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

To: Eric who wrote (6063)	3/12/2009 10:58:02 PM
From: Brumar89	Read Replies (1) \| Respond to of 86355

I'm not advocating tearing down existing generation Good. My biggest worry is the next price spike in oil. It's going to come much quicker than the last one. There will certainly be another - we're laying the seeds for it now. The timing is what I don't know. How soon will the US and world economy turn around??

To: Eric who wrote (6063)	3/13/2009 12:11:07 PM
From: RetiredNow	Respond to of 86355

I agree. Especially with this downturn, it's created a situation where oil companies have pushed off investment in new projects, especially in the harder to reach places. That will constrain future supply. So the question is whether the downturn has destroyed an equal amount of demand. If that demand comes back with a recovering economy, then demand/supply imbalances could mean a very rapid rise in oil prices. That could very well put the brakes on our economy, right at the time we need it to grow. Yet another reason to unshackle our economy from dependence on oil. Energy diversification is a national imperative. The only silver lining of increased oil prices is of course the increased investment we'll see in renewables.