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


To: longnshort who wrote (11025)7/9/2009 7:01:59 PM
From: jrhana  Read Replies (1) | Respond to of 86355
 
At the very least the use of NG would be beneficial for the trade balance

<Max Keiser: Quick question. What should the Treasury Secretary be doing?

Craig Roberts: He should be trying to save the dollar as the world's reserve currency which means stopping the wars, reducing the bailout money, and trying to reduce the trade and budget deficits in order to save the dollar. That's what he should be doing.>

globaleconomicanalysis.blogspot.com



To: longnshort who wrote (11025)7/9/2009 8:04:47 PM
From: RetiredNow  Read Replies (1) | Respond to of 86355
 
The reason is that NG is something we have plenty of, so we wouldn't need to spend hundreds of billions in other countries to import it to ours.

Most importantly, I'm against oil imports because most of that money goes to countries which are our worst enemies (Venezuela, Russia, Middle East). Oil has distorted our foreign policy. I want our country's foreign policy and economy to be decoupled from oil and I want the petro-dictatorships that get their power from oil to wither away and die. That's good for the US. Oil is bad for the US.