Peak Oil News
Pro4xMentor.com

 

  Login or Register
 
Menu
 News
 Search
 Topics
 Stories Archive
 Submit News
 Discussions
 Code of Conduct
 Forums
 Forums Search
 Last 24 Hours
 PO 24hrs
 Peak Blog
 Resources
 About Us
 Downloads
 Web Links
 PeakWiki
 PeakPortal
 Focus Search
 Peak TV
 Peak Gear
 Members
 Your Account
 Members List
 Ignore List
 JOIN!
 Private Messages
 
Light Sweet Crude Oil
 
google
 
PeakSpeak
NICKNAME

Download TeamSpeak
What is PeakSpeak?
Peak Oil on IRC
 
Member Quotes
Hoarding is exactly what the government is doing right now by filling the SPR, and frankly it's the best thing that could happen. It drives prices up. High prices encourage demand destruction. They also finance new well development. The hoarded oil gives us a buffer to fall back on once shortages become more prevalent. High prices are what we need in order to adapt to what's coming, and the sooner they happen, the better.

smallpoxgirl

Suggest Quote

 
Photo Album
Submit Photo
Peakoil.com is You!


member photos
 
Warning: Sentiment Grows in Oil-Hungry U.S. for Extended Middle East Presence
Public Policy; Political and Legal Newsstainlessca writes:

Sentiment is growing in both political parties for extending the U.S. military presence in Iraq in order “to ensure the safe flow of petroleum,” according to the Nov. 12th issue of The Nation magazine.

Not only is President Bush protracting U.S. engagement in Iraq but the two leading Democratic contenders for his job, Senators Hillary Clinton and Barack Obama, don’t appear eager to quit Iraq, either.


Clinton told The New York Times Iraq is “right in the heart of the oil region” and thus “it is directly in opposition to our interests” for it to become a pawn of Iran or failed state. Obama has also spoken of the need to maintain a robust US military presence in Iraq and the surrounding area, writes Michael Klare, the magazine’s defense correspondent and professor of peace and world security studies at Hampshire College.

Senior officials in both parties, he notes, “are calling for a reinvigorated U.S. military role in the protection of foreign energy deliveries.”

Klare writes no dramatic change in U.S. policy in the Gulf region should be expected from the next administration, whether Republican or Democratic. “If anything,” he says, “we should expect an increase in the use of military force to protect the overseas flow of oil, as the threat level rises along with the need for new investment to avert even further reductions in global supplies.”

Smirking Chimp

Posted on Wednesday, October 31 @ 11:25:04 PDT by Leanan
 
Related Links
· More about Public Policy; Political and Legal News
· News by Leanan


Most read story about Public Policy; Political and Legal News:
ARE We Out of Gas Yet?

 
Article Rating
Average Score: 0
Votes: 0

Please take a second and vote for this article:

Excellent
Very Good
Good
Regular
Bad

 
Options

 Printer Friendly Printer Friendly

 Send to a Friend Send to a Friend

 
"Login" | Login/Create an Account | 0 comments
The comments are owned by the poster. We aren't responsible for their content.

No Comments Allowed for Anonymous, please register

Atom News FeedRSS 1.0 News FeedRSS 2.0 News FeedRSS Forums Feed