Apologies. I meant 4$ a gallon. That is somewhat of an arbitrary figure, too, as I am in no way qualified to comment on the economic effects of consumer gas prices, except for the higher they go, the worse it gets.
[quote]theuofh wrote:
Apologies. I meant 4$ a gallon. That is somewhat of an arbitrary figure, too, as I am in no way qualified to comment on the economic effects of consumer gas prices, except for the higher they go, the worse it gets.[/quote]
I see your point above. As we all know you can reach that price of $4 with out the price of Gasoline wholesale prices reaching that price. All the government has to do is slap an increase of the gas tax on there and we will reach $4 pretty quick.
[quote]theuofh wrote:
I see WWIII potentially starting when Israel makes a pre-emptive strike on Syria or Iran. They are not fucking around, as they have been threatened and all it would take is 1 nuclear weapon strike on Israel to eliminate them.
If this shit happens, more Iran than Syria, Iran will move to shut down the Straight of Hormuz, which is where all the oil is shipped through. I don’t have high hopes for the future of middle Eastern oil and I think they are running out, but I still think their oil is important for the next 10-15 years.
As a side note, Canada launched a submarine under the polar ice caps in order to claim that land as their own. It is some international law where you can claim the land under ice attached to your land if you own it. There is supposed to be many oil reserves under the polar ice caps.
When oil starts to get up above $4 a barrel or so, and starts to hurt a struggling US economy, there is no choice but US military intervention, along with European and everyone else reliant on that oil, to get the shipping channels opened back up. WWIII.
There is also the distinct threat of a terrorist nuclear strike within the US. I don’t really know the truth on the matter, but I would not be surprised if it happened within the next 20 years. That will bring Hell down on anyone who supports terrorism in any way, without doing too much infrastructural damage to the US.
The US is still a major military power, but foreign nations are emboldened by our massive failures in Iraq which directly correlate to our hugely indebted economic state.
Anyway, the video addressed the Catch 22 with China. Their economy relies on us buying their crap. Google moving out marked the trend that a lot of US companies are unwilling to negotiate their intellectual property for access to the Chinese economy. The Chinese don’t have the option and our dependent on us.
If we go to war, it won’t be because dipshit politicians want to preserve power as the people simply won’t put up with it. I don’t have a lot of faith in the people anymore, but still I think the good ones will wake up and raise hell if this shady scenario occurs. I do see us going to war over resources, like oil, which the people would probably tolerate. [/quote]
If Iran tries to take the straits of Hormuz, they will find themselves against the allied army of every Sunni oil-driven autocracy, partnered with western europe and led by the US. Their army, which has been constrained by long-standing economic embargos and cash-strapped by Ahmadinejeads willingness to buy support with a welfare state he can no longer afford, will be decimated, and their republic probably marshall-planned as a US colony of some sort, much like Iraq and Kosovo.
If Iran gets rebellious, it’s not going to start WWIII. It will probably lead to the end of the persecution of the Baha’is there, so here’s to hoping they get stupid.
As far as war over oil goes, my understanding is that we have several oil deposits off the coast of California, Alaska, and Virginia we’re not currently exploiting. It would seem very… stupid… to go to war before we tapped them.
I agree with your thoughts on terrorism and China.