By Michael C. Ruppert
Michael Ruppert addresses a few basic yet greatly overlooked recommendations with regards to the serious position of oil and gasoline within the glossy global. First, they're finite assets, shaped within the geological previous, for that reason topic to depletion. moment, they need to be stumbled on 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 expertise will counter the ordinary decline, yet there's an underestimation: the higher the expertise, the quicker the depletion. The ebook then turns to comparable matters, together with international coverage and the invasion of Iraq, the hopes for renewable power substitutes, the effect on farming and inhabitants, and the character of cash. The impression at the economic system is a imperative subject matter of the booklet. It supplies emphasis to the U.S. state of affairs but in addition covers the broader global, finishing with twenty-five good innovations in which the USA govt may react to the unfolding state of affairs.
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Html. I predicted this in a lecture in Amsterdam in 2003. I reported on it in From The Wilderness as it happened. shtml. 13. “High fuel costs spell winter tragedy” by Adam Porter; Al Jazeera, Dec. 8, 2004. Adam is a brilliant energy reporter and activist who is quite British and well familiar with the topic. Also: “What they don’t want you to know about the coming oil crisis” by Jeremy Legget, The Independent, January 20, 2006. ece 14. Ibid, Legget. A PRESIDENTIAL ENERGY POLICY - 35 CHAPTER FOUR RESERVE ESTIMATES: PLAYING A FOOL’S GAME WITH NUMBERS From the International Energy Agency, to the United States Department of Energy, to Wall Street, to oil companies themselves, it is universally agreed that, not just in the United States.
Would you spend $10 for a nine-dollar return? 9 barrels back? Britain’s once prolific North Sea fields are near complete exhaustion (for oil). Norway, once one of the largest exporters in the world has seriously declined. For more than a decade the Norwegian government has been on a crash program preparing for a post- petroleum world. Russia, the world’s second-largest producer is in decline. Iran is in decline. Kuwait and Nigeria are in decline. Venezuela is in decline for conventional oil production, its heavy-oil deposits in the Orinoco Basin await new technologies and the construction of very expensive refineries.
Our crisis is now. An American president cannot gamble the future of this country on wishful thinking about what might be possible…if only. 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.