You're confusing realpolitik with debt reduction. Originally Posted by TinyI wasn't referring to debt reduction...I was referring to how energy trades as a world wide commodity.
If the Captain thinks the President of the US sets production quotas that our oil companies are supposed to adhere to....like you and lusty keep implying...then I'm outta here.
What you two do not seem to be able to grasp is that the greenies will never be able to stop drilling.
Oh they may make for a little more red tape but any time gas prices hit a critical point....they are getting voted out. That is Realpolitik.
Realpolitik is that Putin will find a buyer for Russian oil.
The price of oil will go back down. All one has to do is go back in time. These are mere hiccups....let us see if we are really going to replace energy efficiency with more energy security.
I can see China buying Russian oil but how can they replace out GDP with Russia