Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : No Mideast Oil Products - A petition -- Ignore unavailable to you. Want to Upgrade?

To: Original Mad Dog who wrote (184)	10/16/2001 6:05:29 PM
From: schrodingers_cat	Respond to of 280

As much as I love the idea of energy independence, I'm forced to agree with you that it simply isn't practical at the present. We are so interlinked in a web of global trading relationships, that we can't disentangle ourselves from the Mid-East and its problems. >I guess we should be helping them plan for that eventuality. Otherwise, of course, it will be our fault when it happens, and they will blow up more of our buildings to express their frustrations. LOL Why is the US always to blame for everything? These are sovereign states, it should be up to them to plan for their future.

To: Original Mad Dog who wrote (184)	10/16/2001 6:25:24 PM
From: BigBull	Respond to of 280

The assumption you make is that world oil demand would simply absorb a relatively quick 13% cut in US demand. That might be true in the long term but in the short to medium term it would not. The already weak oil markets would plummet. Even the threat of such a cut would send shock waves through the oil trading pits. You cited Japan. That country is on the verge of economic collapse. Demand for oil there is currently anemic and will grow more so. Also Japans nuclear power industry has made them much less reliant on oil than you might think.