2008/7/5 ralph rau <[EMAIL PROTECTED]>: > There are some definite "benefits" including: > > (1) America will become poorer and therefor have less wealth to squander on > invading the rest of the world. > > (2) America and the rest of the world will just have to use less oil. This > means less CO2 emmissions. Humankind will get some relief from global warming. > > (3) The world will finally be incentivised to develop alternate technologies > which have been postponed for too long due to dirt cheap oil which just 7 odd > years ago was below $ 20. After all,t oil production has peaked and the world > will run out of oil in less than 100 years - maybe in 50 or 75 years. > > Oil at $ 200? Yes...bring it on. > > Ralph Rau > Dubai
RESPONSE: You might be out of a job, oil in the ground is no good to the Oil producing Nations! The sooner Countries like India and China stop subsidies the sooner we shall have a curb on oil consumption. Politics will be played in India and our resident BJP stalwarts will cry hoarse...foul! The bottom line is, someone has to pick up the tab for the subsidies and in India it is the poor people who have to do so, through increases in prices of staple foods. India was shining, during BJP rule, or was it really? Today it is about tanked out. If the Sensex gets to 12,000 buy like mad, sell your mother-in-law. If Stg/Inr gets to 90, fill yer boots up man! If there are any perpetual or first class Bonds in India including Govt. debt yielding above 10 percent, again fill yer boots up man. -- DEV BOREM KORUM. Gabe Menezes. London, England