Thursday, June 08, 2006
Hurricanes Wipe Out Oil Production: US Vulnerable
Here's an excellent and sober synopsis, done by the Canadian Imperial Bank of Commerce, of just how dependent the US Empire is on foreign oil, and why. In brief: all our oil "partners" have major supply/political/logistical problems, and the only growing source of new US oil production comes from the Gulf of Mexico, which is vulnerable to (you guessed it) hurricanes, which are on the rise, along with the temperatures. Makes for a pretty picture: peak oil, and its evil twin, global warming.