View Single Post
  #751  
Old 06-09-2008, 09:28 PM
Craig
Guest
 
Posts: n/a
Quote:
Originally Posted by pmckechnie View Post
rcounts, I agree with you 100%. However the rich in this country could care less about the poor.....
I honestly don't see this as a "rich" v. "poor" issue; it is a "short term" v. "long term" issue. Do we really think it's appropriate to print more money to support our current energy consumption/production imbalance? How many years do we think that will work before the economic bubble bursts? Do we really want to hand this mess off to our kids (as well as the next generation of "poor" people)?

I really don't understand the argument that we need lower prices and more production at the same time, that's not how it works. The only way you will get energy business to invest in capacity is to increase the value of their product. What would you do if you were on the board of directors, would you start a 5 year refinery project today that is dependent on $90/barrel oil in the future to make a profit? I certainly wouldn't.
Reply With Quote