| View previous topic :: View next topic |
| Author |
Message |
Graeme
Fission
Joined: Mar 04, 2005
Posts: 2645
Location: New Zealand
|
 Posted: Mon Nov 13, 2006 9:46 pm Post subject: US Energy Chief Says High Oil Prices Could Wreck Economies |
  |
|
US Energy Chief Says High Oil Prices Could Wreck Economies of Many Countries
| Quote: | U.S. Secretary of Energy Samuel Bodman is warning that high oil prices can wreck economies, especially in the developing world. Secretary Bodman says they can also stifle business growth and hurt efforts to improve health care for the poor. Bodman made his remarks during a speech in Washington.
"The Energy Information Administration estimates that by 2030 global energy consumption will grow by over 70 percent. The strongest growth is expected in developing economies in Asia, including China and India, with growth expected to triple in that region over the next 25 years," he said.
"It is not an understatement to say that high oil prices can literally wreck economies. They can restrict development in a way that stifles business growth and, more notably, inhibits improvements in the health and well-being of so many around the world."
The secretary of energy is urging oil-producing countries not to cut production in an attempt to boost prices.
The energy secretary says governments around the world must fund more research into alternate energy sources, such as ethanol, solar and wind. |
voanews
_________________
Human history becomes more and more a race between education and catastrophe. H. G. Wells.
Fatih Birol's motto: leave oil before it leaves us. |
|
| Back to top |
|
 |
Lighthouse
Light Sweet Crude
Joined: Mar 02, 2006
Posts: 1458
|
| Posted: Mon Nov 13, 2006 10:11 pm Post subject: Re: US Energy Chief Says High Oil Prices Could Wreck Economi |
|
|
| Graeme wrote: | US Energy Chief Says High Oil Prices Could Wreck Economies of Many Countries
... |
Really? 
_________________
I am a sarcastic cynic. Some say I'm an asshole. Now that we have that out of the way ... |
|
| Back to top |
|
|
DantesPeak
Expert
Joined: Oct 23, 2004
Posts: 5914
Location: New Jersey
|
| Posted: Mon Nov 13, 2006 10:22 pm Post subject: Re: US Energy Chief Says High Oil Prices Could Wreck Economi |
|
|
| Quote: | | what we do not hear as much about is the impact that high energy prices have on smaller, developing economies. |
Translation - Keep up the oil flow and those natural resources or the poor countries get wrecked.
The full speech is here:
US Energy Sec Bodman Downplays PO-Seeks Alternat/Technol
http://www.peakoil.com/modules.php?name=Forums&file=viewtopic&t=25065 |
|
| Back to top |
|
|
lateStarter
Light Sweet Crude
Joined: Apr 06, 2005
Posts: 1003
Location: 38 km west of Warsaw, Poland
|
| Posted: Tue Nov 14, 2006 2:08 am Post subject: Re: US Energy Chief Says High Oil Prices Could Wreck Economi |
|
|
Good to see that he is concerned about the 'health care' available to the poor. Maybe he could start something to see that the 48 million Americans without any health care/medical benifits could at least get basic preventative care...
_________________
Remember, with globalisation "everyone is a winner" in the "race to the bottom". - rogerhb
Any sufficiently advanced technology is indistinguishable from magic. A.C. Clarke |
|
| Back to top |
|
|
emersonbiggins
Moderator
Joined: Jul 10, 2005
Posts: 5078
Location: Dallas
|
| Posted: Tue Nov 14, 2006 9:50 am Post subject: Re: US Energy Chief Says High Oil Prices Could Wreck Economi |
|
|
| lateStarter wrote: | | Good to see that he is concerned about the 'health care' available to the poor. Maybe he could start something to see that the 48 million Americans without any health care/medical benifits could at least get basic preventative care... |
He's only worried about the world poor insofar as they stay alive enough to work in the sweatshops of tomorrow that keep the economy rolling in cheap clothes and plastic crap. China will only stay 'lucrative' for so long...
_________________
"It's called the American Dream because you'd have to be asleep to believe it."
George Carlin |
|
| Back to top |
|
|
|
News
Discussions
Resources
Members
Forum FAQ
Search
Usergroups
Profile
Log in to check your private messages
Log in
