Quote:
Originally Posted by Northeaster
The fact is, It's far better for 99% of the population And the over all economy for the public to save, or spend, thousands of dollars per year on things other than fuel. Of course it's not great for every one, but that's usually the way things go.
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In the long run, Oil is not good for anyone in the US. High or Low.
Low prices mean a drop in US production, and then more cheap Oil imports come in. That leads to increased use, and also a large trade debt.
High prices mean an increase in US production, with more (very nasty) pollution, and expensive energy costs for everyone.
Best path for US is Off Oil -- without regard to the price.
Without needing Oil for transportation, we could have balanced trade (more jobs here) and much less pollution.
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