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Couple things to add to the mix:
The economic "downturn"makes commodity production slightly less attractive. Conversely, speculation in raw materials & basic necessities has become that much more appealing. Call it a vote of no-confidence in the capitalist system on the part of the capitalists themselves.
Reducing consumption in the US would be a good thing, but the infrastructure isn't there. For example, US railways are jammed up with freight trains. There is a need for more track. Instead of a debacle in Iraq, we could have had real high speed rail, running on its own track.
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