The Barack Obama of 2014 is essentially running a drill-baby-drill White House in a country where oil consumption is actually rising. His administration has been opening up ever more coastal areas to exploration and drilling from the East to the Arctic waters of Alaska, while encouraging the creation of a “Saudi America” in the American frack lands. The result: a torrent of crude oil and natural gas and something else as well, as Michael Klare, TomDispatch’s indispensable energy expert, points out today. Buoyed by the country’s new energy wealth, our president has been putting oil to work abroad. He has been using energy as the spear of his already highly militarized foreign policy. The result has been a sophisticated weaponization of oil that puts the energy mavens of the Bush administration to shame. But let Klare tell you the whole grim tale.
|By: Tom Engelhardt Sunday September 7, 2014 5:20 pm|
Whatever you may imagine, “peak oil” has not been discredited as a concept, a statement no less true for “peak fossil fuels.” Think of them instead as postponed. We are, after all, on a finite planet that, by definition, holds a finite amount of oil, natural gas, and coal. Sooner or later, as such deposits get used up (no matter the new techniques that might be invented to extract more of the ever tougher stuff from the earth), we will reach a “peak” of production from which it will be all downhill.
That’s a simple fact to which, as it happens, there’s a catch.
|By: Steve Horn Wednesday November 21, 2012 3:25 pm|