Before our Great Depression,what was the European governments greatest
fear?Answer;our economy failing,nothing has changed!

When chinese want more and more oil they buy it out of the market and
price rices.

That's very simple.

Reg:    Harri

You get around.

.

The semi-free US economy keeps the rest of the Euro/CA socialists
afloat.
No doubt.  Weaken the US significantly and the socialist economies
don't survive.
All they'll do is grab more control.  Because, by definition, that's
what socialists do.

Collin
KC8TKA

Not necessarily.  Consider the decades following WWII, when ruined
European and Japanese economies were developing, yet the US was fairly
prosperous concurrently.  As the third world countries develop, they
become not only producers, but consumers.  GM sells a lot of vehicles in
China now.

The limited and diminishing supply of petroleum is an altogether
differet problem, and when it gets bad enough, some enterprising people
will develop a replacement.

Uuuurgh - here in the SouthEast U.S., diesel was at or less than
regular prices a couple of year ago. It is now higher than premium.
This has nothing to do with globalization, and everything to do
with the government and petroleum companies believing (correctly)
that the average American consumer has been rendered completely
idiotic by watching too many episodes of Jerry Springer.

When we re-affirmed our voting commitment to Prez Shrub and his
Saudi buddies (quiz - how many 9/11 terrorists were Saudi?) we
sent a clear message that we would bend over and take it in the
rear sans vaseline. When we had the nerve to squeak at the resulting
rise in fuel prices, there was some fast sleight-of-hand, and gas
prices were (temporarily) lowered - but they raised diesel prices.
We thanked the government for saving us yet again, but failed to
notice that we were still paying higher fuel prices - but we were
paing them at the grocery store - because the major consumers of
diesel in the U.S. are truckers. Ooops.

On the flip side - Petroleum is a finite resource. No matter which
theory of petroleum creation you subscribe to, we will run out,
sooner or later - or to be more accurate, we won't run out - it
will just become increasingly scarce and expensive. So what the
heck - let Bush and his petrol buddies make a few bucks while they
can, because sooner or later, we are going to have to change
something and sooner is better than later. And frankly, when I
think of the image of certain mid-east governments sucking the
last few drops of oil from dry sand, while American farmers are
getting paid to raise veggie-oil crops, it can't happen too soon.

Cheers,

Conrad