Re: Can Gas Cost get any Higher ?
Posted: Mon Jul 21, 2008 8:55 pm
I agree absolutely on both points. The realities of corporate politics play directly into the problem: Why should an oil company change its approach to the "problem" when the "problem" is pushing their stock prices up? R&D is the prudent way to spend extra resources, but all too many corporate managers would rather inflate their golden parachutes a little more than, say, look into the algae or wind or solar solutions.
Americans have a serious consumption problem, which in turn fuels the credit crunch. Their obsession with collecting unnecessary trinkets leads to maxed-out credit cards, hopeless loans and bankruptcy. Advertising mystifies people and makes them think they "need" that iPod. This is a Nation of debtors; there can be no wealth generation when most of the population is saddled with insurmountable financial burdens. I am no exception: My education has rendered me a virtual indentured servant to my student loan creditors. After more than two years of paying the monthly payment, I actually owe MORE now than the amount I originally took out. The bank wins again!!!
If only I were a Dutch person in AOE 3... I would spend 350 wood and 350 food on a bank, and just enrich myself
Americans have a serious consumption problem, which in turn fuels the credit crunch. Their obsession with collecting unnecessary trinkets leads to maxed-out credit cards, hopeless loans and bankruptcy. Advertising mystifies people and makes them think they "need" that iPod. This is a Nation of debtors; there can be no wealth generation when most of the population is saddled with insurmountable financial burdens. I am no exception: My education has rendered me a virtual indentured servant to my student loan creditors. After more than two years of paying the monthly payment, I actually owe MORE now than the amount I originally took out. The bank wins again!!!
If only I were a Dutch person in AOE 3... I would spend 350 wood and 350 food on a bank, and just enrich myself