2 ms·

The amount of resources at our disposal is not fixed, nor are the number of jobs. I don't compete with the Chinese for a job, I create my own. Also, Americans

by fleitz 16y ago

The amount of resources at our disposal is not fixed, nor are the number of jobs. I don't compete with the Chinese for a job, I create my own. Also, Americans don't compete with Chinese for jobs, 1 individual person competes with 7 billion other people for jobs. China v. America is just a way to convince people that jingoistic nationalist policies are a good idea.

ck2 16y ago
I am barely educated on this issue but what you are saying seems counterintuitive. Oil resources are fairly fixed (for plastics and fuel) while China just makes contracts for more and causes our prices to rise for fuel. The majority of jobs in the USA would appear to be service based for our own consumption while the majority in China seem to be manufacturing for consumption in the USA and elsewhere. We restrict commerce to Cuba but have an overflow of goods coming mostly from China, to the point where they own most of our debt. Why didn't we build up Mexico as the manufacturing capitol of the world so at least our continent would benefit from the stability the jobs would create? I am not "anti" China, just saying we are still asleep at the wheel about their world economic power and their rising middle class is the cherry on top.
- fleitz 16y ago
  The amount of oil resources is fixed upon a price point and technology level. At $1000 a barrel there is a lot more oil in the world than at $5. With improved recovery systems there is more oil in each well, etc. With 17KM drills there is still more oil. At $140 per barrel there is more oil in Alberta than in Saudi Arabia. Oil reserves are proved out at a given price point. Exxon will not look for oil that can be extracted at $250 per barrel because that price point is not on the near term horizon. I personally doubt we'll ever hit an inflation adjusted $250 per barrel because of the substitutes available at that price point.

by fleitz 16y ago

ck2 16y ago

I am barely educated on this issue but what you are saying seems counterintuitive. Oil resources are fairly fixed (for plastics and fuel) while China just makes contracts for more and causes our prices to rise for fuel. The majority of jobs in the USA would appear to be service based for our own consumption while the majority in China seem to be manufacturing for consumption in the USA and elsewhere. We restrict commerce to Cuba but have an overflow of goods coming mostly from China, to the point where they own most of our debt. Why didn't we build up Mexico as the manufacturing capitol of the world so at least our continent would benefit from the stability the jobs would create? I am not "anti" China, just saying we are still asleep at the wheel about their world economic power and their rising middle class is the cherry on top.

fleitz 16y ago
The amount of oil resources is fixed upon a price point and technology level. At $1000 a barrel there is a lot more oil in the world than at $5. With improved recovery systems there is more oil in each well, etc. With 17KM drills there is still more oil. At $140 per barrel there is more oil in Alberta than in Saudi Arabia. Oil reserves are proved out at a given price point. Exxon will not look for oil that can be extracted at $250 per barrel because that price point is not on the near term horizon. I personally doubt we'll ever hit an inflation adjusted $250 per barrel because of the substitutes available at that price point.