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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (15704)	9/29/2002 1:10:33 PM
From: long-gone	Read Replies (1) \| Respond to of 81019

Is S.A. a net petroleum exporter or importer? How's the economy in S.A.? tottering on the edge of a great depression - as is the rest of the world? Guess an even better question is are the largest economies on earth net petroleum exporters or importers? USA - importer, Europe - importer Japan - importer - by greater % than the prior two. Have you thought about that which happen next after the US takes out Saddam? The world's largest most efficient petroleum concerns move in & rework the fields - repair the rigs & start pumping at rates unseen since before Saddam came into power - and the back of OPEC is broken for all time. This will result in a 10-25% price reduction at the pump in the US. It will result in a 5-7$ reduction in Japan, & a 3-5% reduction in pump price in Europe! There will be a 8-12% reduction in price of jet fuel & will show a spin-off result of less petroleum wasted in enforcing the no fly zone over Iraq. Thus longer range tourism can have a chance at recovery & the cost of world transit of imports / exports will be reduced. This is the same as a NET WORLD TAX CUT! Have you checked out tourism figures for any major world destination for the last 8 months? Near absolute failure! Next, The people of Iraq who have been forced into poverty will have immediate work & those working hard in the oil fields will consume far more food & any surplus of world food will be reduced - and these workers will be able to afford food - instead of smuggled-in starvation level food hand-outs from world aid groups. Lastly, the world's technology is perhaps only 60-72 months away from viable safe economical FUEL CELLS for automotive transportation - if all goes well - if the companies have enough money to spend on R&D! If not, this might stretch into 15 YEARS! If we do this now, clean low cost transportation is within the grasp of every person in the world - in our lifetimes - if not, the technology roll-out might be forestalled by another 25-75 years before reaching the poorest nations! This is the difference between a world wide depression & resulting world war - from which man won't survive - & a chance at continued progress. Oh, & btw you're concerned about the spread of radical Islam into S.A. - the rest of the world? If Radical Islam is robbed of petrodollars it is more quickly & surely stopped than with all the arms & bullets & armies in all of the non-Moslem world! Saddam isn't only holding his people & economy hostage, he is harming the economy of the entire world - and without need as Iraq has a much richer natural geography than many of the other oil economies of the middle east. Iraq can survive & perhaps even prosper in a free market democracy. With no change the Iraqi national economy & people are doomed - when the oil does run out & or the petroleum economy ends.