rfenst wrote:Yup.
not until China's path towards industrialization is absolutely certainand its politics and economy become both predictable and consistent. In other words, absent some total unforseable collapse of the dollar, U.S. political stability and the U.S.' ability to manufacture (which requires oil), I don't think that oil will be untied from the dollar.
The Kenyan King's foot-dragging on this issue bothers me.
http://www.therepublic.com/view/story/26aa89522f7b4c7e85dceadf69d1db1f/CN--Canada-US-Oil-Pipeline/
http://www.ibtimes.com/articles/249845/20111115/keystone-xl-pipeline-transcanada-rerouted-nebraska-sandhills.htm
Here we have a neighbor that we have awesome relations with and we're willing to throw 700,000 gallons a day to the Chinese? We're still running a war machine.
That's not smart. If you want to start a technology program where cars run on steam or solar or whatever and have a 10 year mission to do so then the clock starts now. We don't. We're stuck with fossil fuels and better learn to take what we can get or 500.00 a barrel crude is a comin'.