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Old Feb 27, 2008 | 09:08 AM
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BrianBrave
<--- Huge Horsepower
Joined: Apr 2007
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From: So Cal
Default Re: Big Oil and the Truth

Originally Posted by crossbowme
Hang on - there will be a day in the near future when you'll reminisce about the good old days when gas was $3.50/gal. A major factor (if not the main factor) globally is the fact emerging countries are requiring more and more oil. Some countries like China are willing to pay extravagant prices to keep their economies going. Basically, it will be a bidding war. As the Americans lose this battle, prices in the US will skyrocket and industry will grind to a halt. When all our vehicles stop someone will suggest a national transportation or a national electrical power system but it will be to late then. We will pay for our failure to look to the future.

You can not have economies such as India and China growing at exponential rates and not have a comprehensive policy to deal with such powers. The Iraq war is just a drop in the bucket.

Bend over and smile wide
I was in China lecturing at several universities, gasoline is still cheaper in China then the US. Most Chinese and Indians don't own or drive cars. China and India build most of their power plants that are fuelled by coal or Nuclear power.

This philosophy doesn't explain the exponential (grotesque) profits oil companies are making quarter after quarter. This is the what's creating the drain in our economy.

A $600 rebate check won't fix sh*t. The heavily in debt US Govt. will just borrow that money from China, cut you a check, and you will run to Walmart and by some "made in China" crap. Only China and Walmart will profit. And the US will still owe the borrowed money to the Chineese, while your kids and grand kids will become indentured slaves.. And you stand around and say dahhhh.


 
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