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Oil: A global crisis (1 post)

  1. chrisc
    Member

    Lots of good stuff, that we know already, but people reading the Independent on Sunday might not...

    Last week. the embattled Gordon Brown – "incredibly focused" on oil, according to his spin-doctors – began playing the blame game. "It is a scandal," he said, "that 40 per cent of the oil is controlled by Opec and that their decisions can restrict the supply of oil to the rest of the world."

    Someone should tell him that he should be blaming geology – or God – and that, as oil production peaks, Opec countries simply will not be able to pump more. But he is not alone; four US senators warned Saudi Arabia that if it did not step up the flow, the US might withdraw its military support.

    There will be much more of this as supplies tighten. Three years ago, a US army report predicted oil would soon peak, and security risks increase. Expect oil wars. But, of course, we have already had one – in Iraq.

    http://www.independent.co.uk/environment/green-liv...

    Posted 15 years ago #

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