Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: Wyätt Gwyön who wrote (2528)	6/20/2003 11:44:10 AM
From: LLCF	Read Replies (1) of 4905

<the problem with this kind of facile analysis is that it will be physically impossible for it to happen. economic growth in the modern world requires energy--he who has the most energy produces the most. > Well, that would be the middle east... are they more likely to be friendly to US or China??? No need to answer. So you think that makes it 'physically impossible'?? What does that mean? <how much more energy will China need before our grandchildren are relegated to the status of servants for a billion-plus Chinese yuppies?> That's not the way it works... when there are a billion Chinese yuppies, their time will be up. Plus, you don't end up being servants, you just become irrelevant... GB, Germany, France.... etc. <this actually understates the impending pricing pressure on oil due to Chinese economic growth > But who can trade for oil??? US?? NO, China... yes! IMO this factor FAVORS the fall of US and rise of China! We're the ones who's lifestyle is dependent on cheap oil, they will drive price up, hurting the oil consumers... US. BIG PAIN COMING OUR WAY under your scenario IMO. DAK

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