Reply #16: Then Collapse Of The Western And Asian Economies Is Imminent [View All]

[Strelnikov_]

The 'region' we are discussing contains 2/3rds of the worlds remaining oil and natural gas. More significantly, it probably contains over 80% of the worlds energetically viable petroleum. Unless one considers tar sands and Orinoco heavy oil energetically viable, which IMHO it is not.

The destabilization that the GOP/Reich-Wing initiated with their misguided/ mismanaged war has put now puts all of these resources into jeopardy. The GOP/Reich-Wing made a petro grab, bungled it badly, and the American people, along with the developed world, are going to pay the price for generations to come.

An emergency energy transformation program will take 20 years minimum to begin to have a marked effect on stabilizing the energy supply/demand relationship. The scenario the OP presents is possible loss of Middle East energy resources within five years. In other words, $250+/bbl oil followed by petrocollapse.

See anyone, including the Democrats, talking about emergency CAFE restrictions to 50 mpg+? Immediate $3/gal gas taxes?

Nope. Just bitching when the price goes up 10 cents.

And who wins from all of this? Russia.

Oh, by the way, the US argicultural carrying capacity without massive petroleum inputs is about 200 million people. Wonder what we are going to do with that extra 100 million.