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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: el_gaviero who wrote (6593)	2/11/2002 7:08:28 AM
From: que seria	Read Replies (1) of 206184

el gaviero: True enough that declining or significantly more expensive hydrocarbon production will reduce economic growth, but the scenario you paint may not credit the government's willingness to assure alternative fuel sources before things ever get that bad. I have a low opinion of gov't as a rule, but a people such as ours will respond when their backs are against the wall. For now, relatively good times allow for a lot of ostriches in office. You can't have a nuclear reactor or a windmill in your car or bus, but if we moved in the direction of nations such as France and Japan for the grid, we'd free up a lot of oil for transportation. That is where we'll go long before we have any move back toward a Hobbesian situation. The greater threat to society would then be the degree of risk, from mishaps and terrorism, that is unique to nuclear power. That is one reason I believe that while tax credits are generally to be avoided, the feds ought to be giving them out freely where they have marginal utility in fostering use of proven "green" methods of power supply or use reduction.

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