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	<title>Comments on: Does Our Current Economic Situation Make Sense?</title>
	<link>http://www.bloggernews.net/116076</link>
	<description>High-quality English language analysis and editorial writing on the news.</description>
	<pubDate>Thu, 16 Feb 2012 15:37:15 +0000</pubDate>
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		<title>By: Kyle</title>
		<link>http://www.bloggernews.net/116076#comment-373092</link>
		<dc:creator>Kyle</dc:creator>
		<pubDate>Mon, 09 Jun 2008 14:31:37 +0000</pubDate>
		<guid>http://www.bloggernews.net/116076#comment-373092</guid>
		<description>I, for one, am sick of the bloviating of know-nothing conspiracy theorists.  Take ECON 101 for God's sake!  There is no "fraud" in a global free market.  Oil, in every flavor, is traded 24hrs/day around the globe.  There are 1000's of independent actors in these markets.  There are, at last count, 16 or 17 major gasoline marketers in the US, several major integrateds, and several more sizable independents.  Even if, by some miracle, they could all get together and collude on gas &#38; oil prices, that wouldn't affect Total, BP, Royal Dutch Shell, Petrobras, PetroChina, etc. and the price is the same GLOBALLY.

Secondly, since the US is far more energy intensive than developing countries, moving production off-shore should reduce net energy usage - even after factoring in transportation Large cargo ships can move a ton of goods across the PAcific on little fuel.

Actual global oil output, minus certain liquified gas fractions that are lumped together with the oil that is suitable for making transportation fuel, has been FLAT since 2005.  This is unique in history.

Oil was abnormally low for 20 yrs at between $10 and $20.  This had the effects of encouraging demand and discouraging investment that would increase supply.  Many companies, such as the US indepents and the smaller oilfiled service companies, went out of business.  Engineers retired and weren't replaced, etc.

Finally, 85% of oil exporting nations have seen their production peak and enter steady decline.  I could go on, but the point is obvious - You don't have a flippin' clue what you're talking about.  Knee-jerk anti-capitalist business bashing never goes out of style, but apparently ECON 101 and common sense are DOA.  It'll take a lot of both to sove our issues and your ignorance clouds them and prevents progress.</description>
		<content:encoded><![CDATA[<p>I, for one, am sick of the bloviating of know-nothing conspiracy theorists.  Take ECON 101 for God&#8217;s sake!  There is no &#8220;fraud&#8221; in a global free market.  Oil, in every flavor, is traded 24hrs/day around the globe.  There are 1000&#8217;s of independent actors in these markets.  There are, at last count, 16 or 17 major gasoline marketers in the US, several major integrateds, and several more sizable independents.  Even if, by some miracle, they could all get together and collude on gas &amp; oil prices, that wouldn&#8217;t affect Total, BP, Royal Dutch Shell, Petrobras, PetroChina, etc. and the price is the same GLOBALLY.</p>
<p>Secondly, since the US is far more energy intensive than developing countries, moving production off-shore should reduce net energy usage - even after factoring in transportation Large cargo ships can move a ton of goods across the PAcific on little fuel.</p>
<p>Actual global oil output, minus certain liquified gas fractions that are lumped together with the oil that is suitable for making transportation fuel, has been FLAT since 2005.  This is unique in history.</p>
<p>Oil was abnormally low for 20 yrs at between $10 and $20.  This had the effects of encouraging demand and discouraging investment that would increase supply.  Many companies, such as the US indepents and the smaller oilfiled service companies, went out of business.  Engineers retired and weren&#8217;t replaced, etc.</p>
<p>Finally, 85% of oil exporting nations have seen their production peak and enter steady decline.  I could go on, but the point is obvious - You don&#8217;t have a flippin&#8217; clue what you&#8217;re talking about.  Knee-jerk anti-capitalist business bashing never goes out of style, but apparently ECON 101 and common sense are DOA.  It&#8217;ll take a lot of both to sove our issues and your ignorance clouds them and prevents progress.</p>
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		<title>By: Nancy Reyes</title>
		<link>http://www.bloggernews.net/116076#comment-372662</link>
		<dc:creator>Nancy Reyes</dc:creator>
		<pubDate>Mon, 09 Jun 2008 07:03:06 +0000</pubDate>
		<guid>http://www.bloggernews.net/116076#comment-372662</guid>
		<description>a good book to read to understand outsourcing is Robert Reich's book the Work of Nations. 

Reich as you know was Sect of Labour under Clinton.

As for the price of oil, the country where the US gets the largest amount of oil from is Canada; the second largest amount is from Mexico. 

As the song says: Blame Canada!</description>
		<content:encoded><![CDATA[<p>a good book to read to understand outsourcing is Robert Reich&#8217;s book the Work of Nations. </p>
<p>Reich as you know was Sect of Labour under Clinton.</p>
<p>As for the price of oil, the country where the US gets the largest amount of oil from is Canada; the second largest amount is from Mexico. </p>
<p>As the song says: Blame Canada!</p>
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