The world is not running out of oil, but neither is it running out of political ideologues, religious fanatics, dictators, and Communist thugs who want to line their own pockets, while holding us hostage and enslaving vast portions of the worlds population.
Political Environmentalism Versus Human Progress & Prosperity: Policy Issues Relating to Energy, Environment, & Natural Resources Political Economy -- Philosophies, Systems, & Public Policies: Government, the Economy, & Economic Prosperity The Earth's Natural History, Global Climate Changes, & the Future of Human Life & Civilization on the Planet: Science, Ideology, & Public Policy Alan Caruba is a veteran business and science writer, a Public Relations Counselor, and Founder of the National Anxiety Center, a clearinghouse for information about media-driven scare campaigns.
When it comes to oil and natural gas, nations have no sense of humor, even if, in the case of the United States, they often display an astonishing lack of good sense. Before Bush, former President Jimmy Carter became convinced in the 1970s that all the proven reserves of oil would shortly be used up. With the price of oil hitting more than $80 per barrel, one would think that Congress would be inclined to opening access to those billions of barrels, but the current Democratic Party controlled Congress is more concerned about a bogus global warming than it is about insuring Americans can drive their cars and trucks, heat their homes, and process oil for the countless products that are produced from it.
You are no doubt familiar with the long fight over permitting drilling in Alaskas Natural Wildlife Reserve, where its estimated there are billions of barrels of untapped oil, but you are surely going to be surprised to learn that the oil industry is excluded from exploring 85 percent of all American territorial waters. As Duncan Clarke, Chairman and CEO of Global Pacific & Partners and the author of a new book, The Battle for Barrels, points out regarding Americas continental shelf, The undiscovered oil potential in the areas demarcated for possible offshore (exploration) in the Pacific, Atlantic, and Gulf of Mexico could allow the tapping of up to 85 billion barrels of oil that technically could be recoverable [but this] awaits the political passage of bills through the legislature -- i.e., through the U. And this doesnt even include the vast reserves of natural gas that are estimated to exist.
This is fine for pessimists, but there is a real world out there and the indications are theres plenty of oil.
What Is Peak Oil Thesis
The Russians obviously think theres some under the Artic and are taking steps to lay claim to it.
There was an interesting news item out of Moscow in late September, 2007, to which most people probably paid little heed.
Russia is one of several countries that have rushed to lay claims to the area where a U. study suggests as much as 25 percent of the worlds undiscovered oil and gas could be hidden.
It is not easy reading because Clarke is an economist by trade, an advisor on corporate strategy and geopolitical issues in the oil industry, and much in demand on six continents for his expertise.
Fact by fact, Clarkes analysis requires one to bring a great deal of concentration and effort to read his book, but it is well worth the effort because he dissects the Peak Oil myth and its advocates with surgical skill and patience.