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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%Jan 9 4:00 PM EST

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To: KyrosL who wrote (37892)8/4/2008 12:01:47 AM
From: Rolla Coasta  Read Replies (1) of 219231
 
The US has all the essential resources, including energy resources, if it decides to consume wisely.

The US consumes too much oil, and cannot revert the process. It is not about how much resource it has, but how would you refine it. How do you increase refining capacity ? Equipment is getting rusty year after year, and have to wait another 20 to 30 years for new completion. IMO, there must be a painful & abrupt end to this consumption of oil. Gasoline will be at $5 or more per gal if the US is cut off from foreign oil.
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