New big study out says world oil output peaked last year, and will decline by half by 2030 -- which is actually worse than it sounds, given how demand is skyrocketing. Ruh-roh!:
The report presents a bleak view of the future unless a radically different approach is adopted. It quotes the British energy economist David Fleming as saying: "Anticipated supply shortages could lead easily to disturbing scenes of mass unrest as witnessed in Burma this month. For government, industry and the wider public, just muddling through is not an option any more as this situation could spin out of control and turn into a complete meltdown of society."Mr Schindler comes to a similar conclusion. "The world is at the beginning of a structural change of its economic system. This change will be triggered by declining fossil fuel supplies and will influence almost all aspects of our daily life."
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I don't understand. Neo-conmen invaded Iraq to raise oil prices?
No. Neocons understand that global oil production has peaked or is near peak, as the study indicates. They also understand the US oil production peaked in the 1970's and that we require more oil per capita to remain econmically viable than other country on earth. The Middle East - Iraq, Iran, Saudi Arabia, U.A.E, and Kuwait posess the world's largest remaining oil reserves. Our invasion and permanent police occuption of Iraq is the neocons' strategy to keep relatively cheap oil flowing out of the region, not only to the US, but to our strategic allies, major trading partners and creditors. Otherwise, if Iran dominated the Persian Gulf, traded oil in Euros only, the dollar craters and we have a major depression, WWIII, etc.
"Neocons understand that global oil production has peaked or is near peak"
References?
"if Iran dominated the Persian Gulf, traded oil in Euros only"
How that drastically impacts US economy?
Is Japan in deep hole because oil is traded in $?
mik_infidelos do you honestly think that the Japanese come close to the oil consumption level of the US?
Neocons understand that global oil production has peaked or is near peak, as the study indicates. They also understand the US oil production peaked in the 1970's and that we require more oil per capita to remain econmically viable than other country on earth. The Middle East - Iraq, Iran, Saudi Arabia, U.A.E, and Kuwait posess the world's largest remaining oil reserves. Our invasion and permanent police occuption of Iraq is the neocons' strategy to keep relatively cheap oil flowing out of the region, not only to the US, but to our strategic allies, major trading partners and creditors.
LOL! You actually believe this nonsense?!?
LOL! You actually believe this nonsense?!?
"I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil." Alan Greenspan
"We're there [Iraq]because the fact of the matter is that part of the world controls the world supply of oil, and whoever controls the supply of oil, especially if it were a man like Saddam Hussein, with a large army and sophisticated weapons, would have a stranglehold on the American economy and on — indeed on the world economy." Dick Cheney
"But if you look down the road a few years and speculate about the possibility of a nuclear-armed Iran, astride the world's supply of oil, able to affect adversely the global economy, prepared to use terrorist organizations and/or their nuclear weapons to threaten their neighbors and others around the world, that's a very serious prospect." Dick Cheney
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