The differences between 1929 and Today

[DcifrThs]

[ QUOTE ]
[ QUOTE ]
A much greater problem arises if the OPEC countries try to compensate for lost buying power by raising prices. Thanks to our retarded energy policies (thank you Greenies) we are even more vulnerable than we were during the oil embargo.

[/ QUOTE ]

We are pumpin oil out of Alaska like it's goin outta style. Problem is: we are shippin the bulk of it to Japan, at a discount to the market price, in exchange for them financing our deficit.

[/ QUOTE ]

que tin foil hat.

please source this. i'm assuming you have data that show that japan's oil purchases from alaska are below market price.

espeically seeing as how oil is pumped out by private institutions and the deficit is a government issue, the govt would have to provide compensation to the companies for selling to japan at below market prices.

try again though

Barron