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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (92314)7/8/2012 8:44:57 AM
From: elmatador  Respond to of 220015
 
Preparing to costly energy:

Older folks, being rich countries' majority will vote against infrastructure investments to adjust to costly energy.

They'd prefer money spent on the way of live they've got used to and on their welfare.

This happens at a time long term projects must be tackled. Older folks long term is 10 years.

Younger nations are putting projects for the next 100 years:

Young US and Europe: Suez and Panama Canals.

Young Brazil and China: Itaipu and Three Gorges dams.

Rich countries' folks will vote to keep the status quo.



To: Haim R. Branisteanu who wrote (92314)7/8/2012 8:55:50 AM
From: KyrosL1 Recommendation  Read Replies (1) | Respond to of 220015
 
WONDER WHY THE HUGE DIFFERENCES
Because those tables and graphs do not really show the cost of oil extraction but rather the oil price which the corresponding countries need to balance their budgets, which are mostly based on oil export earnings.