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In reply to the discussion: Global oil prices likely to touch to $60/barrel: Osama Kamal [View all]NickB79
(19,236 posts)15. The effects would clearly be overwhelming. Overwhelmingly BAD
Unless someone's miraculously come up with a way to sequester a few billion tons of carbon
http://climate.nasa.gov/effects/
Like a junkie taking a hit of crack, it SEEMS positive while you're high.
Not so much when the long-term effects set in.
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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