Good example, but what happened to the paper industry? You see there is more here then the companies that produced the newspapers.Originally Posted by Don Corleone
What about the machine shops who serviced the printing presses? What about the manufacturer of the press themselves?
In terms of oil, the branches of that economic tree spread much farther.
Fine, but equating whaling to the global industry of oil is a stretch IMHO.I mean what do you think happened to whalers? They sat around homeless and broke in New England for the past 3 generations?
However, I'm game, anyone care to take a stab at the economic ramification of eliminating part of the oil industry? How about the 25% number first, start with Nigeria, then pick any other country if you so desire, venezula, russia, Iran....
Point is consumption of Oil is perhaps the most signifigant economic force to the world economy today. Historical comparissons are nice and all, but more industry, people, and governments are dependent on oil consumption that arguably any other resource in history.
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