The Oil Drum

154 comments on DrumBeat: August 21, 2007

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Dryki on August 21, 2007 - 1:16pm

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

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

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?