[waegari]

Sometimes the solution can be so simple:$this->bbcode_second_pass_quote('', 'W')hile the world has enough proven and unproven reserves of oil to meet demand for the next 100 years, much of it lies under countries with economies that do not provide market incentives to encourage production, according to a new report by the National Center for Policy Analysis (NCPA). The report also points out that the lack of incentives increases the importance of tapping resources in countries with free economies, such as Canada and the United States.

"We have the oil to fuel our future energy needs," noted NCPA Senior Fellow H. Sterling Burnett, who authored the report. "Unfortunately, a lot of it is artificially out of reach due to a lack of economic freedom in the Middle East and South America, or a hyper-sensitivity to environmental activists in the U.S." The NCPA report in part was based on a recent article published by the Federal Reserve Bank of Dallas.

Surging demand for oil in rapidly developing countries like China and India and sustained demand in the United States and the rest of the world has outstripped growth in global production, reducing excess capacity and pushing oil prices to an all-time high, according to the report. The global economy uses approximately 85 million barrels of oil per day. However, the U.S. Geological Survey places the world's remaining conventional oil resources (including unproven resources) at 2.6 trillion barrels. However, the world's oil wealth in concentrated in relatively few, mostly countries where societies are not free or are repressed.

[ohanian]

Long live Demoncracy!

[Sleepybag]

America just needs to [s]occupy[/s] bring democracy to Venezuela, Nigeria, Saudi Arabia, Iran and Russia. Boy the inhabitants of those countries will be thrilled. America will have all the oil for its future needs.

[mekrob]

Okay, so we've burned 1 trillion and there are 2.6 trillion more. That means peak will occur at 1.8 trillion, more or less. At 30+ gb/year, that means we have a whopping 27-30 years left until the most optimistic circumstances. Fuck, it'll take 100 years to 'liberate' the entire ME/South America. Why not just get off of oil?

[shakespear1]

$this->bbcode_second_pass_code('', 'hyper-sensitivity to environmental activists in the U.S')

Yes, hyper-sensitivity is as bad as dementia

[Novus]

The way America is bastardizing democracy it will be seen as a dirty word in most of the world. America has twisted the term to mean the complete oposite of what true democracy is. Democracy in the traditional definition does not mean liberating oil or markets. Venezuela is a democracy. Iran to some extent is a democracy. Both countries' governments more or less are following the will of their people. That is democracy. Both countries have choosen to protect their oil from exploitation. That is democracy. They don't want market reforms ramed down their throats. Invading these countries over oil is Imperialism which is the complete oposite of democracy. Using military force to overturn the will of these people is certainly not democracy. Freedom does not equal slavery.

[Zardoz]

$this->bbcode_second_pass_quote('waegari', '[')url=http://releases.usnewswire.com/GetRelease.asp?id=68313]US Newswire[/url]

[DesertBear2]

$this->bbcode_second_pass_quote('Novus', 'T')he way America is bastardizing democracy it will be seen as a dirty word in most of the world.