[Red Badger]

(Why It's better for us at the moment to let it decline)

So we can pay $10 a gallon for gasoline and thus end global warming forever?........

[PsyOp]

So we can pay $10 a gallon for gasoline and thus end global warming forever?........

I believe the author has it right. And once economic reality hits China in the face, their demand for fuel (due to their ability to pay) will drop off. That will lower the price for all. You might have a point if energy supply and demand were static, but they are not. Neither is technology.

And like the guys says, China cannot keep under-cutting the world forever, if the dollar is allowed to fall to a point where they are not making any profit. The Chinese can subsidize for a while but not forever. Our economy has the flexibility to deal with these things, theirs does not.

[shrinkermd]

This kind of reasoning is akin to that where one has bilateral mid thigh amputations as a quick weight loss strategy.