posted on Jun, 14 2008 @ 01:26 PM
With people having less money for imported goods from China, Chinese demand for oil might just go down when this effects their production. Then
China's demand for oil should also go down.
With oil producers charging so much for oil and it's shipping, what they import from us, if any, would have higher costs also.
I don't have available to me this kind of public transportation, but, if it were, I think I would see those fares go way up too, especially, if they
buy new fleets of hybrid buses.
Truckers need to change to hybrids, just as the locomotives were designed as. Using natural gas and propane for light deliveries etc.
I think the price of oil per barrel should be frozen around 100.00 per barrel and the taxes shifted to offset the costs of production, such as oil
sands from Canada. Gas should return to $3.00 gal. for regular unleaded and frozen also.
The tax money used for new production and alternatives in and around the North American continent. This could be used for lowering the costs of
hybrids and high efficiency cars,especially, for those who wouldn't normally be able to afford one. Subsidized auto loans and or leasing for car
pooling etc. Green credits for car pooling etc. Green credits could come back as tax rebates in the form of a gas card.
As for the war in Irag, we should get oil credits from Iraq if we haven't already. What's the latest on Iraq paying us back or any agreement?
The price for "protection" of mideast oil is apparently higher than it's worth, making the US military the enforcers.