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http://news.bbc.co.uk/2/hi/americas/4665758.stm
I know of many people who'd accuse him of the pot calling the kettle black, but I think its good that he's warning/stating the very real dangers of "isolationism and protectionism leading to "danger and decline"." He also says that ""America is addicted to oil, which is often imported from unstable parts of the world. The best way to break this addiction is through technology."" |
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So, that's what that statement means. At one time, as an economic purist I would have supported it. But what breaks the WTO model is that the laws and levels of life aren't the same everywhere. Maybe that model would result in a more homogenized and economically equal world in the end, but it sacrifices generations of Americans between now and then on the altar of free trade, and I cannot support that. The day China's environmental and labor protection laws, and wages, match ours, then I'll support unfettered free trade. Not before. |
<font face="Verdana" size="3" color="#009999">Plus, Bush has his eye on Alberta oil sands. He is quite aware that much of future oil will be coming from north of the border from Saudi Alberta. We now have the technology to strip mine this oil so it can make a profit. Those trucks that transport the oil sand for processing are amazing and you don't relize how large they are until you stand next to one, the electric shovels are even more impressive.</font>
[ 02-01-2006, 12:23 PM: Message edited by: pritchke ] |
Well, that's more sense than I'm used to hearing from President Bush, especially about addiction to oil. Looming elections obviously do him some good.
[ 02-01-2006, 02:37 PM: Message edited by: shamrock_uk ] |
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I agree we do have a very wasteful lifestyle, and we use way too much natural resources from abroad. But, me tinks the technology is already here, all we need to do is subsidse it, and let'r rip. That country dude, Willie Nelson is doing pretty good with his "Green Diesel", I'm sure we can all pull together on this, and make a better alternative, quickly, and cheaply . |
I agree that subsidies are the way to go. Ideally you'd ramp up the price of petrol to reflect the true cost of use, but as that would give the economy something of a headache I can cope with subsidies instead.
Ah well, we'll just have to see if any of this actually happens. |
<font color = lightgreen>Contrast that with the economic tidbit released a day or two ago about Exxon-Mobil recording a record $12 billion profit for last year; they claim that their margin on sales is only 8%, but still...that is a huge pile of money. [img]graemlins/saywhat.gif[/img] They probably won't like us lessening our dependence upon oil, at least until they can buy controlling interests in newer technologies. </font>
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I seem to recall urban rumors (snopes has something like that, I think) about OPEC buying majority shares of all the "serious" alternatives to gas and such, and then scrapping the project, or something to that effect. Can anyone comment on it?
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intereting tidbits you might not be able to see in other news articles.
smh.com Quote:
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hydrogen fuel within reach
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