Yes, but the other countries around the world, including China and India, are following suit. It is the greed of a few that want the power and wealth at the expense of everyone else. Civilization will collapse, and once again the world will go through an "Ice Age" but this time of mans own making. It will be a world of pure survival, and one of supremacy over serfdom. Owners or slaves.
We have not learned from history! :(