- 19 Jul 2004 10:42
#385715
There was a Reuters report recently that US domestic production is dropping and US dependence on foreign crude rising. Rather consistent with my scenario.
Wandering the information superhighway, he came upon the last refuge of civilization, PoFo, the only forum on the internet ...
U.S. domestic oil production has dropped five percent since this year's peak in February and near-record oil prices are unlikely to inspire drillers to slow the country's deepening dependence on foreign oil, experts say.
U.S. production often falls in the summer as workers repair Alaskan oil infrastructure during the thaw. But rarely has the summer production droop been so deep.
Scheißekrieg wrote:This is because the oil corperations and automobile companies are working together to lobby congress in order to stop it from giving money to scientists to research alternate methods. Also, they refuse to research themselves. Thus, the U.S. will be screwed in 50 years time, if not earlier.
New Era wrote:America depends too highly on Arabian countries, Arabs have control of 7 % of American economy. That alone is frightning, but if Arabian countries would unite and target the US, the US would have a hard time facing this threat. The superpower that depends on the rich class
New Era wrote:I wonder what will you do with the countries that remained neutral to US policy like Belgium. We haven't aided nor condemned your policy on Iraq. What will you do with the neutrals and we have a history of being neutral so our response to the war on Iraq wasn't a major change, we stayed loyal to our past.
Scheißekrieg wrote:This is because the oil corperations and automobile companies are working together to lobby congress in order to stop it from giving money to scientists to research alternate methods. Also, they refuse to research themselves. Thus, the U.S. will be screwed in 50 years time, if not earlier.
Scheißekrieg wrote:This is because the oil corperations and automobile companies are working together to lobby congress in order to stop it from giving money to scientists to research alternate methods. Also, they refuse to research themselves. Thus, the U.S. will be screwed in 50 years time, if not earlier.That must be why the government is now squandering $3 billion annually on hydrogren research.
Daovonnaex wrote:What's so dangerous about a "dependency" on foreign oil? You don't see politicians in Japan railing against this, despite the fact that Japan imports ALL of its oil. It's a problem that's purely political in nature. Granted, our continued support of Israel (or, more accurately, the Likud Party) could lead to serious problems down the line, and our perceived coziness with the Al Sa'ud family, likewise. I definitely agree with you that the current demagogic mass democracy is to blame for it, though I not sure it'll vanish if a crisis results. In any case, removing our "dependency" is simply not possible--we have to cut consumption by well over 15 million barrels a day, which is more or less impossible.
Daovonnaex wrote:THERE IS NO ENERGY CRISIS. "Solving" the problem will only exacerbate it, as it will impair industrial performance, transportation efficiency, and consumer satisfaction. What should be done is the elimination of government interference with energy markets and, most importantly, a strict policy of non-intervention when it comes to the Middle East. I'm with the Platonists that the source of these problems is the democratic system.
New Era wrote:I don't mind that America depends too much on foreign supplies, if you would go expansive on the rest of the world, the supplies would end, great sums of money withdrawn of your banks and you would have been defeated before the war ever started.
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