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In reply to the discussion: Global oil prices likely to touch to $60/barrel: Osama Kamal [View all]1StrongBlackMan
(31,849 posts)6. From the 1st link ...
Egypt is implementing an ambitious plan of developing the Suez Canal Axis through a project involving ship building and maintenance yards, which will bring in $100 billion in investments into the country, he said.
Imagine that ... Investing in the infrastructure! I wonder what effect that has had on Egypt's civilian unemployment rate.
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And global warming will accelerate. But at least I can drive to my doom with cheap gas.
Comrade Grumpy
Oct 2014
#1
Depends. Some of this is from less demand. We will have to see how it shakes out. nt
stevenleser
Oct 2014
#2
If oil and gas are going to be considerably cheaper, then why do need the Keystone pipeline?
LonePirate
Oct 2014
#3
Thomas Friedman seems to think it was a deliberate swipe at Russia and Iran
stevenleser
Oct 2014
#12
The positive effects on the US economy can't be overstated. It would be overwhelming.
stevenleser
Oct 2014
#11
I think the demand from new hired workers would work to counter that, AND once the
stevenleser
Oct 2014
#35
Maybe less incentive, but many consumers will still invest in solar and wind, etc.
Tikki
Oct 2014
#22
Woohoo... Screw Musk, Tesla, the Battery Gigafactory and transitioning to sustainable energy !!!
Fumesucker
Oct 2014
#23
Somehow I suspect Europe and most of the rest of the world will resist buying F150s
Fumesucker
Oct 2014
#29