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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: tradermike_1999 who started this subject9/14/2001 1:02:38 AM
From: exeric2  Read Replies (2) of 74559
 
I just finished watching a program on PBS about Bin Laden. It was very interesting. One of things brought out was that Bin Laden, though from a very wealthy Saudi family, thinks the Saudi royal family is a corrupt puppet of the USA. He wants Americans out of Saudi Arabia.

It is becoming evident that in almost all the Muslim countries of the Middle East the majority of the population, usually the less well educated and lower income group, are much more radical than the government in place in those countries.

Even if we are able to get Bin Laden it appears that any government there that helps might then be overthrown just like the Shah of Iran was. Even though we think the fundamentalist muslims are irrational they are such a significant portion of the populations there that this problem can't be minimized. The bottom line is that we can't change their opinion of us and they want us out of their countries and don't want their governments cooperating with the USA.

What this country needs to do is develop alternative sources of energy. As long as we need Middle East oil there is no way we can completely leave their countries. As long as we are there they think we are contaminating their Muslim soil. We should go about finding and investing in alternative energy sources like our lives depend on it.

If even one oil exporting country is overthrown we will be in a severe oil shortage almost instantaneously. Don't even think about what will happen if the Saudi royal family is overthrown. A severe oil shortage appears to me to be the likely outcome of any scenario that develops from here on in. We should keep this in mind at all times during the next months as it will overwhelm any other trends that are currently in force in our economy...

And we should encourage our law makers to fund research NOW on alternative energy sources!

I hope I'm wrong.
Eric
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