luisdias, I think you should consider that not only will most producing countries try their best to follow Westexas model but will be encouraged in that, as far as the US is concerned, by the decreasing value of the US dollar.

Of course they will try! nobody likes being robbed. Remember Carter's doctrine though. USA will not negotiate American's way of life!

Yes the US military may momentarily trump Westexas's model but judging by how things have gone in Iraq I would not expect something in that order to be very effectual in the long range in solving US oil needs.

Well, I'm a believer of Yoda's preachings, so I fully agree with you: in long term, it will be bad. Something in the order of Violence generates Hate, Hate generates Fear, Fear to the dark side will lead you, hmmmm!

But it may just be enough for the USA plummet after the others. Now, this is speculation. I am not really predicting. I predict USA's reaction and this is what they will try to do. And I see a closing gap for them to do it, but it still exists. Remember that the oil market depends on the US army to be secure. Remember that!

"Yes the US military may momentarily trump Westexas's model but judging by how things have gone in Iraq I would not expect something in that order to be very effectual in the long range in solving US oil needs."

Considering that the DOD is the largest consumer of oil in the world, it seems to me that no matter how much oil we attain through such military action, most of it would have to go to the government/military just to keep the military operational. How well this would go over with the American public when they realized these wars were not getting them any more energy to keep their cars running and their homes warm, I can only imagine - unless, of course, we're under martial law and we have no say in the matter.

Linda

The US government aggressive in meetings? Not those with China and Russia, I can guarantee you that.

One, China is Import Land. So all US has to do is to secure oil before China. Of course, this is increasingly difficult, because China plays that friendly character instead of the bully.

Two, Russia is being met with a lot of agressiveness in the placement of missiles near its own territory. Putin stated clearly this is not a tolerable behaviour and USA didn't retracted. How is this not being agressive?

ignores the fact that what they've really been doing the past 7 years, and have succeeded in doing, is try and bankrupt that same economy.

One, that fact is not a fact, it is your own opinion, based on ... on other's opinions. Yes, you may say I'm blind and blah blah blah, just don't tell me its facts, 'cause they aren't.

Two, I've seen USA being "bankrupt" many times before, and they still recovered pretty easily as the most powerful economy. Yeah, this is a big bump, I know, but it also may not be. No one knows for sure. Fact is, USA is still the richest country in the world. Come on! Face it. Those are facts. If USA will be unable to pay back its debts, its the other countries which will pay the most, not USA itself (in the short run, at least). Also, you behave as if you are unaware that all the world economy plummets if the USA tanks. That simple.

So to say that USA will plummet before the others, is a big wishful thinking. They deserve it, but I think it won't happen.

Does anyone really still believe these people are in the business of making sure Americans are comfortable?

Who cares what I believe? I just listen to the rethorics and the actions, and they fully coincide to the most dumb and stupid effort to maintain an unsustainable condition.

The devastation in real estate is almost too vast to comprehend. The mortgage bubble is roughly $5.5 trillion, and yet, prices have just begun to fall. It�s a long way to the bottom and there�s bound to be plenty of bloodshed ahead. Two million homeowners will lose their homes. 151 mortgage lenders have already gone belly up. Many of the hedge funds, which are loaded with billions of dollars in �mortgage-backed� securities, are struggling to stay alive. Perhaps the most shocking projection was made by Yale University Professor, Robert Schiller, who believes that home prices could decline as much as 50 percent in some of the �hotter markets."

Mike Whitney-Soup Kitchen USA

Wait until the shortages begin, and then tell me that the majority of US people won't vote for a full scale war to anyone who is keeping "your" own oil in their backyard.

Carter's doctrine anyone?

I mean, when everything's fine, its good to be in John Lennon's side and all, but WTSHTF, the military option will have 99% popularity.

Thanks WT. These comments need continuing exposure, because the story remains the same.

The cost of flawed leadership continues to be paid in blood.

You should hear what Fallon thinks of Petraeus. :-)

Arkansawyer

Were War Critic Soldiers Killed To Send Message?
Two soldiers who wrote op-ed that contradicted Patraeus report die in strange accident, while another is shot in the head in case that bears chilling resemblance to Pat Tillman story

Paul Joseph Watson
Prison Planet
Friday, September 14, 2007

The mother of a soldier who died in an apparent vehicle accident shortly after writing a New York Times op-ed critical of the war in Iraq is demanding to know the truth about what happened to her son, while another author of the piece was also shot in the head in a case that bears a sinister resemblance to the murder of Pat Tillman.

Boeing aircraft are our biggest export to China. We sell some other capital goods as well. American fast food chains do well in China.

And they would be willing buyers of MANY of our slightly used or new military hardware.

And they wanted to buy one of our oil companies !

Alan