By Michael C. Ruppert
Michael Ruppert addresses a few easy yet broadly overlooked innovations in relation to the serious function of oil and gasoline within the glossy global. First, they're finite assets, shaped within the geological previous, for that reason topic to depletion. moment, they must be came upon prior to they are often produced. He then is going directly to handle the broader implications spotting that there's a finite Oil Age. Many claims were made that new know-how will counter the normal decline, yet there's an underestimation: the higher the know-how, the quicker the depletion. The publication then turns to comparable matters, together with overseas coverage and the invasion of Iraq, the hopes for renewable strength substitutes, the impression on farming and inhabitants, and the character of cash. The influence at the economic climate is a valuable subject matter of the booklet. It provides emphasis to the U.S. state of affairs but additionally covers the broader international, finishing with twenty-five brilliant options in which the U.S. govt may possibly react to the unfolding state of affairs.
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Extra info for A Presidential Energy Policy
Now there’s less money because tax bases are collapsing. Many state and local governments are – in the face of a just-beginning collapse – starting a sequential shut down process. 46 - A PRESIDENTIAL ENERGY POLICY OIL AND GAS INFRASTRUCTURE On April 21, 2008 Nobu Tanaka the Executive Director of the International Energy Agency gave the keynote address to the 11th International Energy Forum in Rome. In that speech he said: “Investment is one of the main challenges we are facing in the global energy sector…USD 22 trillion in investment will be needed in energy-supply infrastructure by 2030.
I am not and will never be a candidate for any elected office. This policy, therefore, is written for Barack Obama, a sitting president. I also have a distinct advantage in that no one else has one. I have no real competition. I will make errors. What I write here can most certainly be improved upon and I expect that. This book, however, will be a resounding success if it opens the door to real dialogue on energy and money. One cannot be discussed without the other. An honest public discussion has never taken place.
In 2005, the world’s second largest oil field, Burgan, in Kuwait collapsed3, producing a dramatic decline in production or “exhaustion” where production rates don’t softly decline; they plummet. This is a result of heavy water or nitrogen injection and the resulting collapse of geologic structures this often causes. 4 Mexico has historically been America’s second-largest oil supplier and there is serious doubt that it can hold that position much longer. As in many other “developing,” oilexporting countries, each year brings a demand that more and more oil be 26 - A PRESIDENTIAL ENERGY POLICY kept in the source country for domestic consumption to avoid civil unrest.
A Presidential Energy Policy by Michael C. Ruppert