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Arragonis · 07-26-2011, 07:59 AM

Its not just an oil problem.

In 2010 the us imported $337bn of oil (according to Mr Pickens).

At least some of that was used to generate economic activity which offsets this cost. Not all by any means and the efficiency of its use could (should) be improved - thats why we are here after all

At the same time though the US sent $273bn more to China to pay for stuff than income from stuff sold by the US there.

07-26-2011, 07:59 AM	#30 (permalink)
Arragonis The PRC. Join Date: Oct 2009 Location: Elsewhere. Posts: 5,304 Thanks: 285 Thanked 536 Times in 384 Posts	Its not just an oil problem. In 2010 the us imported $337bn of oil (according to Mr Pickens). At least some of that was used to generate economic activity which offsets this cost. Not all by any means and the efficiency of its use could (should) be improved - thats why we are here after all At the same time though the US sent $273bn more to China to pay for stuff than income from stuff sold by the US there. __________________ [I]So long and thanks for all the fish.[/I]