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By bobinnes (registered) - website | Posted November 18, 2010 at 01:20:00
Re. If all nations shared in the wealth I believe that there would be more wealth to share.
Well, we get back to the oil thing as wealth is more or less synonymous with oil. As I discuss under Ryan's Rising Prices piece, even allowing production may increase, it seems Chinese demand will increase even faster, which will squeeze out Canadian/ US demand. Mostly because our dollar (USD really) will crash relative to the Yuan. That's how the sharing thing will work and it wont feel good in this area. Wish I had a happier ending! but it seems we just gotta smarten up real fast. We could probably do it too if we could just get rid of the Spectator!;-)
Frogs, the pot is getting warm.
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