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To: Snowshoe who wrote (254515)6/14/2008 10:06:50 PM
From: greenspirit  Respond to of 793658
 
Thanks, yes, I intended to write barrels and wrote dollars instead.

The paradigm we need to shift to is the adoption of boundaryless solutions. Extracting new sources of oil from within the United States is a big part of that solution. Those who cling to the notion that we can solve our energy needs by neglecting oil, are stuck in the paradigm of the past 20 years.

We know where that has gotten us; dependence on foreign dictators, despots and those who care little about America. Huge spikes in energy prices and more involvement in the interest of Middle East problems than most Americans desire.



To: Snowshoe who wrote (254515)6/15/2008 2:49:30 AM
From: KLP  Respond to of 793658
 
It may be a push Snow....but most of the jobs won't return, IMO. People without jobs won't be purchasing as many goods and services, and with gas prices so high, everything will grind to a halt.

While many manufacturers are re-evaluating production strategies, there are limits to how many jobs will flow back to the U.S. One problem is that much of the basic infrastructure needed to support many industries -- such as suppliers who specialize in producing parts or repairing machines -- has dwindled or disappeared.

U.S. job losses in manufacturing have averaged 41,000 a month so far this year -- nearly double the pace last year, with sectors such as autos and construction materials tied to the housing slump especially hard hit. In essence, every job added as a result of companies pulling work back home is being more than offset by others reeling from the domestic slump.

Higher fuel costs "may slow the outsourcing of goods in the future, rather than causing a massive shift back of those things that have already been outsourced," says Daniel Meckstroth, an economist at the Manufacturers Alliance/MAPI, a public policy group in Arlington, Va.



To: Snowshoe who wrote (254515)6/15/2008 6:56:17 AM
From: skinowski  Read Replies (1) | Respond to of 793658
 
With global demand pushing 90 million barrels a day, the 10 billion in ANWR would help the situation, but they are by no means the solution. Just enough to keep the world running for a few months.

The International Energy Agency Friday increased its forecast for 2008 daily global oil demand. IEA now expects daily global oil demand to increase by 2.1 million barrels to 87.8 million barrels, or an increase of 210,000 barrels per day from the group's previous estimate.

bloggingstocks.com

Interesting story in the Times - genetically modified bacteria produce an oil-like substance. This does have the ring of something which may be important in the future:

timesonline.co.uk