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Wednesday, April 16, 2008

The rise of the new energy world order

Asia Times Online :: Asian news and current affairs: "The combination of rising demand, the emergence of powerful new energy consumers, and the contraction of the global energy supply is demolishing the energy-abundant world we are familiar with and creating in its place a new world order. Think of it as rising powers/shrinking planet."

I am waiting for the other shoe to hit the floor. At some point the producers that are left will say, "Hey, I am going to need this stuff in the future. Why should I sell it to anybody?" At that point the U. S., who is only producing one third of it oil requirement, will be in big time trouble.

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