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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Michael Watkins who wrote (147647)	10/11/2004 11:17:37 PM
From: Keith Feral	Read Replies (4) \| Respond to of 281500

Seems like the outline for the next dotcom boom has been identified. Cat is already out of the bag with oil prices spiking to $53 a barrel. Most analysts are still pegging EPS for major oil companies to $35 a barrel for oil in 2005. Should we hope for JDSU or SUNW to recover as the Kings of the market or go long CVX and XOM? My bet is with the latter. A 4 fold increase in the price of gas from $2 to $8 would certainly cripple the competive advantage of cheap labor from China. Maybe the end to global imperialism will take place because of the full realization that consumer goods cannot be made in foreign sweatshops and shipped to the US at 10 times the cost. The demand push for goods and serivces is under tight surveillance.

To: Michael Watkins who wrote (147647)	10/12/2004 1:46:51 PM
From: GST	Read Replies (1) \| Respond to of 281500

Despite the key role played by oil, there is precious little discussion of the need to change our consumption patterns. China is, sadly, simply following in our footsteps. The lack of interest in two of the most pressing issues of our time -- energy consumption and global warming -- suggests we as a people are very self-centered and short-term in orientation.

To: Michael Watkins who wrote (147647)	10/12/2004 8:27:07 PM
From: TimF	Read Replies (1) \| Respond to of 281500

As for oil and gasoline prices being at all time highs see Message 20627455 In England current average prices are .85£ / litre which translates to $1.53 USD per litre 3.785 l/g = $5.79 USD per gallon.* That's mostly tax. Subsidizing the good life on relatively cheap energy is a plan that works only while energy remains cheap. It doesn't involve a subsidy. Even in the US we have taxes making gasoline, diesel, ect. more expensive. Some countries do have subsidies but they tend to be third world countries will relatively small consumption. Tim