I Called This One
On January 11th Alternet ran an article titled, 2006: The Year Of Oil Collapse by James Howard Kunstler, Kunstler.com. For a small taste of what the article is about...
Editor's note: This is one of three perspectives AlterNet has assembled on the prospect of peak oil and its implications for modern society and the global economy. The other two are from World Watch: Christopher Flavin writes that while we can't know exactly when oil production will start declining, we must focus on alternatives to petroleum now; and Robert K. Kaufman describes the role the market and government should play in helping to make the transition from a petroleum-dependent society.
This is my response to the article...
What these experts say may be true... Posted by: Libbie on Jan 11, 2006 8:30 AM
and because of what happened with the oil "shortages" in the 70's, we should have already developed alternative energy sources. It doesn't take a rocket scientist to figure out eventually the oil will run out.
Now, call me skeptical but after living through the 70's oil shortages and finding out it was OPEC behind it, punishing America for their relationship with Israel, I can't help but think this is the underlying problem again. Only this time we are going to be punished for Bushes little war against the Axis of Evil who just happens to own most of the oil in the world. Of course the oil company in the White House will make tons of money (when is enough enough?) if there really is an oil shortage.
Maybe this is what it will take for the gluttonous oil consumers to wake up and demand the developement of alternative energy sources and tell the White House oil company and OPEC to kiss our ass.We shouldn't wait until we run out of oil to do something about it.
Oh and as far as that housing bubble blah blah blah. I have friends in construction and I'm here to tell you that the housing bubble popped the day Bush was given the White House the first time.
Libby of Liberal Woman
Bear with me for a moment while make my point.
How many of you noticed the big tumble the stock market took yesterday? In this article from MSNBC...
Dow gives back gains for year as stocks tumble
Closely-watched market index sees biggest one-day fall since March 2003
[clip]
At Friday’s close the Dow was down 213.32 points, or 1.96 percent, giving back all of the 325 points it had gained this year.
[clip]
The situation in Iran and new threats of terrorist attacks on the United States pushed the energy market sharply higher Friday. A barrel of light crude surged $1.29 to settle at $68.48 on the New York Mercantile Exchange, where natural gas also bounced off recent lows to add 37.5 cents to $9.28 per 1,000 cubic feet.
[clip]
Now, once again let me state, it doen't take a rocket scientist to figure out that Iran [part of the "axis of evil"] is going to hurt America and "the coalition" for making threats against them and the possibility of UN sanctions by cutting the flow of oil to them.
Oil prices surge back above $68 a barrel
Oil prices zoomed to a four-and-a-half month high above $68 a barrel Friday, rallying on supply fears tied to Iran’s tense diplomatic standoff with the West over its nuclear ambitions. • FULL STORY
Of course there are other factors too but mark my words, the underlying problem in the stock market drop and rising oil prices is due to our little petty tyrant's threats against Iran. After Bush's occupation of Iraq and threats against the "axis of evil," it only makes sense that Iran would arm themselve with nuclear weapons.
I don't believe Bush will be able to walk in and ocuppy Iran as easily as he did Iraq. They have not had years of UN sanctions against them, weakening their oil production and economy the way Iraq's was. I believe Bush will make a terrible mistake if he underestimates Iran.
As an added note, in my comment to Alternet's article you'll notice I also made a statement about the housing bubble and construction. Well...
Home construction falls sharply in December
Data signals that the nation’s long housing boom could be cooling off
The housing boom has been stone cold since Bush was given office. I'm not saying big homes aren't being built but that it's the rich elite SUV Neocons who get all the tax breaks that is building them, not us poor little guys who'd love to have a new home but can't take the risk of building one.
Editor's note: This is one of three perspectives AlterNet has assembled on the prospect of peak oil and its implications for modern society and the global economy. The other two are from World Watch: Christopher Flavin writes that while we can't know exactly when oil production will start declining, we must focus on alternatives to petroleum now; and Robert K. Kaufman describes the role the market and government should play in helping to make the transition from a petroleum-dependent society.
This is my response to the article...
What these experts say may be true... Posted by: Libbie on Jan 11, 2006 8:30 AM
and because of what happened with the oil "shortages" in the 70's, we should have already developed alternative energy sources. It doesn't take a rocket scientist to figure out eventually the oil will run out.
Now, call me skeptical but after living through the 70's oil shortages and finding out it was OPEC behind it, punishing America for their relationship with Israel, I can't help but think this is the underlying problem again. Only this time we are going to be punished for Bushes little war against the Axis of Evil who just happens to own most of the oil in the world. Of course the oil company in the White House will make tons of money (when is enough enough?) if there really is an oil shortage.
Maybe this is what it will take for the gluttonous oil consumers to wake up and demand the developement of alternative energy sources and tell the White House oil company and OPEC to kiss our ass.We shouldn't wait until we run out of oil to do something about it.
Oh and as far as that housing bubble blah blah blah. I have friends in construction and I'm here to tell you that the housing bubble popped the day Bush was given the White House the first time.
Libby of Liberal Woman
Bear with me for a moment while make my point.
How many of you noticed the big tumble the stock market took yesterday? In this article from MSNBC...
Dow gives back gains for year as stocks tumble
Closely-watched market index sees biggest one-day fall since March 2003
[clip]
At Friday’s close the Dow was down 213.32 points, or 1.96 percent, giving back all of the 325 points it had gained this year.
[clip]
The situation in Iran and new threats of terrorist attacks on the United States pushed the energy market sharply higher Friday. A barrel of light crude surged $1.29 to settle at $68.48 on the New York Mercantile Exchange, where natural gas also bounced off recent lows to add 37.5 cents to $9.28 per 1,000 cubic feet.
[clip]
Now, once again let me state, it doen't take a rocket scientist to figure out that Iran [part of the "axis of evil"] is going to hurt America and "the coalition" for making threats against them and the possibility of UN sanctions by cutting the flow of oil to them.
Oil prices surge back above $68 a barrel
Oil prices zoomed to a four-and-a-half month high above $68 a barrel Friday, rallying on supply fears tied to Iran’s tense diplomatic standoff with the West over its nuclear ambitions. • FULL STORY
Of course there are other factors too but mark my words, the underlying problem in the stock market drop and rising oil prices is due to our little petty tyrant's threats against Iran. After Bush's occupation of Iraq and threats against the "axis of evil," it only makes sense that Iran would arm themselve with nuclear weapons.
I don't believe Bush will be able to walk in and ocuppy Iran as easily as he did Iraq. They have not had years of UN sanctions against them, weakening their oil production and economy the way Iraq's was. I believe Bush will make a terrible mistake if he underestimates Iran.
As an added note, in my comment to Alternet's article you'll notice I also made a statement about the housing bubble and construction. Well...
Home construction falls sharply in December
Data signals that the nation’s long housing boom could be cooling off
The housing boom has been stone cold since Bush was given office. I'm not saying big homes aren't being built but that it's the rich elite SUV Neocons who get all the tax breaks that is building them, not us poor little guys who'd love to have a new home but can't take the risk of building one.
IMPEACH
posted by Sandy at 6:54 AM
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