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December 16, 2007 at 10:53 AM #118515December 16, 2007 at 5:57 PM #118471Sandi EganParticipant
Allan,
you make some sound points, but do you seriously compare a group of criminals to some of the most powerful countries of XX century?
U.S. ended up in the best overall situation after WWII, because it managed to stay extremely strong economy-wise. In 1980-s, USSR overspread itself to so many fronts, which lead to its collapse. And again, less aggressive US policy allowed for a much better results. Why repeat their mistakes?
Just look what happened in the world during last 10. China, Russia, India, Brazil are in much better economic shape, cut their debt, had enormous economic grows. None of them has troops abroad, but somehow their national interest are intact and nobody attacks them. We, on the other hand, only increased our debt, lost thousands of lives, killed hundreds of thousands of innocent people and alienated many allies. Do you feel more secure as a result?
Regarding oil. The cost of oil was less than $20/barrel before the war. Now it’s about $100. Import from middle east constitutes less than 50% of US supply. Even if some evil forces came to power over there and flatly refused to trade with us, what would happen? Could the price go up 5 times? No way! We could pay double to other oil producers, and buy as much as we needed. And those Arab countries would still have to sell their oil to someone, thus filling demand on the market. The high oil price today is a result of uncertainty. Markets are afraid of another war that could completely cut oil supply from the region, and THAT is the reason for todays prices.
December 16, 2007 at 5:57 PM #118602Sandi EganParticipantAllan,
you make some sound points, but do you seriously compare a group of criminals to some of the most powerful countries of XX century?
U.S. ended up in the best overall situation after WWII, because it managed to stay extremely strong economy-wise. In 1980-s, USSR overspread itself to so many fronts, which lead to its collapse. And again, less aggressive US policy allowed for a much better results. Why repeat their mistakes?
Just look what happened in the world during last 10. China, Russia, India, Brazil are in much better economic shape, cut their debt, had enormous economic grows. None of them has troops abroad, but somehow their national interest are intact and nobody attacks them. We, on the other hand, only increased our debt, lost thousands of lives, killed hundreds of thousands of innocent people and alienated many allies. Do you feel more secure as a result?
Regarding oil. The cost of oil was less than $20/barrel before the war. Now it’s about $100. Import from middle east constitutes less than 50% of US supply. Even if some evil forces came to power over there and flatly refused to trade with us, what would happen? Could the price go up 5 times? No way! We could pay double to other oil producers, and buy as much as we needed. And those Arab countries would still have to sell their oil to someone, thus filling demand on the market. The high oil price today is a result of uncertainty. Markets are afraid of another war that could completely cut oil supply from the region, and THAT is the reason for todays prices.
December 16, 2007 at 5:57 PM #118637Sandi EganParticipantAllan,
you make some sound points, but do you seriously compare a group of criminals to some of the most powerful countries of XX century?
U.S. ended up in the best overall situation after WWII, because it managed to stay extremely strong economy-wise. In 1980-s, USSR overspread itself to so many fronts, which lead to its collapse. And again, less aggressive US policy allowed for a much better results. Why repeat their mistakes?
Just look what happened in the world during last 10. China, Russia, India, Brazil are in much better economic shape, cut their debt, had enormous economic grows. None of them has troops abroad, but somehow their national interest are intact and nobody attacks them. We, on the other hand, only increased our debt, lost thousands of lives, killed hundreds of thousands of innocent people and alienated many allies. Do you feel more secure as a result?
Regarding oil. The cost of oil was less than $20/barrel before the war. Now it’s about $100. Import from middle east constitutes less than 50% of US supply. Even if some evil forces came to power over there and flatly refused to trade with us, what would happen? Could the price go up 5 times? No way! We could pay double to other oil producers, and buy as much as we needed. And those Arab countries would still have to sell their oil to someone, thus filling demand on the market. The high oil price today is a result of uncertainty. Markets are afraid of another war that could completely cut oil supply from the region, and THAT is the reason for todays prices.
December 16, 2007 at 5:57 PM #118678Sandi EganParticipantAllan,
you make some sound points, but do you seriously compare a group of criminals to some of the most powerful countries of XX century?
U.S. ended up in the best overall situation after WWII, because it managed to stay extremely strong economy-wise. In 1980-s, USSR overspread itself to so many fronts, which lead to its collapse. And again, less aggressive US policy allowed for a much better results. Why repeat their mistakes?
Just look what happened in the world during last 10. China, Russia, India, Brazil are in much better economic shape, cut their debt, had enormous economic grows. None of them has troops abroad, but somehow their national interest are intact and nobody attacks them. We, on the other hand, only increased our debt, lost thousands of lives, killed hundreds of thousands of innocent people and alienated many allies. Do you feel more secure as a result?
Regarding oil. The cost of oil was less than $20/barrel before the war. Now it’s about $100. Import from middle east constitutes less than 50% of US supply. Even if some evil forces came to power over there and flatly refused to trade with us, what would happen? Could the price go up 5 times? No way! We could pay double to other oil producers, and buy as much as we needed. And those Arab countries would still have to sell their oil to someone, thus filling demand on the market. The high oil price today is a result of uncertainty. Markets are afraid of another war that could completely cut oil supply from the region, and THAT is the reason for todays prices.
December 16, 2007 at 5:57 PM #118698Sandi EganParticipantAllan,
you make some sound points, but do you seriously compare a group of criminals to some of the most powerful countries of XX century?
U.S. ended up in the best overall situation after WWII, because it managed to stay extremely strong economy-wise. In 1980-s, USSR overspread itself to so many fronts, which lead to its collapse. And again, less aggressive US policy allowed for a much better results. Why repeat their mistakes?
Just look what happened in the world during last 10. China, Russia, India, Brazil are in much better economic shape, cut their debt, had enormous economic grows. None of them has troops abroad, but somehow their national interest are intact and nobody attacks them. We, on the other hand, only increased our debt, lost thousands of lives, killed hundreds of thousands of innocent people and alienated many allies. Do you feel more secure as a result?
Regarding oil. The cost of oil was less than $20/barrel before the war. Now it’s about $100. Import from middle east constitutes less than 50% of US supply. Even if some evil forces came to power over there and flatly refused to trade with us, what would happen? Could the price go up 5 times? No way! We could pay double to other oil producers, and buy as much as we needed. And those Arab countries would still have to sell their oil to someone, thus filling demand on the market. The high oil price today is a result of uncertainty. Markets are afraid of another war that could completely cut oil supply from the region, and THAT is the reason for todays prices.
December 16, 2007 at 6:01 PM #118481drunkleParticipantwhat is the relationship of the cost of oil to the cost of gas? i suspect that gas is being artificially suppressed…
December 16, 2007 at 6:01 PM #118612drunkleParticipantwhat is the relationship of the cost of oil to the cost of gas? i suspect that gas is being artificially suppressed…
December 16, 2007 at 6:01 PM #118647drunkleParticipantwhat is the relationship of the cost of oil to the cost of gas? i suspect that gas is being artificially suppressed…
December 16, 2007 at 6:01 PM #118688drunkleParticipantwhat is the relationship of the cost of oil to the cost of gas? i suspect that gas is being artificially suppressed…
December 16, 2007 at 6:01 PM #118708drunkleParticipantwhat is the relationship of the cost of oil to the cost of gas? i suspect that gas is being artificially suppressed…
December 16, 2007 at 7:12 PM #118541Allan from FallbrookParticipantSandi: I would argue that much of the increase in the price of oil has to do with China’s energy demands as it’s economy expands. Look at the prices of steel, iron ore, and other materials and consumables. All are up, and considerably. To argue that the price of oil is up solely because of the Iraq war is somewhat specious, to say the least.
As far as Russia goes: It’s economic success is nearly all due to it’s energy exports. It is lapsing back into authoritarianism, it is corrupt and nearly entirely dependent on oil and natural gas exports for hard currency. It has no economy to speak of, and foreign investors are running for the exits.
In the case of both China and India, they have both experienced exponential growth. However, both of them are now suffering from overstretch. Labor costs have mushroomed in both countries, and both are hamstrung due to lack of qualified management and legal personnel. Neither economy can continue expanding at the present rate, and neither possesses a strong enough government, legal system or financial infrastructure to support future, sustained growth.
I can’t comment on Brazil, but if history is any indicator, Brazil is probably part of the same boom and bust cycle that most South American countries such as Venezuela, Brazil and Argentina find themselves part of periodically.
The “allies” we have alienated, such as Germany, France and Italy, are part of the same group that have done nothing to combat terrorism, or bear their fair share of responsibility for ensuring stability and order through either NATO or the UN. If I am going to entrust my security to someone, I doubt seriously it would be either the UN or the european security collective (CSCE).
December 16, 2007 at 7:12 PM #118675Allan from FallbrookParticipantSandi: I would argue that much of the increase in the price of oil has to do with China’s energy demands as it’s economy expands. Look at the prices of steel, iron ore, and other materials and consumables. All are up, and considerably. To argue that the price of oil is up solely because of the Iraq war is somewhat specious, to say the least.
As far as Russia goes: It’s economic success is nearly all due to it’s energy exports. It is lapsing back into authoritarianism, it is corrupt and nearly entirely dependent on oil and natural gas exports for hard currency. It has no economy to speak of, and foreign investors are running for the exits.
In the case of both China and India, they have both experienced exponential growth. However, both of them are now suffering from overstretch. Labor costs have mushroomed in both countries, and both are hamstrung due to lack of qualified management and legal personnel. Neither economy can continue expanding at the present rate, and neither possesses a strong enough government, legal system or financial infrastructure to support future, sustained growth.
I can’t comment on Brazil, but if history is any indicator, Brazil is probably part of the same boom and bust cycle that most South American countries such as Venezuela, Brazil and Argentina find themselves part of periodically.
The “allies” we have alienated, such as Germany, France and Italy, are part of the same group that have done nothing to combat terrorism, or bear their fair share of responsibility for ensuring stability and order through either NATO or the UN. If I am going to entrust my security to someone, I doubt seriously it would be either the UN or the european security collective (CSCE).
December 16, 2007 at 7:12 PM #118707Allan from FallbrookParticipantSandi: I would argue that much of the increase in the price of oil has to do with China’s energy demands as it’s economy expands. Look at the prices of steel, iron ore, and other materials and consumables. All are up, and considerably. To argue that the price of oil is up solely because of the Iraq war is somewhat specious, to say the least.
As far as Russia goes: It’s economic success is nearly all due to it’s energy exports. It is lapsing back into authoritarianism, it is corrupt and nearly entirely dependent on oil and natural gas exports for hard currency. It has no economy to speak of, and foreign investors are running for the exits.
In the case of both China and India, they have both experienced exponential growth. However, both of them are now suffering from overstretch. Labor costs have mushroomed in both countries, and both are hamstrung due to lack of qualified management and legal personnel. Neither economy can continue expanding at the present rate, and neither possesses a strong enough government, legal system or financial infrastructure to support future, sustained growth.
I can’t comment on Brazil, but if history is any indicator, Brazil is probably part of the same boom and bust cycle that most South American countries such as Venezuela, Brazil and Argentina find themselves part of periodically.
The “allies” we have alienated, such as Germany, France and Italy, are part of the same group that have done nothing to combat terrorism, or bear their fair share of responsibility for ensuring stability and order through either NATO or the UN. If I am going to entrust my security to someone, I doubt seriously it would be either the UN or the european security collective (CSCE).
December 16, 2007 at 7:12 PM #118748Allan from FallbrookParticipantSandi: I would argue that much of the increase in the price of oil has to do with China’s energy demands as it’s economy expands. Look at the prices of steel, iron ore, and other materials and consumables. All are up, and considerably. To argue that the price of oil is up solely because of the Iraq war is somewhat specious, to say the least.
As far as Russia goes: It’s economic success is nearly all due to it’s energy exports. It is lapsing back into authoritarianism, it is corrupt and nearly entirely dependent on oil and natural gas exports for hard currency. It has no economy to speak of, and foreign investors are running for the exits.
In the case of both China and India, they have both experienced exponential growth. However, both of them are now suffering from overstretch. Labor costs have mushroomed in both countries, and both are hamstrung due to lack of qualified management and legal personnel. Neither economy can continue expanding at the present rate, and neither possesses a strong enough government, legal system or financial infrastructure to support future, sustained growth.
I can’t comment on Brazil, but if history is any indicator, Brazil is probably part of the same boom and bust cycle that most South American countries such as Venezuela, Brazil and Argentina find themselves part of periodically.
The “allies” we have alienated, such as Germany, France and Italy, are part of the same group that have done nothing to combat terrorism, or bear their fair share of responsibility for ensuring stability and order through either NATO or the UN. If I am going to entrust my security to someone, I doubt seriously it would be either the UN or the european security collective (CSCE).
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