By Michael C. Ruppert
Michael Ruppert addresses a few easy yet broadly neglected suggestions in terms of the serious position of oil and fuel within the sleek global. First, they're finite assets, shaped within the geological prior, as a result topic to depletion. moment, they must be came across ahead of they are often produced. He then is going directly to handle the broader implications spotting that there's a finite Oil Age. Many claims were made that new know-how will counter the usual decline, yet there's an underestimation: the higher the know-how, the speedier the depletion. The publication then turns to similar topics, together with overseas coverage and the invasion of Iraq, the hopes for renewable strength substitutes, the effect on farming and inhabitants, and the character of cash. The impression at the financial system is a vital subject of the e-book. It offers emphasis to the U.S. scenario but in addition covers the broader international, finishing with twenty-five brilliant suggestions during which the U.S. govt may well react to the unfolding scenario.
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Additional resources for A Presidential Energy Policy
Hirsch, SAIC, Project Leader; Roger Bezdek, MISI; Robert Wendling, MISI -- February 2005. 3. OUT OF GAS: The End of the Age of Oil, David Goodstein, (Norton, 2004). Goodstein reaffirmed this position in an October 18, 2004 interview with the Los Angeles Business Journal interview entitled “Oil Barren” – “The worst case is that Hubbert's Peak occurs and we have a crisis that involves runaway inflation. Not only will gasoline cost more but so will all the commodities made out of petrochemicals. Inflation could even bring worldwide depression.
If only. New cars and trucks will, if they are ever made, all be powered by oil. A great many people around the world, not just in the United States, are not going to have their expectations met. The rest of the planet will not sit idly by and watch the United States consume what is left without sacrificing. Contrary to what Vice President Richard Cheney said defiantly a few days after the attacks of September 11th, the American way of life is negotiable…and breakable. Americans no longer live in a world where rampant and wasteful consumption is an economic mandate.
Carioca is a deep-sea find and deep-sea platforms and wells are very expensive, sometimes $150 million or more each, to drill. The second, third, and fourth etc. wells haven’t come in yet. For days, all I could do was bang my head against the desk as many of my gullible friends told me that this was proof that Peak Oil wasn’t real. They somehow didn’t notice that even Brazil itself had denied the outrageous claims. The Chinese, however, did not. In an April 14 story, entitled “Brazil’s Petrobras denies giant oil field discovery,” the Chinese news agency Xinhuanet wrote: RIO DE JANEIRO, April 14 (Xinhua) -- Brazil's state-owned oil company Petrobras denied Monday an earlier announcement of the discovery of a gigantic oil and gas field in southeastern Brazil.