Advanced Micro Devices Inc (AMD)

[bobs10]

Yes, that will undoubtedly be a consequence; there will be a lot of others consequences including the way we live.

If you go to Europe, where oil is a lot more expensive, you will find cities surrounded by agriculture belts. This means that agriculture is nearer its' markets. The cities are, for the most part; small with most everything needed close at hand. The public transportation is much better with the cities connected by high-speed rail. The need for an auto is much less pressing than here.

This is the direction I expect the U.S. to move towards. Of course it won't happen overnight but in the end, if we don't find a cheap energy source, economics will rule.

Personally, I think the cheap energy solution is there, it's just going to take a major effort on our part to find it. Not having funding is likely to put off the effort until we're in the usual 3rd and long position. This in turn will probably lead to a lot of rather nasty and unexpected consequences not currently fully appreciated by the U.S. population.