Economic rise

Well I think that what we’ve seen is a lot of expansion into place where the prices are so low because we are basically living in third world conditions. If you get that China or in the past we bought things from the Phillipines, you can produce manual labour and get the physical energy sources much cheaper than you can in the industrialised world. So it’s all this balance of trade problem with the third world, where we are sending cash over there and getting products back. Basically eliminating jobs in the industrialised world. That money is enriching the third world and causing their economies to rise allowing them to invest in infrastructure. For the last 70 years we have been finding different markets to keep reinvesting in. Originally we thought that Japan was a cheap place to go and invest. Now they are a highly industrialised society and it gets pricier and pricier to build in Japan. They outsource elsewhere now. And I think that ultimately that when the rest of the world rises to first world standards you will see that the prices come back in line, that will pay for what we get and that everybody on the Earth should be making a decent income and paying the right equivalent value for their energy and their resources. So we’re just basically mining the third world and taking advantage of the low prices that we get. So it won’t last.