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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (1776)	8/18/2008 3:20:04 PM
From: TimF	Read Replies (1) \| Respond to of 86356

That's only correct when trade is balanced. No, that's correct under all circumstances. Its correct by definition. OTOH it may just be a case of the definition not containing the meaning that you want to express, and the meaning itself being meaningful, whether or not the word is correct. You would have to express the argument another way for it to be clear. Furthermore I'm using transfer as an economics term of art. In more general use, being a purchase wouldn't prevent it from being a transfer. When I buy groceries, I "transfer" funds to the grocery store, even though I am paying for something rather than just handing over money. But then either as an economics term of art, or by any normal everyday definition of purchase, the oil is being purchased here. Balance of trade is entirely irrelevant to that point.

To: Hawkmoon who wrote (1776)	8/19/2008 10:34:03 AM
From: RetiredNow	Read Replies (1) \| Respond to of 86356

Hawkmoon, Tim is not very good at economics. He must have failed Econ 101. He doesn't understand how the price of oil is manipulated and does not include the full cost due to US military subsidies. In addition, he doesn't understand that a country as dependent as we are on one energy source like oil is on a fast track to insolvency. He also doesn't understand that the oil revenues that our worst enemies get from us is used to undermine our interests abroad. In short, he doesn't understand the connection of all of our biggest problems to one root cause...our dependence on oil. All of those things are to complex for him. Put more than one variable in your discussions and his logic implodes.