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To: TobagoJack who wrote (30853)	4/5/2003 11:46:51 PM
From: Moominoid	Respond to of 74559

But the low price is obtained with subsidies including military expenditure. So even not taking environmental externalities into consideration it is inefficient.

To: TobagoJack who wrote (30853)	4/5/2003 11:47:59 PM
From: elmatador	Respond to of 74559

<<conservation can only be enforced with high price>> I would say that the application of brainpower can -like in many aspects of economic activity- help. I can give you the case of how Brazil fought back: 1.000cc cars are 75% of all new cars sold. Gasoline needs additives. When most countries were suing leaded gasoline, we just added 22% of Ethanol, produced from sugar cane as the additive. Price was always high for gasoline to subsidize diesel. Develop technology to drill for oil in deep water. Build pipelines to bring gas from Bolivia. 95% of the energy from Hidropower. All that could be even better had we not had a monopoly for petroleum. But we monopoly broken, it will be ven better in the future. But of course not everyone has brain power and perfer to rely on muscle :-)

To: TobagoJack who wrote (30853)	4/5/2003 11:59:36 PM
From: elmatador	Respond to of 74559

Jay, what if oil not enough to pay Iraq's reconstruction, weapons used and demands for compensation?? Oil money first will be used to pay for the bombs that killed the Iraqis. then compensation for Kuwait The compensation for Iran's war Then an assorted bunch of law suits Remaining money will be used to reconstruct Iraq's infrastructure. Perhaps there won't be enough money and the Iraqis will be left far worse than under Saddam. Parodying, LLCF: That will be popular!