Originally posted by SiONiX
Luxurious? You are aware that oil is in 90% of what you see when you look around, and if it's not in the product itself it is needed to produce
it?
RIght, electricity isn't involve anywhere in this process and neither is the coal burnt to 'produce' ( long story) it.
I'm glad there are some sane governments that work towards green energy and new materials.
So am i but to do this unless it's a strategic imperative ( Europe, Japan, Etc) is a massive miss-allocation of public funds presuming a reasonable
oil price of around 10 - 20 USD per barrel.
It's laughable when countries like the US stick to oil because they fear they could damage their economies if they do otherwise, the day of
the cruel awakening will come!
The US economy will suffer immensely if oil prices keep dropping as this will lead to a rather serious decline in usage of dollars in the world
economy. If no one wants to dollar the US government can not keep making debt and if they can't keep making debt US banks will slowly and surely
implode as they start failing to meet the margin costs of maintaining the massive debt structure.
Obviously this isn't something that ever HAD to be this way but the US economy is most certainly heavily invested in high oil prices.
Stellar
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