redbaron

A Fed Rate Hike Won't Solve the Current Crisis

I agree, and would also add this. If the US had not of exported all our jobs to the BRIC countries, they would not be using all this oil, and this problem would be much easier to manage. I can't see how we can put the genie back in the bottle however, and the emerging countries are going to continue to emerge, i.e., use more oil.

The people trying to manage this problem with financial manipulations, may well fail. What then?

I think T. Boone Pickens has it exactly correct, as the recent natural gas discoveries in this country are enough to supply his proposals and bridge us to the next fuel, hydrogen.