Can the USA continue to have a good economy and rely on oil for energy?
January 7, 2009 · Filed Under Economics · 3 Comments
Silvana states:
I just saw the special, “We were warned: Out of gas.” If terrorists destroyed oil installations in Saudia Arabia then how would it affect the USA economy? Has the USA taken measures to protect its economy from an oil, supply, disruption?
I just saw the special, “We were warned: Out of gas.” If terrorists destroyed oil installations in Saudia Arabia then how would it affect the USA economy? Has the USA taken measures to protect its economy from an oil, supply, disruption?
What would happen if the USA de-valued its currency on purpose to increase its exports?
January 5, 2009 · Filed Under Economics · 3 Comments
Sanjuanita states:
China lowers the international value of its currency so that its exports are super-cheap! The USA used to have currency backed by gold (see the Bretton Woods Agreements) but now market fundamentals MAY finally be catching up with the USA. (Maybe. Maybe not.) Exporting more than we import would certainly help the economy in the long term.
China lowers the international value of its currency so that its exports are super-cheap! The USA used to have currency backed by gold (see the Bretton Woods Agreements) but now market fundamentals MAY finally be catching up with the USA. (Maybe. Maybe not.) Exporting more than we import would certainly help the economy in the long term.
Can the oil extracted within USA territories and boundaries be sold on the global market?
December 24, 2008 · Filed Under Economics · 2 Comments
Marquerite states:
I become suspicious about rhetoric that USA energy prices would be lower and we could wean ourselves from foreign oil sources should there be more exploration, drilling, and extraction within our boundaries.
If there is an energy security policy then please link it.
In my view, prices will never lower mostly because of the influence of energy businesses on politics, powerful speculators, and the global market. For instance, even though gas demand has dropped in the USA, prices are still soaring. Another thing is that there simply aren’t enough reserves to fuel even our reduced demands for very long. Regardless, I believe that the oil extracted within the USA would be sold on the global market and not be kept for the use of our nation.
Thanks for your responses.
I become suspicious about rhetoric that USA energy prices would be lower and we could wean ourselves from foreign oil sources should there be more exploration, drilling, and extraction within our boundaries.
If there is an energy security policy then please link it.
In my view, prices will never lower mostly because of the influence of energy businesses on politics, powerful speculators, and the global market. For instance, even though gas demand has dropped in the USA, prices are still soaring. Another thing is that there simply aren’t enough reserves to fuel even our reduced demands for very long. Regardless, I believe that the oil extracted within the USA would be sold on the global market and not be kept for the use of our nation.
Thanks for your responses.