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Politics : Politics for Pros- moderated
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To: LindyBill who wrote (210791)7/5/2007 12:07:57 PM
From: Steve Lokness  Read Replies (1) of 793965
 
LindyBill; Interesting article. I agree with the author on Ethanol.

Political talk about "energy security" is Washington code for consumers paying higher prices for more expensive domestically produced fuels. Why have politicians turned against consumers?

Exactly! Why? .......... What the author fails to understand is the role - or rather the fall - of the American dollar in international economics. Why is it that oil continues to go up (72.00) this morning (ouch!) and gas prices are falling? The American dollar!! The continual decline in the American dollar is likely to mean higher and higher oil prices - to Americans. Thanks Mr. Greenspan.

This is of course a two edged sword. American products (read profits) sold overseas do well, while imports increase in price. Oil being an import rises higher and higher and unless the dollar slide is abated - or unless we can become less dependent on oil we pay more for oil and our standard of living will decrease.

Soooooo, while the author is right about ethanol - he is wrong to understand the need for energy independence given recent trends. (Also note that this is more important than one might expect because of the trend to abandon the America dollar in the world of oil trading.)

steve
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