Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Red Badger
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.

24 posted on 08/08/2007 1:56:53 PM PDT by PsyOp (Truth in itself is rarely sufficient to make men act. - Clauswitz, On War, 1832.)
[ Post Reply | Private Reply | To 2 | View Replies ]


To: PsyOp

The problem is OPEC sells oil in dollars, and buys most of their imported goods in euros. A weak dollar makes them angry, and they hold back supply, just as they did in the 1970’s and just as they have done the past few years. I do give the author credit for knowing the Phillips no longer works.


39 posted on 08/08/2007 2:14:38 PM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
[ Post Reply | Private Reply | To 24 | View Replies ]

To: PsyOp

Why do you suppose it costs more dollars to buy that same barrel of oil? Hint: it isn’t because the barrels are getting bigger. Demand is higher, but still.


94 posted on 08/08/2007 7:14:02 PM PDT by Freedom4US
[ Post Reply | Private Reply | To 24 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson