CoalBin wrote:At one time coal companies were considered evil
An often overlooked factor in the rise of oil prices is the *major* decline in the value of our dollar. We buy oil in the open market with US dollars, which since 2001 have become worth-less. To make it politically viable, we financed 'the war on terror' without raising taxes (or instituting a draft). We print money, sell treasuries(deficit spending) and drop interest rates at the first sign of a hiccup. Charting our deficit or the decline of the dollar vs. the Euro ( /USDEUR ) makes it painfully clear where we are heading.
I'm glad I heat with coal !!!
What are you talking about...."we financed 'the war on terror' without raising taxes ..."
What about all the money just pouring in from Iraq's ability to finance its own rebuilding???
(oh...I forgot....the only money pouring is that which is pouring out of the US Taxpayer's pocket into the vaults of Haliburton & Big Oil....Sorry for the confusion)
I'm glad I heat with coal too!! (Inow if I could just get my car to run on it)