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Oil, Real Estate, Reality, and Power

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  • Richard Risemberg
    A quote: Whatever happens, the American economy will eventually emerge from this crisis significantly weaker, largely because of its now- inescapable
    Message 1 of 1 , Feb 6, 2008
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      A quote:

      "Whatever happens, the American economy will eventually emerge from
      this crisis significantly weaker, largely because of its now-
      inescapable dependence on imported oil. Over the past decade, this
      country has squandered approximately one and a half trillion dollars
      on imported oil, much of which has been poured down the tanks of
      grotesquely fuel-inefficient vehicles that were conveying drivers on
      ever lengthening commutes from the exurbs to employment in center
      cities. "

      And the link:

      http://www.atimes.com/atimes/Global_Economy/JB02Dj04.html

      Rick

      --
      Richard Risemberg
      http://www.bicyclefixation.com
      http://www.newcolonist.com
      http://www.rickrise.com







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