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<blockquote data-quote="adulbrich" data-source="post: 8769722" data-attributes="member: 661255"><p>I would definitely like to see us rely less on fossil fuel, and more on renewable energy for the sake of the planet. Not for "future generations" though, because I hate people.</p><p></p><p>I do think we should have infrastructure here for fossil fuel production though.</p><p></p><p>The Middle East crippled the US Oil industry for a long time by flooding the market with cheap oil. Economists call it "dumping". It made it not cost effective to drill for oil in the US, when foreign oil was cheaper. If for some reason they cut us off, there would be panic here. Gas prices, and therefore the price of everything, would skyrocket. We saw with the pipeline hacking how people react to this sort of thing.</p><p></p><p>China is doing the same thing with manufacturing. They're "dumping" cheaply manufactured goods on the US market. This makes it more economical for people to buy from China, and not US factories where people are actually paid decently (more than a bowl of rice a day). Lots of the "shortages" are being caused by supply chain disruptions because of the Chinese virus. The rest is caused by people over-reacting to what they see on the news and buying excess.</p><p></p><p>Essentially if China and the Middle East cut us off, we'd be screwed.</p></blockquote><p></p>
[QUOTE="adulbrich, post: 8769722, member: 661255"] I would definitely like to see us rely less on fossil fuel, and more on renewable energy for the sake of the planet. Not for "future generations" though, because I hate people. I do think we should have infrastructure here for fossil fuel production though. The Middle East crippled the US Oil industry for a long time by flooding the market with cheap oil. Economists call it "dumping". It made it not cost effective to drill for oil in the US, when foreign oil was cheaper. If for some reason they cut us off, there would be panic here. Gas prices, and therefore the price of everything, would skyrocket. We saw with the pipeline hacking how people react to this sort of thing. China is doing the same thing with manufacturing. They're "dumping" cheaply manufactured goods on the US market. This makes it more economical for people to buy from China, and not US factories where people are actually paid decently (more than a bowl of rice a day). Lots of the "shortages" are being caused by supply chain disruptions because of the Chinese virus. The rest is caused by people over-reacting to what they see on the news and buying excess. Essentially if China and the Middle East cut us off, we'd be screwed. [/QUOTE]
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