Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: elmatador who wrote (9306)	9/14/2006 1:38:07 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 220353

ElM, Britain has a bit more going for it than North Sea oil. Since the oil was first found, when oil figured large in GDP and had gone from $2 a barrel to $40 a barrel in 6 years, GDP has boomed and oil importance has dwindled. Britain has gone from "British Disease", unions, high unemployment and decline, to a robust economy. I don't think Britain is going to be materially affected by oil production decline. If oil went to $1000 a barrel and it was all imported, Britain would be better off in many ways, from the point of view of a lot of people who are sick of traffic jams. There is LOTS of public transport, so more trains and buses could be put on the roads and the remaining few motorists could cruise, unimpeded by low value, or negative value, people blocking the streets. The USA would have to build some serious public transport, but that would be easy as they have vast road networks which could have any number of buses put on them in a short time. Mqurice