posted on Apr, 10 2004 @ 10:31 AM
Originally posted by worldwatcher
are you really suggesting we thank China, or are you putting the blame on China...because right now it's the problem may be partly to blame on
China's increasing need, but China will not be the only one with higher demands...as we continue to globalize, more countries will also develop their
btw there are alternatives already, but for some unknown reason, our govt (not just this administration) doesn't want to give up on the black stuff.
They probably feel it would be too expensive to refit everything to use the alternatives.
If you were asking me, no, I am not thanking China for this. I am quie concerned. And not just about oil prices. It's just that they are the first
to show themselves as spiralling upward due to increased world demand.
Other raw materials and manufactured producats are sure to join the list of things becoming more expensive.
In response to your alternataive fuels paragraph, I have often wondered at the fear we have of nuclear power plants when other parts of the world have
them, no problem. Is this becasue the govt has instilled this fear? To keep up dependent on oil? Why?
Another product that had higher prices due to China and other countries was BEEF. Last summer, after the beef scares in Canada and the US, the price
of beef soard.
One of the reasons was the supply was limited. What most of us didn't know was the supply was even less than it should be: The beef industry had
with mainly Japan, China and other parts of Asia. Those contracts were fulfilled first. We had a much smaller supply becasue
of these contracts; hence the higher prices than expected. BTW, those prices were supposed to come down after the first of the year. Ha-ha!
I have no link to this. My butcher showed me a letter last year from the beef assoc. or whatever, spelling this all out.
[Edited on 10-4-2004 by DontTreadOnMe]