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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Taikun who wrote (34185)8/5/2004 3:38:47 PM
From: Bearcatbob  Read Replies (2) of 206307
 
ENERGY PRICES AND FOREIGN EXCHANGE:

This is a subject I have been pondering lately. It is said that the dollar must fall to balance our traded deficit. If that happens the price of energy goes up and the trade deficit goes up. My only conclusion is that some traumatic event will force us to address a national energy policy where both conservation and production will have to be emphasized - and in particular nuclear and clean fuels from coal.

The whole concept of trade deficit reduction revolves around substitution. We must substitute domestic energy for foreign energy.

That means higher prices - and great profits for domestic producers along the way.
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