How to Stop the BP OIl Leak
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Originally Posted By: Tempest
Originally Posted By: javacontour
How much military aid has been spent in the gulf region during the same period? Using the same inflation adjusted dollars?
How much has that foreign oil boosted our GDP?
Well considering any product made in any other country by owned by a US company is included in that figure I wouldn't think GDP is the right figure.
On a grander scale our stabilizing effect in the Gulf affects everyone worldwide. Now that's a subsidy.
Originally Posted By: javacontour
How much military aid has been spent in the gulf region during the same period? Using the same inflation adjusted dollars?
How much has that foreign oil boosted our GDP?
Well considering any product made in any other country by owned by a US company is included in that figure I wouldn't think GDP is the right figure.
On a grander scale our stabilizing effect in the Gulf affects everyone worldwide. Now that's a subsidy.
Originally Posted By: Shannow
Aren't you the bloke who has repeatedly told me that the (ever expanding) market will be able to respond correctly to oil being a finite resource ?
How would a disruption collapse it, when it is capable of responding to ultimately running out ?
Because it's being done artificially. Most other countries (outside of the Euro nitwits) aren't going to restrict their own access to oil. So by artificially increasing oil prices in the US we will be shooting our own leg off and allowing other countries to surpass us. This is incredibly stupid, and HURTS our national security.
Oil is cheap, available, and raises people's standard of living where ever it is available in an open market. We should take full advantage of that. The more that oil powered machines can do, the less menial labor has to done by people (would you rather be digging ditches or tilling fields?). This gives them time to do other things...like work on the next power source. FURTHER, it gives them the economic ability to AFFORD it when it will be needed as oil becomes more scarce.
This is the market at work, and is what has happened to allow western countries their standards of living.
Aren't you the bloke who has repeatedly told me that the (ever expanding) market will be able to respond correctly to oil being a finite resource ?
How would a disruption collapse it, when it is capable of responding to ultimately running out ?
Because it's being done artificially. Most other countries (outside of the Euro nitwits) aren't going to restrict their own access to oil. So by artificially increasing oil prices in the US we will be shooting our own leg off and allowing other countries to surpass us. This is incredibly stupid, and HURTS our national security.
Oil is cheap, available, and raises people's standard of living where ever it is available in an open market. We should take full advantage of that. The more that oil powered machines can do, the less menial labor has to done by people (would you rather be digging ditches or tilling fields?). This gives them time to do other things...like work on the next power source. FURTHER, it gives them the economic ability to AFFORD it when it will be needed as oil becomes more scarce.
This is the market at work, and is what has happened to allow western countries their standards of living.
What would happen if oil were restricted here? We would still need fuel, even just to make food and transport it. Were would that come from?
Answer: Ethanol..because we have the subsidized infrastructure for it. So, we would be using vastly more land to make fuel than we are now, raising food prices dramatically higher (ADDING to the first increase due to increased energy prices). Much higher food prices = poor economy = and people STARVING TO DEATH in the third world because there is less food and MOVING that lesser amount of food becomes much more expensive due to restricted energy.
THIS is what people really want when they advocate higher oil prices.
Answer: Ethanol..because we have the subsidized infrastructure for it. So, we would be using vastly more land to make fuel than we are now, raising food prices dramatically higher (ADDING to the first increase due to increased energy prices). Much higher food prices = poor economy = and people STARVING TO DEATH in the third world because there is less food and MOVING that lesser amount of food becomes much more expensive due to restricted energy.
THIS is what people really want when they advocate higher oil prices.
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