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#1 Oil is a major or vital "Achilles Heel" for both the US + Rising China, + of course the rest of the World, which is why the pre/proto-OWG "consensus is that there is no consensus" as per "PEAK OIL/ENERGY/RESOURCES" SHOULD BE UNACCEPTABLE TO EVERYONE.
Can't have a SPACE GOVT-ORDER, let alone de facto Deep Space Exploration + Colonization, iff one doesn't have the resources or proper resources to do so, correct???
[Guam Taotamonas, "MAD MAX" MOVIES here].
Posted by JosephMendiola 2012-11-13 00:28||
#2 Not with Obama's new flexibility.
Posted by g(r)omgoru 2012-11-13 07:54||
#3 The silver lining is Obama won't let the US drill or exploit any of that so when we are rebuilding civilization after the depression the US will be positioned nicely.
Posted by rjschwarz 2012-11-13 15:17||
#4 I don't believe this. The US will not save itself by becoming the world's biggest oil producer. The price it pays for oil, whether produced domestically or imported, will continue its painful rise, and will continue to clamp US economic growth. The Bernank's quantitative easing aggravates the situation, but US dollar devaluation is not the only factor in rising oil prices. Falling EROEI is the main element.
Posted by Anguper Hupomosing9418 2012-11-13 15:53||