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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End?
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From: Doug R5/24/2005 10:09:44 PM
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Turning one of the few parts of the world that still has abundant oil reserves into a war zone just when we really need the oil certainly seems like lunacy. What led the Bush administration to take such a risk? The short answer is that, from their point of view, they had to. It was a critical part of a larger strategy, and they have yet to seriously consider any alternative to this strategy.

As the world's supply of oil declines in the coming years, the United States and Japan will be the countries whose advanced economies are the most dependent on imported oil. Russia is self-sufficient, China has other options, and Europeans use half as much oil as Americans. So how have American policymakers prepared for these difficult times? Alternative energy? Fuel-efficient vehicles? Public transportation? How about a $500 billion annual military budget to ensure military dominance, outspending the next 23 world military powers combined?

If the armed forces of the United States were committed only to our country's legitimate defense interests, these vast expenditures could be attributed to some combination of realistic defense concerns, paranoia and vested interests, and we could debate how much of each as a political issue. However, the Bush administration has openly declared its intention to use these forces in ways that constitute crimes of aggression under international law, as it has already done in Iraq.

onlinejournal.com
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