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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 455.37+3.1%Feb 6 4:00 PM EST

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To: TobagoJack who wrote (35057)5/22/2008 8:21:10 AM
From: Seeker of Truth  Read Replies (8) of 220075
 
One thing and in my view only that one thing can stop the upward rush of the oil price. It would be an all out declaration, in January 2009, by the next president that a "war" for replacing oil with all the other energy sources has started, The US being the major hog of oil, its influence would be greatest. The US could heavily tax all new oil-consuming vehicles, and subsidize
coal
natural gas
wave power
tide power
uranium
new dams and hydroelectric generation.
underground heat in selected sites.
wind power
solar power
Also myriad recycling of materials would become compulsory.
If this were done, both oil and gold would gradually decrease in Euro price, not drastically of course but the oil price explosion would be over.
Chance of this drive being implemented? My guess is 0.1
Seeker of Truth
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