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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (1130)	10/12/2005 4:50:08 AM
From: Maurice Winn	Respond to of 218660

ElM, carmaker overcapacity is easily fixed. They can close. Easy peasy. With low unemployment, those people can get jobs doing something more useful than producing huge SUVs. Toyota can fill the need for smaller vehicles [with help from Honda, Nissan and others]. Pension crisis? You mean GM's? No problem with pensions. Old people will just have to make do with less, or keep working as do lots of old people like Bernie Schwartz and Irwin Jacobs [if 70 is considered old these days]. Oil prices won't keep going up. As you've said, there are already many economic alternatives such as your beloved ethanol. The oil producers do NOT want to have too many replacements get a grip because they won't go away unless oil prices drop a longgggg way and some won't go away even at $10 a barrel once they are built [such as nuclear reactors, hydro schemes, geothermal stations, insulation, cyberspace sales instead of driving to a store]. Mqurice