cynic69

David Fry's Market Outlook for Tuesday

David
I share your frustration with the lack of an energy policy but you have missed the major issue. Its seems so obvious that our grand children are going to live in a world where the demand for oil is higher than the supply (search for "Hubbert's Peak). This situation is going to cause recession and chaos (big business –read Exxon- is largely to blame). James Howard Kunstler says in his book “The Long Emergency” that there are NO alternatives to carbon energy. Even if he is only partially right the world is soon going to be in a great deal of trouble. The kind of energy policy we should have had is one that produces a low energy foot print for civilization. This means that instead of the oil companies being rich the designers and engineers that can build the kind of energy efficient life style that relies on conservation and sustainable energy sources will prosper (why don’t all structures in the U.S. have solar panels and geothermal temperature control systems?). Greed and stupidity have placed the U.S. in a position where we are at the mercy of the maniacs in the middle east and the world class crooks that run the governments in Africa’s oil producing nations. When we buy gasoline at the pump some of the profits go to buy fine liquor for the royal family and pay the “teachers” at the madrasas where the students chant cute slogans – “Death To America”.

Gale Whitaker