raise quality of life in China and around the world, but it is going to create alot of inflationary pressure in the meantime.
Crude oil is down to $51 a barrel. Yes, it set a record a few weeks ago, but the price of ANYTHING should set a record price every year. It's called inflation. Every year oil does NOT set a record, means prices are getting cheaper. Prices driven up for everybody by us? Besides Soros & OPEC, who has tried to inflate oil prices?
I wouldn't believe OPEC if it said the sky was blue. They have a long history of lying, and they have a vested interest in removing blame and responsability from oil producers (not that deserve it all, but they tend to get it all). Next you'll tell me you believe Saudi Arabia when they say they will increase production. The Wall Street Journal has had quite a few interesting articles on the subject. The rise in prices has a very strong inverse correlation to problems with supply.
People do speculate. This is part of the commodities game. BTW, stay away from commodities. Anyway, we should be weaning ourselves from oil. Who knows what the next 4 years will bring. It is impossible to predict. Saudi Arabia may have a civil war. China and India continue to expand rapidly. Oil could also get alot cheaper. I am inclined to believe oil will get more expensive whoever is in office.
Gee, the price is now below $50/barrel http://www.channelnewsasia.com/stories/afp_world_business/view/114878/1/.html Damn, I was SO rooting for oil to hit $100 so evil Bush would get blamed.
I can see some wisdom in that post. As much as I hate high oil prices for what it does to my personal pocketbook and the economy, I can tolerate them -- having just bought a very efficient new car. After all, pricing is one way to control demand. And we need to start looking real, real hard at our demand issues.
Looking at his personal consumption habits, I doubt the Kerry administration cares much about reducing demand for oil. He does have a number of residences that consume far more oil than the average American. If elected, he should lead by reducing his own level of consumption. Think globally.....act locally.
I think you are right. A Kerry administration, if it comes to pass, would probably do the same nothing as the Clinton administration did, which was a total catastrophy for the conservation movement. That is, if he is given a choice.
This is the only sensible analysis in that Yahoo report: "Conservation, in my opinion, is the only way to get us out of this hole which we put ourselves in," said Fadel Gheit, senior energy analyst at Oppenheimer & Co.