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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: SiouxPal who wrote (26242)	7/4/2005 1:03:50 PM
From: Wharf Rat	Read Replies (4) \| Respond to of 361936

Global warming and peak oil are closely related. Solving the latter will go a long way to helping out the former. "prices will peak by the end of this year, and decline by 10 per cent in 2006 as the Chinese economy slows, reducing demand. Chinese imports have been crucial to propping up the oil price in the last two years." May not just be China slowing. Prices this high will slow everything down, and we may even be back to a short term glut like in the '70s. Some of these guys are predicting a series of rolling recessions, where we never get quite back to where we were before. The experts think the oil shocks in the '70s dropped consumption so much it pushed back the world peak l0-15 years. I think China will try to keep going like gangbusters to polish up for the Olympics. When they get that infrastructure together, they will be slowing down for a while. I'm really beginning to believe that it won't be their century after all; not enuf energy available for them to do it. Bird flu pandemic would buy us lots of time, too.