The experts seem in disagreement about when the world will reach the halfway point in oil production and global consumption increases in India and China are only adding to the problem. Given the dependence on petrochemicals in nearly all parts of modern infrastructure from food production, transportation, energy, manufacturing how are will the US cope with oil prices greater than $100 per barrel and how can we prepare?
They are not even our largest foreign debt holder.
For those of you who don’t remember, in the 1980′s, Japan was sitting in China’s place. They were growing very fast and buying a great deal of US debt; and the anti-free trade crowds were crying about the imminent demise of America as a Superpower. Wonder how that prediction worked out…..
People. The sky is not falling!!!
Do we want to elect doomsday protectionist pro-tax liberals who will bring the sky down on top of us?
http://www.msnbc.msn.com/id/17424874/
beren – I am all about fiscal responsibility.
However, balanced budgets should come from the reductions in spending, not increases in taxes(assuming higher tax rates lead to more tax revenue, that is).
I heard by the end of the year we will have 6 billion people in this world. And in 20 years from now 10 billion, when is someone going to speak up about this issue, its a very serious issue too. China for example and Japan.
In 1937, Japan was bent on establishing an empire. Encouraged by lack of Western resistance, Japan took control of French Indochina, the Dutch Indies, Burma, Malaya, and the Philippines. By mid-1941, Roosevelt had enforced a total embargo, freezing all assets originating in Japan. In the face of this economic pressure, the Japanese government decided to force the United States into war. This classic documentary series, The Road to WWII, follows the events that inevitably sparked World War II, capturing the drama, the excitement and the juxtapositions of these crucial years between the end of World War I and Pearl Harbor. Former CBS News correspondent and commentator, Eric Sevareid, one of the world’s most respected figures in journalism, presents this extraordinary series which features stunning original newsreels, soundtracks, and rare archival footage. It was the era of Lucky Lindy, bootleg, Babe Ruth, Valentino and assembly-line Fords. It was also the time of market collapse, Klan meetings, demagogues abroad, red scares at home and bread lines. The best of times, the worst of times, and the times in which the United States reluctantly moved center stage. The Road to WWII is an innovative 16-part series that examines this crucial time as it progressed from the Armistice in 1918 to the attack on Pearl Harbor in 1941. You will see the people who made history, hear their voices, and revisit the sites of events where consequence occurred. From the election of Roosevelt, to …
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The reason I’m asking this is that China and the U.S. seem
to be heading in opposite directions. The Chinese,while still
Communist hardliners are working on making a free market and building their economy.They are working to modernize and build up their country.
The U.S.,on the other hand is embroiled in the political situation in the Middle East. First the Iraq War,now the contemplation of military action against Iran. Not only lives
and military equipment but hundreds of billions of dollars
have been spent.I can’t help but think of the Roman Empire.
As powerful as it was,it only took a few years of bad leadership to bring about the beginning of the end. Where
China has been building up,it seems to me since 2001 the
U.S. has been on a downward spiral.
Will the world’s most populated country emerge from the background to become the world’s new Dominant Power,eclipsing
the declining America? If so,when?Will there be a war?
What do you think?
