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154 comments on DrumBeat: August 21, 2007

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PeakOil Tarzan on August 21, 2007 - 9:42am Permalink | Subthread | Parent | Comments top

"I place blame directly on people like Ronnie RayGun, who had the great opportunity to keep prices high in 1986, after KSA flooded the market and drove the price of crude down to $10/bbl, but chose to sit back and enjoy the ride for another election cycle."

Ahhh, Black_Dog, but maybe the flood of cheap oil during the 1980s was part of a Reagan administration plan to bankrupt the Soviet Union?

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Black_Dog on August 21, 2007 - 11:52am Permalink | Subthread | Parent | Comments top

I've heard that claim before. However, I suggest that the Soviet system failed in large part because of their excessive expenditures on their military, instead of attempting to satisfy their consumer demands and basic needs. Also, the proliferation of the fax machine made it nearly impossible for their secret police to monitor the activities of their dissidents. The basis of their ability to control their population was lost. Ever wondered where their news organization Interfax began? Unfortunately, information technology appears to have caught up with the Revolutionaries again (except in Iraq). Smile!! That lady with the cell phone stuck in her ear is really taking your picture...

E. Swanson

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Dryki on August 21, 2007 - 1:16pm Permalink | Subthread | Parent | Comments top

Perhaps they amount to the same thing, since FSU got so much of its money from energy and then spent so much on military. When energy prices tanked and the military kept its share, poof. It seems as well that the degree of environmental devastation from military (and oil) within the FSU was larger than anyone thought - just as is so in our southwest. [Mike Davis "Dead Cities"]

cfm in Gray, ME

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mcgowanmc on August 21, 2007 - 9:19pm Permalink | Subthread | Parent | Comments top

Arkansawyer

"The result was the most monumental non-nuclear explosion and fire ever seen from space," he recalls, adding that U.S. satellites picked up the explosion. Reed said in an interview that the blast occurred in the summer of 1982.

"While there were no physical casualties from the pipeline explosion, there was significant damage to the Soviet economy," he writes. "Its ultimate bankruptcy, not a bloody battle or nuclear exchange, is what brought the Cold War to an end. In time the Soviets came to understand that they had been stealing bogus technology, but now what were they to do? By implication, every cell of the Soviet leviathan might be infected. They had no way of knowing which equipment was sound, which was bogus. All was suspect, which was the intended endgame for the entire operation."

http://www.msnbc.msn.com/id/4394002

Kinda like CDO's in Money Center Banks today.

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WNC Observer on August 22, 2007 - 8:39am Permalink | Subthread | Parent | Comments top

Now that the US has offshored most of its manufacturing capabilities, has the thought not occured to anyone that a similar trick could be played on us?

I am sure that the thought has occured to the Chinese, if nobody else. I wonder if the lead paint and pet food scares were just trial runs? Testing us to see how good & fast we are at detection?

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