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Politics : Politics for Pros- moderated
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To: John Carragher who wrote (253304)6/6/2008 9:26:48 AM
From: KLP  Read Replies (2) of 793670
 
Demand is slowing down because prices are too high. The economy is falling -- the unemployment rate is already going up -- airlines are putting their planes in mothballs, and laying off thousands -- food prices are skyrocketing -- corn and all grain products are now very expensive -- meat products are relatively cheap now because the producers are killing their herds because it isn't possible to feed them and make even a bit of profit -- people aren't driving or flying to vacations because of the fuel, which will put the tourism industry into a spiral downward ----

And just think..... We're less than 6 months into the problem. What will a year or two bring? ESPECIALLY with the taxes going up to such high levels....

China and India and the developing countries are NOT going to stop their demand for oil. We are in competition with them and others for the world oil.

Yes, we SHOULD be building refineries -- Yes, we SHOULD be drilling for our own oil -- And yes, we should continue to seek alternative fuel that is at least the same efficiency as is oil --

Right now, that efficiency just is NOT there.

wonder if we need it? if demand is slowing down, ten years from now refineries could be in moth balls. Doesn't it take five years to build one?
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