Quote:
Originally Posted by HI Cobra
What would you recommend?
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It is what the American Public has decided to do. In the 1970's the Public for a variety of reasons (thru the elective process) decided to let the market rather than the goverment determine our energy policy. Rush isn't right about much but he is likely right about alternative energy sources replacing
oil when the profit is there. It is very risky to let a "Congress" motivated by local economic interests set a energy policy, for example the recent biofuel program that comsumes more energy than it produces, raises the price of food etc... all to benefit the midwest farmers. One of the OPEC Ministers recently remarked that the Stone Age didn't end because we ran out of stones, but because a more effective technology came along and that is what has always happened throughout history. And that is what will happen in the
oil age. I suspect that the price of
oil is a bubble that is created by the devaluation of the dollar and the foolish threats by Bush and the Israelies against Iran. It is hard to believe that the demand for oil has more than doubled in the last 6 months ?? The bubble has already burst and it is likely that this is highest price we will ever pay for gasoline in real dollars assuming there is no war in the Middle East....in short...short oil...