by Ted Rudow III,MA ( Tedr77 [at] aol.com ) Friday Sep 14th, 2007 8:44 AM
Countries like China and Japan produce like mad and sell like mad and have huge trade balances, because they export more than they import. But the United States, they are such gluttons they guzzle down everything and consume everything and especially oil!
The oil consumption in the U.S. has not gone down the slighest bit. They're not conserving a bit, instead they're actually using more. Let the companies raise the prices, even put more tax on oil, and they still buy more. Raising prices is not going to slow those people down one iota form taking their Sunday afternoon drive or their vacation or their weekend trip, not a bit. The only thing that'll even stop them is rationing, and they're going to come to it one of these days. However, if you and I know the American driver have an idea that rather than have their gasoline rationed and their vacations shortened and their big cars shortened, they would I'm sure much prefer to go to war and steal it, grab off a few countries (Iraq and now Iran?) that have oil, and they can do it under the excuse of saving Israel.