Posted by MarkB_MI on September 23, 2010 at 18:58:37 from (32.178.12.247):
In Reply to: Re: O.T. Made in USA posted by LAA on September 23, 2010 at 10:09:32:
LAA,
You argument doesn't hold much water. Here's why:
1. China didn't develop its huge trade surplus through cheap energy. They have to buy their oil on the international market, just like everyone else. And they have to pay for it with dollars. China is able to maintain the trade imbalance with a combination of cheap labor, loose environmental regulation and a currency that is kept artificially devalued.
2. Domestic oil isn't cheaper than imported oil. That's why drill rigs are idle all over the country: no oil company will drill for oil that costs 100 bucks a barrel to produce when they can buy light Saudi crude for 70 bucks a barrel. All the cheap oil was pumped a long time ago.
3. Even if we do become energy-independent, that just leaves that much more oil on the global market, which the Chinese can get even cheaper than today.
The days of cheap energy are long gone, which is not necessarily a bad thing. If we want to become globally competitive, we need to become more efficient and do more with less.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
... [Read Article]
Latest Ad:
2022 John Deere 5045E, 4wd, front end loader and 3rd function with grapple. 120 hrs, 55k new, must sell
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
