Is America ready for alternative energy even if it becomes available?

Big · 05-19-2008, 09:45 AM

Saudi Araia artificially keeps the dollar afloat by accepting mainly dollars for oil.

What happens when that stops? I suppose the dollar plummets because America simply doesn't make enough goods for export to keep the dollar strong without Saudis.

10 million barrels per day is 3.65 billion of barrels per year at $125 per barrel. That's half a trillion $$$ in export America would have to make up.

Big · 05-19-2008, 10:01 AM

It seems like in the next 5 years America will have two sad choices. One is to conquer the world Nazi style and another to accept defeat of the American Dream.

hardcore · 05-19-2008, 10:32 AM

Originally Posted by Big

Saudi Araia artificially keeps the dollar afloat by accepting mainly dollars for oil.

What happens when that stops? I suppose the dollar plummets because America simply doesn't make enough goods for export to keep the dollar strong without Saudis.

10 million barrels per day is 3.65 billion of barrels per year at $125 per barrel. That's half a trillion $$$ in export America would have to make up.

Misleading header Big but I would love to hear your logic tying, "Is America ready for alternative energy even if it becomes available?" to Saudi Arabia keeping the dollar afloat?

Alternative energy is like The Field of Dreams, build it and they will come.

Tight-Waist · 05-19-2008, 10:35 AM

You may not believe this Big, but sometimes you make me smile more than anyone else on here!

In that first post you offer a well reasoned observation followed by an intellegent question.

LOL....

Then in the second, like a onry boy who just cant stand to be good too long, you take a swipe at America.

Big · 05-19-2008, 10:38 AM

Easy! If alternative energy becomes available and affordable, other countries will adopt it as well. Saudis will not sell their oil anymore. That is $.5 trillion in exports for dollars lost.

Right now when America pays Europeans for goods in dollars, Europeans use those dollars to buy oil from Saudis. Without oil to buy there will be nothing to do with those dollars rendering them worseless.

hardcore · 05-19-2008, 10:43 AM

Originally Posted by Big

It seems like in the next 5 years America will have two sad choices. One is to conquer the world Nazi style and another to accept defeat of the American Dream.

There are many more choices then just those two Big and many of them with a much rosier outcome. We will feel pain in the pocketbook for a while but we will survive and become stronger in the long run. If history has shown us anything it is that we have weathered adversity in the past that makes todays troubles seem almost minor in comparision and we have always been able dig deep and do whatever was necessary to overcome it. To doubt the resiliency of the American people is to ignore history.

Big · 05-19-2008, 10:46 AM

Last time America was in deep trouble, WWII happened. Keep that in mind. Hitler came to power almost right after the 1929 market crash. America ended up conquering the world at least financially.

hardcore · 05-19-2008, 10:47 AM

Originally Posted by Big

Easy! If alternative energy becomes available and affordable, other countries will adopt it as well. Saudis will not sell their oil anymore. That is $.5 trillion in exports for dollars lost.

Right now when America pays Europeans for goods in dollars, Europeans use those dollars to buy oil from Saudis. Without oil to buy there will be nothing to do with those dollars rendering them worseless.

Money, no matter what the currency, can purchase any goods. It does not cease to have value simply because demand for one product (in this case oil) dries up.

OMG, I just sounded like Skipster, didn't I?

Big · 05-19-2008, 10:51 AM

If Europeans have only one purpose for those dollars, it would be hard to convince them to sound as if it is all the same.

hardcore · 05-19-2008, 10:56 AM

If the dollars are not spent in Europe they will be spent elsewhere. Money circulates throughout the global economy with very little regard to borders.

My lunch break is over now. Time to be productive. I will pick this up later Big.

Is America ready for alternative energy even if it becomes available?

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