Economics

[Biochemist]

Originally Posted by nutronjon

Let us really pay attention to WWII without oil...
Let us pretend oil was never discovered. Take out of WWII everything dependent on oil. What does that war look like now?

I am still note really sure what you are driving toward on this, Nutro. Oil was a driver because it was a convenient, inexpensive source of fuel. There are others before and since (e.g., coal before, nuclear power since). In any war, advances in technology (including fuel technology) typically advantage all participants. WWII would indeed have had a different character without oil (particularly in terms of air power). But the political issues (German hegemony, Japaneses imperialism, etc) still existed and were driving toward a confrontation that the US was likely to engage.

Originally Posted by Nutro

If there had been no oil in the world, Japan would not have bombed the US.

Huh? The Japanese had already advanced on major portions of China, Southeast Asia, Korea and the South Pacific before they bombed Pearl Harbor. Are you suggesting that all of this was about their thirst for oil, or just their attack on the US?

[Michaelangelica]

Originally Posted by nutronjon View Post
Let us really pay attention to WWII without oil...
Let us pretend oil was never discovered. Take out of WWII everything dependent on oil. What does that war look like now?

The Germans mainly used coal using the Fischer-Tropsch process.
Borensen says somewhere else here that SA runs on this now.
Australia has masses of coal, so too has SA (?)

Making oil from Gopher Weed was supposed to be economic at $65 a barrel ( somewhere on these forums I learnt that)
What happened to that idea?

[Mike C]

To All

I would like to clarify what I said earlier on this topic.

With our involvement in the New World Order, our economy (US) is now sliding down into a depression.
Reason?
The billionaire population is exploding by the hundreds and will be increasing over time.
Our workers are being forced to accept reductions in healthcare benifits and pension and wage cuts that means reduced buying power.

So while the upper level incomes are inflating and the lower incomes shrinking, this reduced buying power means there will be less cars, houses and other such tangible goods to be sold.

So this spread of wealth is increasing to where our economy is now slowing down into a depression.

So, I think those billionaires ought to start paying higher taxes on their UNneeded surplus income and start buying cars and houses by the hundreds to create more jobs.
Those Chinese workers are not going to buy our cars and houses, thats for sure.

Mike C