By Michael C. Ruppert
Michael Ruppert addresses a few uncomplicated yet generally overlooked techniques when it comes to the severe position of oil and fuel within the sleek global. First, they're finite assets, shaped within the geological prior, hence topic to depletion. moment, they must be came across earlier than they are often produced. He then is going directly to handle the broader implications spotting that there's a finite Oil Age. Many claims were made that new know-how will counter the traditional decline, yet there's an underestimation: the higher the know-how, the speedier the depletion. The ebook then turns to comparable matters, together with international coverage and the invasion of Iraq, the hopes for renewable strength substitutes, the impression on farming and inhabitants, and the character of cash. The effect at the economic climate is a principal subject of the booklet. It offers emphasis to the U.S. state of affairs but in addition covers the broader international, finishing with twenty-five brilliant innovations in which the U.S. executive might react to the unfolding state of affairs.
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Many state and local governments are – in the face of a just-beginning collapse – starting a sequential shut down process. 46 - A PRESIDENTIAL ENERGY POLICY OIL AND GAS INFRASTRUCTURE On April 21, 2008 Nobu Tanaka the Executive Director of the International Energy Agency gave the keynote address to the 11th International Energy Forum in Rome. In that speech he said: “Investment is one of the main challenges we are facing in the global energy sector…USD 22 trillion in investment will be needed in energy-supply infrastructure by 2030.
In August of 2005 President Bush signed a bill that repealed the Public Utility Holding Companies Act, or PUHCA. PUHCA was a New Deal measure that focused solely on public need. It mandated that owners of public utilities were prohibited from achieving a monopoly and – most importantly – that utility companies had to maintain excess generating capacity and infrastructure to provide for ten, twenty and hundred-year weather events. With the repeal of PUHCA it became possible for private investors, like Warren Buffet or Constellation Energy to start gobbling up once publicly owned and/or regulated power companies.
Cheap energy has always been the equivalent of free slave labor for industrial civilization. There is one other essential difference between money and energy. Money can grow infinitely. e. the slaves necessary to give money value, cannot. What happens when the “slaves” disappear? In the first decade of the Twenty-first century it has become clear that a major crisis confronts the human race. For the United States it will be, and is, a crisis as great as any we have ever faced as a nation. It will be greater than World War II, greater than the Civil War, and much more devastating to American life than the Great Depression of the 1930s.