Posted by
Don Stevens on Saturday, September 06, 2008 8:49:12 PM
I guess the question is will the green god kill or save capitalism.
God was once red. Now god is green. Will the green giant be an angry green giant and smite capitalism or a jolly green giant and save it.
The USA has a lot of energy options. Congress left town in june without an energy bill to give their friends time to get out of the gold market. when the USA passes serious energy legislation Au crashes.
Who's to say the USA won't be exporting petro in 25 years? What! Oil shales in Wyoming, Colorado, Utah. Harvested with geothermal and nuclear power. Yup. A small surplus. Russia is not the only large northern country with options on the future. Who in1935 cd have predicted VtNm? OK, maybe a French intellectual.
Seriously, spend 2 weeks contemplating a USA which imports only 14 barrels of oil per yer. I don't say ZERO because you can't divide by zero nd in some equations, we may want to divide by the vol of petro imports. You may think "That is impossible!" OK, gthat's your choice.