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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (68895)	4/29/2008 8:38:01 AM
From: average joe	Respond to of 74559

Where is Edward L. Doheny when you need him. They should crack the ANWR open right now. en.wikipedia.org

To: Snowshoe who wrote (68895)	4/29/2008 2:41:43 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 74559

Snow, oil can't get to $500 a barrel in 2007 dollars. Before it gets to that, people will simply use less of it and production will increase, heaters will be turned off and warm clothes worn indoors. Actually, the price could get to that, temporarily, but it would be a spike which wouldn't last long. I think the price is already at a peak and people are squealing to politicians to cut fuel taxes, rob the oil companies or do other counter productive things, which the politicians will do. Cutting taxes is counter productive because we have to cut CO2 emissions; but maybe everyone has stopped worrying about that now that they are hungry and out of money for fuel. Hunger and poverty have a way of changing perspectives. Suddenly, the greenhouse effect is not such a big worry. Especially since Alaskka is reverting to ice age already and the cold was bleak in Cnina, Baghdad and elsewhere. Also, by raising taxes at borders instead of internally, economic development is localized and production doesn't depend on places prone to collapse or revolution or cruel totalitarians. I used to be in favour of free trade and still am, but I'm also in favour of no taxes inside countries. States own enough assets to cover essential costs. For example, roads, mineral rights, schools, buildings, parks, spectrum, courts [criminals' body parts should fetch a good price at auction], citizenship [sale of tradable citizenships to a great place would raise mega$billions]. They don't need to also tax serfs of the state. Taxing foreigners who are likely to invade or otherwise do harm is better. Mqurice