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

To: michael97123 who wrote (184363)	3/31/2006 12:24:05 PM
From: Noel de Leon	Read Replies (1) \| Respond to of 281500

The US consumption of ME oil is about 17% of US oil consumption, reducing that to the half would effectively put off price increases for a short period since demand for ME oil would fall for a short period (not in big oil's interest). As China, India, and Brazil increase their demand then prices would increase again. China's dependence on ME oil would increase forcing them to economize. They are doing that now with gigantic wind mill projects. Such a reduction wouldn't force any country to be more dependent on ME oil since the effect is short term on oil consumption but long term on independence of ME oil. Al-Qaeda killed 3000 and cost about 27 billion in direct costs. ccc.nps.navy.mil The national debt approaches 9 trillion.