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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (184804)3/15/2004 7:57:51 PM
From: Road Walker  Read Replies (1) of 1573922
 
re: The term "Dead end" was used.

It's a "dead end" policy. Once production growth starts trailing consumption growth, things will break very bad wrt price. If you understood anything about commodity prices, you would get a hint that this will not be a gradual, let's see what we can do in the next 30 years, problem. That's why we started the oil wars.

re: The price goes up until supply and demand balance.

And that balance will be achieved by a recession at best, more likely a depression. On the other hand, we could have conservation, alternative energy programs, and incentives to build new businesses (and jobs). We could be proactive.

John
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