"There are no unintended consequences. Only unwanted consequences." Slim Fairview
Now, what happens if we achieve energy independence?
We are no longer buyers of Middle East Oil. Translation, we are no longer customers.
If our demand for Arab Oil drops, will the global market price drop?
If so, will revenues to oil producing nations drop?
Will this force a contraction in consumption that will negatively influence the balance of trade and export market for many nations?
Will the excess oil--now on the market--be purchased by other nations?
Will China begin to buy cheap oil thus fueling their economy?
Will China's lower cost of production result in cheaper export prices?
Will China's overall revenue grow?
Will China become an important customer in the global market?
Will this make China an Important Customer in countries like Brazil, Russia, India, and other nations?
"There are no unintended consequences. Only unwanted consequences." The Quotations of Slim Fairview
Regards,
Slim
Copyright (c) 2012 Slim Fairview
All Rights Reserved.
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