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The real reason behind high oil prices : Comments
By William Engdahl, published 30/5/2008The price of oil climbs relentlessly higher. Why? Because of deliberate US government policies that permit unbridled oil price manipulations.
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Well I certainly don't think that this is going to be your
problem, living in Australia. The thing is, food will become
more expensive to produce, without cheap energy. So it will
be third world countries that struggle. We produced quite
alot of food in Australia before oil came along, we could
do it again, just not have the super cheap export surpluses
that we have now.
If commuters switched to electric, that would free up alot
of presently used oil, for industries that depend on it
completely.
We then of course have new resources. In the Eastern States,
coal seam gas is becoming big biz, as they have learnt how
to tap into it, in the last few years.
Its so large that they plan to build a number of major
export plants in Gladstones and flog it to Asia. Australians
are free to tap into that supply for energy if they wish,
and are prepared to pay international prices for it.