Peak Oil is You

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Page added on January 30, 2009

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Benjamin Netanyahu, Peak Oil, And a World On The Brink

…Yes, an attack on Iranian nuclear sites by Israel could prompt a massive disruption in the oil markets, causing crude oil prices to soar during a vulnerable time in the American economy. Indeed, the issue is even multiplied by the fact that the world may be facing a peak oil situation, where oil production has no more room to grow. This could be the final trigger that sends the world economy into a panic, as it may test Saudi Arabia, in particular to make up for production disruptions that would likely occur from Iran.

The world may groan, but Israel’s right wing leaders are steadfast. One anti-war activist by the name of Norman Soloman has labeled the new situation of having a Netanyahu across from Iran’s president, Mahmoud Ahmadinejad, the “Axis of Fanatics.” Indeed, these are two individuals who are clearly less concerned about the world’s economic situation and more concerned with wiping each other off the map. That’s a dangerous recipe in this particular environment. Soaring oil could break more than the camel’s back. Soaring oil at this point can change the world forever.

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