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Author: SeattlePioneer Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 757320  
Subject: Re: OT: Energy Independence/Friedman Date: 12/11/2004 4:46 PM
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<<NOw, you think there are going to be ships sailing across the oceans without fuel, or fuel that is 10 times higher in price?

You think there will be any airlines left after 30 days? They'll park them and walk away.....

Instant death of tourism...and 10 million jobs...

Mandatory rationing, plus 10 times price increase....

And how many unemployed?

Now if it happens in winter, how many freeze?

ANd is the gov't and all gov't institutions going to survive?

And the rest of the world?

You think lots of folks will be BUYING stocks under those circumstances?

No, I think 'screeching halt' would be putting it mildly.
>>


Heh, heh! Telegraph at his most apocalyptic!


I see no reason to expect fuel prices 10X as high within the forseeable future. If fuel prices double or tripled, they would cause widespread changes in baheavior that would ration available supplies.

Ships and railroads would certainly continue to operate, since they are high energy efficient transportation services. Higher costs would be passed on, and people would either pay them or do without.

Airlines and tourism would certainly take a huge hit. Tough.


Yep, unemployment would spike and yep, quite a few people would have to economize on heating their homes. Life goes on for most people.

It's a safe bet that state. local and the Federal government would continue to function.

The rest of the world would sink or swim. Thanks to the poorer parts of it doing a lot of the sinking, demand for energy would be cut worldwide.

Don't forget that a cutoff of supplies would harm energy suppliers as well, who would discover a lot of very good reason to start selling oil again.

The United States would suck in it's flabby gut and get on with life.



Seattle Pioneer

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