Posted on 10/03/2009 8:48:14 AM PDT by SeekAndFind
bump
China has strategies for the future unlike B.Hussein. They say the next world war will be over resources.
But... but solar and wind power are the future.
oilgae may be. Plants have no problems runnning on solar especially undesireable plants.
The chart you posted does not seem to jive with the chart taken from Forbes ( see Post #1), which chart is to be believed ?
Anyone have a long term chart of like a DOW energy index chart. I guess a long term Yahoo Finance chart of Exxon might work. Yahoo on exxon goes back to about 1970. Looks like in 1970 it was $3 to 4 which is worth $66.58 today not including dividends. So you would have increased your money about 16 times over a 40 year period with probably an avg dividend yield of 2.5% as icing on the cake.
I would think long term - energy would be better than gold. Holding something like SPDRs Energy ticker XLE.
One is China specific
One is world wide
Ahh, I see. Thanks.
Prices are good right now. China’s been buying commodities across the board they have massive amounts of foreign reserves just sitting there otherwise. Looks like three options for them. demand increases and they make a killing, massive internal bank defaults on the widespread speculation, or armed conflict. Considering the massive influence they have on dollar denominated commodities, the rush to purchase them could be taken as widespread belief in dollar weakening. Probably a sound bet IMO.
Because we need energy to light and heat our homes - gold only lights up our eyes and hearts except in the rare cases it gets used in electronics.
Death to ChiNazi
It's pretty clear the US needs to:
1) slash the size of government 40%,
2) forget about cap-and-trade, dem-style immigration reform and "health care reform"
3) reduce taxes and incentivize job-creating investments,
4) drill for our own oil and push back on the Chinese oil grab.
Can it happen under this Congress? Of course not.
HF
4) drill for our own oil and push back on the Chinese oil grab.
Although I'm in favor of offshore drilling and opening ANWR, I don't think those effort (even if enacted) will be sufficient.
We need to develop transportation infrastructure that is less petro-dependent.
And I'm not talking about dinky little hybrid Obamamobiles or junk science hydrogen vehicles.
We need to build more nuclear power plants to supply electrically powered mass transit systems (light rail, high-speed rail and Maglev) to service our more densely populated regions and urban areas.
It's not a panacea, but it will definitely reduce our dependence on Oil.
Eh, every barrel more of oil produced is one more barrel of oil on the market.
If we’re too d@mn stupid to look around to boost production, then we shouldn’t be b@tching when someone else fills our shoes.
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