"Phil J" wrote in message
...
On Apr 8, 7:59 am, "Jay Honeck" wrote:
I don't think you've thought this all the way through, Martin. The affect
on the world economy of $100/barrel oil prices is staggering. The recent
run-up in gas prices alone has thrown the U.S. into a major (if
media-enhanced) recession.

Trillions of dollars that were being spent on, oh, say, *food*, is now
being
spent on oil. The economy can't make that up instantly or fully,
translating into terrible hardship for common folks.
snip
You may wish to ponder this, Martin. You're well protected from a
backlash,
sitting in Austria, but at some point people around the world -- stupid,
slow, and easily kept in the dark for short periods -- are going to wake
up
to the fact that their economic hard times are due to people who think
like
*you*.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993www.AlexisParkInn.com
"Your Aviation Destination"

So I guess the huge increases in demand for oil from China and India
aren't responsible for the high price of oil? It's all because of
environmentalists? What happened to supply and demand?

If the Arctic National Wildlife Refuge oil reserves were used to
supply 5% of the U.S. demand, they would last about 12 years. That's
hardly a real solution to the problem. The oil shale in Colorado
would be expensive to extract and refine. It's not going to yield
fuel that is cheaper than what we have today. Same goes for the
Canadian oil sands. They will yield oil, but not cheap oil.
snip


I think your desire to blame environmentalists is an
oversimplification of a complicated situation. I think your
description of short-sighted leadership is probably pretty correct,
but not for the reasons you like to believe.

Phil


Nicely said.

Happy landings