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Crude oil traded near a three-week low in New York on concern slowing global economic growth will trim demand.
U.S. President George W. Bush yesterday warned Arab allies in the Gulf of the dangers posed by neighboring Iran, the region's second-biggest oil producer and exporter.
Bombing Iran to "protect" Israel would stop Iran's production and increase price. With that, more falling dollar against oil. WooHOO!
I agree, how much more are we going to take depending on foreign oil?! Open up the fields in Alaska and open some new refineries. Then lets come up with a solid system to get us off oil for fuel.
Energy uses resources and costs money. Any alternative to oill would just shift the burden somewhere else. You can only create a supply of hydrogen by applying another form of energy to the processing. You can only create ethanol by mowing down all the rainforests and planting corn, and then processing the corn using energy from somewhere else.
The thing that needs to be attacked is transportation. Everybody has a computer in their house---why do then need to transport their bodies to another building to use a different computer to access exactly the same data? All the private cars in the USA use more energy every year than all the private homes do. Why does a man in New York need to fly business-class to Los Angeles to talk to a man who has a telephone on his desk? While during the 12 hours of flying time, he is perfectly capable of doing the rest of his job on the same laptop he uses in his house?
In the 1950s, one man walking to work produced enough buying power to support a family of five. Today, two people driving cars to work generage enough buying power to support a family of three. So we have reduced our productivity to one-third of what it used to be, and burn about half our energy output to get us there.
Energy uses resources and costs money. Any alternative to oill would just shift the burden somewhere else. You can only create a supply of hydrogen by applying another form of energy to the processing. You can only create ethanol by mowing down all the rainforests and planting corn, and then processing the corn using energy from somewhere else.
The thing that needs to be attacked is transportation. Everybody has a computer in their house---why do then need to transport their bodies to another building to use a different computer to access exactly the same data? All the private cars in the USA use more energy every year than all the private homes do. Why does a man in New York need to fly business-class to Los Angeles to talk to a man who has a telephone on his desk? While during the 12 hours of flying time, he is perfectly capable of doing the rest of his job on the same laptop he uses in his house?
In the 1950s, one man walking to work produced enough buying power to support a family of five. Today, two people driving cars to work generage enough buying power to support a family of three. So we have reduced our productivity to one-third of what it used to be, and burn about half our energy output to get us there.
That's one option. Another is to put people to work making things besides dollars. Increasing capital investment stimulates the economy. It's not the tax cuts that drive those numbers up, it's the money businesses and individuals have after the tax cuts that create new jobs and stimulate growth.
I never knew economics could be so fascinating until last month. I always found them tedious because it was a guessing game.
Let's stop wringing our hands about what might happen if we attack Iran, as though that's a good idea even in theory, and start demanding that our leaders pursue detente with the Iranians. Contrary to the racist stereotypes of people who get all their information from talk radio, we can deal with the a nuclear Iran just like we dealt with a nuclear Russia and China and we're now forced to deal with a nuclear North Korea.
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