|
Certainly the Price of Oil has yet to get any where near two hundred dollars a Barrel.
For Presidential Hopeful Hillary Clinton, the USA will go to war to secure what resources it wants in the fasion of robber barons of centuries past...over the dead bodies of holdouts. That kind of thinking would make poor U.S. citizens expendable at the rate of two per tanker truck per mile.
We are at one hundred and twenty dollars a barrel.
But what would make Oil worth two hundred dollars a Barrel?
-The capacity to build a single city for one billion people over the next hundred years. A city capable of employing, housing and feeding one billion people who perhaps live in poverty and disease. Such an achievement would use up the resources of a nation.
-The Terraforming and Colonization of the Planet Mars by ten million new citizens would require something along the line of a Space Commonwealth with absolute sovereignty over all of space beyond earth. Such an effort would cost such a citizenless nation twenty billion billion dollars and use up the resources of a world over a two hundred year period.
|
-The capacity to build a single city for one billion people over the next hundred years. A city capable of employing, housing and feeding one billion people who perhaps live in poverty and disease. Such an achievement would use up the resources of a nation.
-The Terraforming and Colonization of the Planet Mars by ten million new citizens would require something along the line of a Space Commonwealth with absolute sovereignty over all of space beyond earth. Such an effort would cost such a citizenless nation twenty billion billion dollars and use up the resources of a world over a two hundred year period.
Are these additions to your mayoral platform?
-Skeld
Here’s the deal. Oil is not worth nearly as much now as it seems. The problem is not oil; the problem is the weak dollar. As the dollar plummets, the value of other currencies rise in proportion to it, and those people before who could not afford to purchase oil (which just happens to be valued in dollars), now can, and do so in great abundance, hedging their bets against a future rising dollar. As levels of oil consumption go up (demand), while levels of production remain stable (supply), prices rise.
Here’s the deal. Oil is not worth nearly as much now as it seems. The problem is not oil; the problem is the weak dollar.
Yup, I can testify to that- I have clients who pay in Euro or Pound Sterling and my checks are increasing in value from 40% to up to 100%. I have relations who fly over for the shopping in NY- to use their term, the Dollar has degenerated into "Monopoly Money".
Interesting to remember that Putin once threatened to revalue Russian energy products to Euro a few years back, which would have been a swift kick in the crotch for the Dollar. After he did, the markets got very skittish and various politicians started getting very conciliatory indeed.
The problem is not oil; the problem is the weak dollar.
Amen. I overheard a conversation in West Texas recently between an old rancher and his wife:
Wife: "They better elect another republican this year. Democrats do nothin' but raise taxes!"
Rancher: "Don't matter. Can't hardly buy anything anymore with the dollars we've got!"
Wife: "Well, more taxes wouldn't help any then, would they!"
Rancher: "Taxes could be zero -- I still couldn't buy nothin'! I'd settle for a better dollar and all the taxes they'd care to take."
(Wife mutters something about him being a stupid liberal Al-Quaida stooge or something)
Man, that's a clunky game mechanic.
Oh.
Crap.
That is what happens when you favor realism over fun.