Comments on: How the Great Recession Will Transform America http://wallstreetpit.com/12137-how-the-great-recession-will-transform-america Wed, 08 Feb 2012 22:13:42 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: John Smith http://wallstreetpit.com/12137-how-the-great-recession-will-transform-america#comment-80707 John Smith Mon, 16 Nov 2009 03:56:43 +0000 http://wallstreetpit.com/?p=12137#comment-80707 I doubt that will happen. LNG will become common place and it only costs a few thousand dollars to convert a car to run on LNG. We have enough NG to last us for 50 to 100 years. So I just don't see your doom scenario playing out. Warren Buffet bought the rail road because he is betting on a very weak dollar which will mean that we will be exporting a lot more stuff in the future and that stuff will be moved by trains not trucks. The world will have a financial shock coming up. Japan's economy will collapse under government debt with in the next 5 to 10 years. The USA will have the same fate. Europe as a result will collapse as well. It will take decades for the BRIC countries to realign their economies for domestic consumption which will keep oil prices much lower then many people think. I doubt that will happen. LNG will become common place and it only costs a few thousand dollars to convert a car to run on LNG. We have enough NG to last us for 50 to 100 years. So I just don’t see your doom scenario playing out. Warren Buffet bought the rail road because he is betting on a very weak dollar which will mean that we will be exporting a lot more stuff in the future and that stuff will be moved by trains not trucks.

The world will have a financial shock coming up. Japan’s economy will collapse under government debt with in the next 5 to 10 years. The USA will have the same fate. Europe as a result will collapse as well. It will take decades for the BRIC countries to realign their economies for domestic consumption which will keep oil prices much lower then many people think.

]]>