Henry
Doug Henwood wrote:
> Henry C.K. Liu wrote:
>
> >Typical WSJ story on a Friday, especially after tax date.
> >The fact is, regardless whether oil wells are self replenishable, which is
> >different than renewable as the environmentalists define the term, there is no
> >shortage of oil for the foreseeable future in terms of the technological life
> >span of the oil based economy.
> >What we have is in oil is a pricing problem.
> >Instead of a fixed price, oil should be priced indexed to GDP.
> >Would that be a Marxist idea? And very doable too. All we need is an opec
> >decision, guaranteeing the total opec revenue constant and shift the price
> >burden accordingly.
> >It is an idea that LBO should promote.
>
> Actually, I think the damn stuff should be at least 5 times as expensive as
> it is now or we'll choke ourselves to death. I can't believe these
> Americans who've lately been whining about a dime a gallon increase in the
> price of gas when it's about the cheapest (in real terms) that it's ever
> been in history.
>
> Doug