6% Oil Decline Starts Now

I thought this blogpost about ‘The End of Imperial Expansion’ was thoughtful. MCR last week predicted food shortages in the USA next year, and this seems to have some truth to it. Uh oh.

the new plan is to partition Iraq into three countries, and Obama is not going to pull out the troops until this happens. Furthermore, permanent US bases will remain in the oil-rich regions. This is why Biden was chosen for VP. He’s a PNAC player. See these two links by Mark Robinowitz.

http://www.oilempire.us/biden.html
http://www.oilempire.us/new-map.html

To summarize… for a long time the powers that be in the US knew the world was going to divide itself up again into nation-state alliances for control of energy. The dream of a corporate-controlled, one-world government (i.e. the “New World Order”) ended as soon as the reality of peak oil was understood. As Mike Ruppert explained in a lecture four years ago in Seattle, “Without abundant oil to drive corporate dominance, geography once again defines political power.” And the elites understood this decades ago. Remember that US oil production peaked in the 70s, and world discoveries of new oil fields peaked in the 60s. So it did not take a rocket scientist to predict when the global economy was going to collapse (just a few petroleum geologists). The IEA just last week released a report predicting a 9.1% decline in output from existing world oil fields, and new fields being brought online are only expected to increase output by about 3%. This is a 6% decline in overall oil output, beginning right now, and which is predicted to continue year after year, forever. (Read theoildrum.com for the best information and discussion about energy.)

So what we are seeing now is unique. The major world powers are actually narrowing their spheres of influence to only the oil-rich regions. (Watch Obama go into West Africa sometime during his first term—I wonder what the pretext will be). They are neglecting the rest of the world, the places without energy resources. This is how things are very different from the cold war and the days of imperial expansion. We are living in a very significant time in history.

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The 6% Oil Decline Starts Now by David Crossland, except the quotations and unless otherwise expressly stated, is licensed under a Creative Commons Attribution-Share Alike 3.0 Unported License.
December 2, 2008 |

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