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Saudi Economic Problems, American Foreign Policy and the Future of Oil
by possibly noteworthy at 8:17 am EDT, Oct 30, 2008 |
Questions for Kent Moors. Q: Why should Americans care that Saudi Arabia has fallen on hard times? If the situation continues for any time it will lead to political instability in Saudi Arabia. Those who argue for American self–sufficiency, that we can somehow produce the energy we need here in the U.S., don’t understand the nature of the oil market. In my judgment, we have about 30 years left of a sustainable crude oil based economy.
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RE: Saudi Economic Problems, American Foreign Policy and the Future of Oil
by janelane at 4:40 pm EDT, Oct 30, 2008 |
possibly noteworthy wrote:
Questions for Kent Moors. Q: Why should Americans care that Saudi Arabia has fallen on hard times? If the situation continues for any time it will lead to political instability in Saudi Arabia. Those who argue for American self–sufficiency, that we can somehow produce the energy we need here in the U.S., don’t understand the nature of the oil market. In my judgment, we have about 30 years left of a sustainable crude oil based economy.
We've had 30 years left of affordable oil for the last 50 years. Predictions are fickle...what's important is the inevitability of Peak Oil. That, in addition to the boom to sustainable design, is one of the benefits of $4/gallon oil. But if it stays at $2.50? People (and policymakers) will forget and continue to let renewable tax credits expire, build exurbs to nowhere, leave lights on at night, endlessly water their lawns, etc. -janelane |
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