China's Rise vs. US Fall

Discussion in 'Politics' started by shodan, Mar 24, 2010.

  1. shodan

    shodan
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    Here is why:[this is a UK story, but applies here just as much]

    http://eureferendum.blogspot.com/2010/03/its-energy-stoopid.html

    Aside from the peripheral and most decidedly ephemeral pre-occupations of today, an event is heralded in The Times which signals that the geo-political tectonic plates are moving...

    ...$40 billion deal between the Australian oil and gas producer, the BG Group, to supply natural gas to China.

    emerging economies such as China (and, to an extent India) are winning the race to secure supplies of cheap energy – thus underpinning their future prosperity and stability. By contrast, Western economies – and especially the UK together with other European nations – are saddling themselves with high-cost, unreliable cul-de-sac technologies such as wind power, creating a huge drag on their productive economies.

    This is what our politicians do not seem to understand...[and I would add, the voters]

    [note: Gov't subsidy is about $24 per a unit of power for WIND vs the next most expensive, nuclear, which is a buck something, and natrual gas subsidy is about 25 cents for the same unit of power.]
     
  2. billwald

    billwald
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    I don't think a person could go wrong in the long run by putting their retirement money into oil and gas.
     

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