PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: J_F_Shepard who wrote (325505)	12/3/2002 11:12:03 PM
From: RON BL	Read Replies (1) of 769670

The following charts of cocoa, wheat, gold, oil, and natural gas are just a prelude of things to come. The US and Western Europe will be competing for all of these things with the world’s largest economic power, China, in this new century. At a time when Western oil production will go into serious decline, China’s voracious appetite for energy will more than double, then triple. The only source available large enough to supply this demand will be the Middle East. Soon, in this next decade, China will become the largest consumer of energy in the world. For this very reason, Western and Eastern nations will all want a stake or say so in what happens in this region. The present war will be one of many to come to plague and disrupt the supply of energy around the globe. Any nation that is not self sufficient in energy will pay a terrible price in economic terms for this lack of self-sufficiency. We in the West must learn to become self sufficient in energy if we are to see our economies prosper in the next decade. Without a cheap supply of abundant energy, our economies will stagnate financialsense.com

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