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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (319846)1/10/2007 3:00:50 AM
From: Elroy  Read Replies (1) of 1574050
 
I think the point he is making is do you accept that that's the way things are ie we have an oil dependency on the ME, or do you try to change things? IMO not trying to change this negative dependency is very wrong.

In a global economy some nations will always be dependent on others. The Brits were dependent on the Chinese for tea, the Swiss are dependent on the Americans for PC operating systems, the Japanese are dependent on other countries for almost all commodities, etc. It's a natural reaction to individual country's specialization or their possession of natural resources.

I'm not sure the US's dependency on oil is necessarily bad. It allows Americans a higher quality of life (we drive everywhere) and allows our economy to run more smoothly than it would if we did not buy foreign oil. The fact that we buy it proves that it is worth more to us than the $58 per barrel that it costs us, or we wouldn't buy it. Right? We would rather have oil be free, but it's not, so our decision to purchase it from Arabs implies that the benefit we get from Arab oil outweighs its cost. If not, we wouldn't buy. No?

Of course if there are cost effective ways to reduce our demand for oil without damaging our economy, that would be good, but we'd still be dependent on Nestle for chocolate, Columbia for coffee, and dependent on every foreign product we choose to purchase. It's not a bad thing, it implies that the foreigners are able to make the desired product more cost effectively than we are. That is not in and of itself bad.
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