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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: The Ox who wrote (93793)	4/23/2008 9:00:17 PM
From: patron_anejo_por_favor	Read Replies (1) of 110194

It's their oil. They can take a bath in it if they want, they can sell some to us if they want, they can save some for a rainy day. AFA Kuwait is concerned, did we really think that Our mission, rather than trying to pry it out of their hands, should be to come to grips with becoming energy self sufficient. We shoulda been doing this for the last 35 years, the writing was on the wall. But we chose to ignore it and now we're paying the price. Railing at OPEC or Venezuela does no good (unless you're a pol trying to appeal to the baser nature of American voters). It's not just OPEC, either, Russia is reserving more of it's production for domestic consumption. Exports are going to decrease worldwide, if not for peak than for political reasons we have no control over (e.g, are we going to fight 10 Iraqs simultaneously? I think not). If we're smart, we'll push through with alternate technologies from here on out irrespective of the nominal price of oil. It's the best of several bad choices, but it's essential for U.S. security for the next century.

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