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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (182100)	2/4/2004 3:37:46 PM
From: tejek	Read Replies (1) \| Respond to of 1575344

Ted, The West would be better off weaning itself off oil and finding alternative energy sources. That's a good idea, but I hope you don't think it's a panacea to all of the problems in the Middle East. Until we find an energy source that's better in every single way than oil, we'll be stuck with alternatives whose costs outweigh the benefits. And the Middle East will find other customers for their oil. We consume 25% of the world's oil production. The ME will hard pressed to find a replacement. We may up being forced into that position in any case thanks to the hubris and policies of the current administration. I'm not sure what you mean by this. How is the current administration forcing us into a position where we have to rely on alternative energy sources? Although the paragraph reads that way, I didn't necessarily mean that we would be forced off our oil diet by the war in Iraq. What I meant was that the administration's policies may cause dramatic changes in the ME that may well not be to our liking. Is the Middle East going to stop selling their oil to the West? Hardly. I agree. However, we may have ignited so much instability that oil production could falter, pushing oil prices up. During this last world wide recession and since the advent of the war, oil prices rarely have gotten below $30 per barrel. That's extremely unusual with demand as low as its been. If civil war should break out in say Iran and/or Syria, how much higher will the price per barrel go and what will that do to our economy? ted