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Oil $75 a Barrel!

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posted on Apr, 22 2006 @ 01:37 AM
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The province of Alberta in Canada is thinking of giving another round of "Ralph Bucks" (400 dollar checks to every citizen in the province) because it has so much oil wealth.

Yet Canadians and others are not getting cheap gas.

Why?




posted on Apr, 22 2006 @ 01:44 AM
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With the price of oil continually rising, and those oil barons and the rest who have there dirty paws in the oil money bag continuing to manipulate the price per barrel and the world economic situation along the way, don't you think that if the price of oil continues to sky-rocket that the cost of transporting goods internationally will become unviable!

It will soon get to a point where it'll be cheaper for the governments of the world to sponsor and build new manufacturing plants locally to produce goods that they used to import previously. Even thou those goods might be cheaper to manufacture, the cost would be greater than producing locally by the large cost of transporting the goods to your country.

Therefore, the rising price of oil might be largely a bad thing but if it manages to retain manufacturing in western countries rather than going offshore to Asia to produce the goods, then it would be a positive side-effect in that more local people who dont have a trade or qualification behind them would be able to get a manufacturing job.

More jobs, euqls more employed, equals more tax and profit for the government.

Melbourne_Militia



posted on Apr, 23 2006 @ 12:40 AM
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High oil prices lead to rampant inflation (remember the 70's), but it also means fewer people can afford to drive hither and thither in their SUVs to the detriment of the environment. If peak oil (and coal and gas, for that matter) is a reality, it might just save this planet. Back to horse and buggy, I suppose.



 
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