Peak Oil Cometh
Our oil-driven economy sits on the edge of a knife. Unfortunately, this knife-edge is constantly being whetted by consumption and grows sharper with each passing day. Eventually it will grow so thin and sharp that it will slice the developed world in pieces. That is, if we haven't found a way to manage without mass quantities of cheap oil.
The stability margin will only shrink as peak oil approaches. Human intervention in the form of jihadist attacks on the oil supply will thus have a greater and greater effect on the world economy as time passes. Isn't it time we woke up and smelled the Texas Tea?
An Energy Pearl Harbor?
The stability margin will only shrink as peak oil approaches. Human intervention in the form of jihadist attacks on the oil supply will thus have a greater and greater effect on the world economy as time passes. Isn't it time we woke up and smelled the Texas Tea?
An Energy Pearl Harbor?
"We call our brothers in the battlefields to direct some of their great efforts towards the oil wells and pipelines. . . . The killing of 10 American soldiers is nothing compared to the impact of the rise in oil prices on America and the disruption that it causes in the international economy." -- A jihadist Web siteTechnorati Tags: peak oil, oil, jihad, dependence, crisis
[snip]Had the terrorists succeeded in penetrating the guarded facility and detonating their bombs inside, they might have turned the complex into an inferno, releasing toxic chemicals that could have killed and sickened thousands of locals and expatriates, including many Americans, who work and live nearby.
The damage to the world economy also would have been severe because the oil market today resembles a car without shock absorbers: The tiniest bump on the road could send consumers and prices bouncing off the ceiling.
