Friday, November 12, 2004

Does the US need Iraq's oil?

I don't want to toot my own horn, but my blog must be half-interesting
if I've got Jason writing in it.

This is what he wrote:

"Funny thing about the US needing middle east oil. They don't. True,
it is the richest oil reserve in the world, but consider this; the
permian basin, Gulf of Mexico, Texas and Alberta oil and gas fields
provide North America most of its oil and gas needs. Some would argue
that those reserves are depleted. However, 20 years ago "experts" said
that North American reserves would be exausted in 10 years. Well today
those same fields are producing more than they have since the last
"big Boom" in the early 80's. The truth is that you can drill a hole
anywhere in Texas and produce oil or gas. So when you think about it,
why does the US (and when I say the US I mean the Bush regime) need or
want control of middle east Hydrocarbons? Because they can. They can
flex their muscles and take what they want. Thousands of Iraqi
civilians have died so that the US (and when I say the US I mean the
Bush regime) can feel in control for the next 4 years or longer. And
let's hope that doesn't happen."

Insightful. And Jason should know, because he worked in oil drilling
for 4 years.

Some experts believe that the US doesn't need middle-eastern oil, as
US and Canadian oil production is still strong. However, most experts
believe that a global oil crisis is looming (anywhere from 20 to 50
years, as the predictions go).

So why does the US want middle eastern oil? As Jason said, power is a
good reason. And how about this one: stockpiling oil reserves.

It'd be "expensive" to speed up our transition from fossil fuel
dependency to green alternatives today, so let's make it someone
else's (i.e. our grandchildren's) responsibility.

Bush and the US are simply buying themselves time - time to ignore
cimate change warnings, time to keep Republican friendlys happy, time
to run a "successful" adminstration.

But time will catch up on Bush. It's catching up on all of us.


Blogger Mike said...

Well, you can toot your own horn again... you have me writing on it.

I was just browsing through this post and had to stir things up a bit.

I agree that there is some merit to the power control and stockpiling of reserves issue, but America's greed for oil and gas is huge because they use more than the rest of us. To skew the issue and say that they don't need the reserves is false (sorry Jason).

Here are some staggering stats (get in touch with me re: sources if you want 'em):

April 2004

The world oil market daily produces and consumes 76 million barrels.

The United States, with 5% of the world's population, daily consumes 20 million barrels (840 million gallons) - - or 26% of world consumption. U.S. consumption is at a record high while U.S. oil production is at a 50-year low and declining, covering just 30% of our consumption needs - - a 71% gap, and reserves are declining.

Causing rising imports from other nations - a record high - - while reserves of prime import sources decline. Additionally, U.S. natural gas reserves are falling and imports rising. Natural gas is not in nearly the shape oil is, but we have not been producing and consuming it as long... give it some time.

OPEC throws another monkey into the cogs of this argument. The US can't TAKE oil from anyone. Production is metered and controlled to contol surplusses and deficits in the market.

That is the real deal guys. I am open to criticism on this one. You really don't want to get me started on alternative energy sources.

11:14 PM  
Blogger Jason said...

What I meant was the US doesn't need to go after foreign reserves because they have the means to produce other alternative fuels such as hydroelectric, solar and dare I say nuclear power. If any country could afford to invest in these alternatives it's the USA. But they don't because it is easier to invade a country and take whatever they want.

7:29 AM  

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