The IEA, quoted in The Guardian, says that China and India will account for 55% of the world's fuel demand; carbon dioxide emission will exceed 25%; and gas prices are projected to rise to $156 a barrel with 115 million barrels needed.
Budding economists, what solution or path do you propose to avert this looming crisis?
What would you do about China and India in terms of fossil fuel demand?
First, you have to realize that the U. S. or any other country has no right to dictate any type of policy to any other country.........The same as I have no right to dictate to you how much fuel your family can use.
There are many solutions for this problem but let me give you just one.
If the U. S. returned to a sound monetary system, such as what Congressman Ron Paul proposes if he is elected President, {a Gold/Silver system} our dollars would become MORE valuable than the other world's currencies, and the U.S. gas price would decrease........until the other countries decided to back their money with precious metal value.
At which time world prices would stabilize, and China %26amp; India would no longer have the advantage of using cheap labor to undercut the rest of the world's production costs.
Un poluting Hydrogen derived from common water, will be the worlds main fuel in the future, so if we can hurry that technology up, fuel prices may eventually come way down.
Thank you.
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