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

To: RetiredNow who wrote (1803)	8/19/2008 4:43:36 PM
From: Brumar89	Respond to of 86355

The true market price imo is quoted in the papers every day. Futures transactions, market decisions by OPEC and everyone else in the world does affect the price. Thats what makes the price. As for American military spending, I think your argument is worthless. If we were magically to discover a perfect replacement for every gallon of oil we use, would we slash our military spending? I know you think so, but its not a foregone conclusion at all. Much of our military spending is to keep us the number one military superpower and thus secure from attack by major powers. A lot is also for the purpose of protecting and honoring our treaty obligations - NATO, ASEAN, etc. We have military assets in Germany, Italy, Norway, Greenland - is this solely to protect oil from the N Sea and from the Mediterranean, iyo? Besides if one were to claim much of our military spending is to protect international trade (in oil), that principle should be applied to all goods traded internationally - copper we import from Chile, sugar from Brazil, grains and meat from the US traded to other countries, manufactured goods to and from China and Europe, and much more - much more than simply oil. So portions of our military spending ought to be allocated to all of those things. The portion of our military spending allocated to oil should in turn be allocated to all of our oil imports, only about 15% of which come from the ME.