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"C J Campbell" wrote in message
news:2007072208012916807-christophercampbell@hotmailcom... The way we beat the oil cartels during the fuel crisis of the early '70s was we simply pointed out that we can live for some time without oil, but those countries were almost wholly dependent on us for food. Wrong on both accounts: first, deregulation kicked up explorartion and production. Second, we never tied food to oil as that would have been "bad for the children" (though the kids got very little of the food compared to all the dictators military/militia forces. Guess who could go longer -- us without oil or them without food? You do know that the US is a net food importer, don't you. It was no contest. The end result was simple inflation and oil actually dropped in relative value to other commodities. But if we start burning all of our corn we will no longer have that leverage. The US has more reserves in the Continental shelf than most A-rab countires combined. If the people, via the environuts and their enablers in the EPA, want to keep it off limits, then let "the People" suffer and endure the consequences. |
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