Excellent Commentary All
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ssternlight wrote:
I disagree that the US "needs" the money "that" badly. It could always start a few less wars or give a few less tax breaks to the wealthy... basically give up crony capitalism as a way of managing the government.
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Yeah good points...
But you know things are heating up in Venezuela....
http://english.eluniversal.com/
Chevez is currently kicking out large oil companies that are not in compliance with the new government rules...is training civilians...even women how to shoot rifles....is taking over land ownership and forming coops....forming closer alliances to Iran...etc...harassing the US Ambassador...etc....
Chavez is buying his military stuff from Russia not the US....
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In my humblest opinion high oil prices are high because of war drums and those responsible for beating them...
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If the US were to have spent the kind of money that has been spent on the Iraq war on alternative energy....many new and lasting industries and US jobs would have been created...and this money would have dwarfed the gains made in Iraq....and would have actually created more peace and wealth for all the worlds people....
War never was/is/will be a solution for a solid and well founded alternative energy program....
The Bush/Cheney fiasco has set the US back over 20 years with regards to alternative energy.....
To Bush..the US is just a country club....Both he and Cheney think they are going to walk away scott free....Maybe so...maybe not...To Cheney...it´s a substantial deferred payment plan...
With a substantial alternative energy plan....oil would go down very substantially and quickly.....$20 to $30.....
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Thus the economics of Iran having the bomb simply feeds the ¨war drum¨pricing obeyance in an enduring high mode...and if oil were at a solid $50 floor...Chavez could possibly brag he has the number one position in reserves etc...He would like to fix $50 for the reason of making this statement...Number One in the world ..ahead of Saudi Arabia in reserves...etc...
The actual use of such a weapon would only bring the industry to ruin...as it would be this if anything...to start the alternative energy revolution...
The biggest catch 22...and the real reason that Bush/Cheney were so important in starting it is that it would take taxing subsidies to keep it alive long enough to get the products into the marketplace where they could swim alongside $25 oil.....
This is where the ball has been dropped big time ....