 | How a market for sustainable bio-energy is being developed | The Oil Drum: Europe | Financial bubble - who will say that the emperor is naked? |  |
93 comments on Do they have a 'responsibility' to supply us?
Comments can no longer be added to this story.
User login
Personnel
Editors
Contributors
Peak Oil Primers
Archives
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- June 2006
- May 2006
- April 2006
- March 2006
Vital Trivia
License
This work is licensed under a Creative Commons Attribution-Share Alike 3.0 United States License.
GAIA Host Collective
The international oil companies can do something: Use their substantial lobbying power to pressure the US president and Congress into enforcing the Carter doctrine. The US has already begun using its military power to secure access to oil. If you read between the lines, the article makes the point that the next logical step is military action.
So, perhaps these oil companies could convince the US government (mainly prez bush and vice prez Cheney) to get us involved in another conflict over oil. Who pays the tab?
US is currently in debt for over $8.5 TRILLION and a forth of that is held by foreign powers. So what country or PTB will buy trillions more treasury notes to allow for more "oil conquests"?
The US has already stepped into the quick sand with Iraq. Being involved in one more conflict over oil would send the dollar plunging and the economy would be hammered by inflation and extremely high interest rates as the debt piles up by an additional $100-200 billion per year.
And lastly, where would we find the military personnel to do the fighting? Want to see a replay of the Vietnam era protests and riots? Just reimpose the draft for another oil war. I can see blood flowing in US streets even before the first bodies arrive home.