The econmic meltdown doesn't scare me as much as the next world war. The economy has had meltdowns before and it will again. I believe the US is resourcful enough to come back. Though our great dependacy on foreign oil could make that a lot harder.
As oil is depleted more and more there will be maneuvering by countries to retain/adquire/secure the last reserves. Is it completely outside the realm of possiblities that's why we're in iraq. China's army out numbers us at least 2 to 1, but not as advanced and trained. India's army is becoming more advanced all the time. Both of which are a lot closer than us to the middle east. Give them 10-20 years. US has dug a pretty deep hole. Carter had put in new CAFE (milage requiremnts for cars/trucks) requiremnts that Reagan through out. If they had stayed it could have greatly reduced our dependancy on oil. Transportation uses 74% of the 20+ mbbls we use a day of oil. On Mon, 29 Aug 2005 07:16:11 -0700 (PDT), Kirk McLoren wrote > http://www.theaustralian.news.com.au/printpage/0,5942,16416680, > 00.html > --------------------------------- > Print this page > Dumping of US dollar could trigger 'economic September 11' > There is a potentially fatal flaw at the heart of the global > economy: the strong possibility of financial meltdown following a > collapse of confidence in the greenback, Clyde Prestowitz tells > Bruce Stannard 29aug05 > > THE nightmare scenario that haunts global strategist Clyde > Prestowitz is an economic September 11 -- a worldwide financial > panic triggered by a sudden massive sell-off of US dollars that > would lead inexorably to the collapse of economies around the world. > _______________________________________________ Biofuel mailing list Biofuel@sustainablelists.org http://sustainablelists.org/mailman/listinfo/biofuel_sustainablelists.org Biofuel at Journey to Forever: http://journeytoforever.org/biofuel.html Search the combined Biofuel and Biofuels-biz list archives (50,000 messages): http://www.mail-archive.com/biofuel@sustainablelists.org/
