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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (128187)	11/30/2012 11:50:40 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 149317

"versus the reality that the Baby Boomers are consuming all resources in sight" Oh, it's worse than that... there are about 3 B Chinese and Indians trying to become boomers themselves. If they could, these 3 countries will be consuming 2.25 X current world oil production, as well as other resources. I don't see that as viable. A similar paper, just out. Exhaustible resources and economic growth By James D. Hamilton, Ph.D. My view is that stagnant world oil production and doubling in the real price of oil over 2005-2010 put significant burdens on the oil-consuming economies. Optimists may expect the next century and a half to look like the last. But we should also consider the possibility that it will be only the next decade that looks like the last. Message 28576789