Peak Oil is You
Donate Bitcoins ;-) or Paypal :-)
Page added on May 26, 2008
Is Invading Venezuela a Good Way Out of an Oil Crisis?
It had to happen, didn’t it? With the combination of the sharp rise in oil prices combined with the ratcheting up of anti-Chavez rhetoric seen in the past few weeks (for example the FARC laptop baloney that is now unravelling), it was only a matter of time before the business world got in on the act.
It has fallen to Martin Hutchinson to float the idea. In this article at Prudent Bear dot com, he goes through the current problems with oil and after a few numerical twists and turns get to the point:
…..The obvious place to invade is Venezuela. Since the 1.8 trillion barrels of Venezuelan oil deposits consist largely of the Orinoco tar sands, a Venezuelan oil-related invasion would impose an additional requirement: to keep the environmentalists away, in order that reserves could be exploited with maximum efficiency………
And just to make sure the message is nicely implanted in the memory Hutchinson finishes off with this:
…in summary, a sharp rise in US and world interest rates is the best way to solve the problem of spiraling energy and commodity prices, which will probably not solve itself. If that doesn
Leave a Reply