Exploring Hydrocarbon Depletion
Peak Oil is You
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Page added on May 8, 2011
this issue takes max to the issue of peak oil, and the problems surrounding the exaustion of our planets fossil fuels
2 Comments on "Max Keiser interviews Kurt Cobb on peak oil"
DMyers on Sun, 8th May 2011 10:24 pm
Once again, Keiser hammers on an issue that escapes MSM entirely. That is, incorporating the price of military actions in the Middle East into our computations of the cost of oil.
In this interview, he angles in on the diversionary aspect of the military “investment.” What if we reassigned all the military expenditures into R&D toward new energy sources? He clearly discloses his assumption that war in the Middle East is about control of oil resources. No one can deny that oil has something to do with it (though some may prefer to switch terms to “stability in the Middle East”), and as Cobb states in the interview these wars have been otherwise “fruitless.”
When he raised the military “investment” issue in a previous interview, Keiser proposed a direct assignment of relevant military expenditures to the cost of oil. In other words, if we add the cost of military ventures to the cost of producing the oil consumed in this country, then that would represent the true cost of oil. This true cost is clearly a lot more than the currently utilized virtual cost. The military increment is arguably a subsidy to the oil industry (and consumer), which subsidy is gov’t-borrowed and so is not being otherwise paid for through taxes.
I would also suggest in this context that wars in the Middle East are themselves huge consumers of petroleum which could otherwise go to productive enterprises in the United States.
Kenz300 on Mon, 9th May 2011 1:17 am
Economic security and national security will depend on our transition to alternative energy. The oil and coal lobbies, big business, billionaires and their phony front groups have done a great disservice to the country and the world by funding climate change deniers and delaying the transition.
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