Tuesday, July 19, 2005

Is Congress getting a clue?


(Winston Churchill addressing congress Dec. 26, 1941)









While I have grown permanently cynical about our elected officials caring for anything beyond the bidding of their corporate masters (see snark at the end of last post), Sterling Newberry points out today that Congress is more than ever interested in Peak Oil.

While much of the focus has been on the Supreme Court, something else has been making the rounds in Congress, and on both sides of the aisle.

Interest in Peak Oil.

It may be something which has slipped under the radar screen, but it is also a reality: in the last 6 months the group think of Washington DC has changed dramatically, and various politicians are now feeling around for higher ground.

The bricks of this consensus are:

  • Iraq is a dry hole.
  • The tooth fairie has not found another Saudi Arabia.
  • The Chinese are seeking to secure oil at source.
  • Something has to be done about all of this.

The Saudi’s are admitting that the days of the light sweet crude are coming to a close, what is left is the sour crude which requires much more refining, an ability we do not have, hence the push for more refineries. Combining this with some healthy competition from other countries...

Nothing like a Sputnik crisis to light a fire, I always said.

1 Comments:

Blogger FatherofFour said...

Hey Peakoilers!

Where U at?

7/21/2005 8:53 PM  

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