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"The world's energy consumption is bound to vastly increase over the next two or three decades. Estimates by the U.S. Department of Energy anticipate that world demand will rise by more than 50 percent between 1993 and 2015, with the most significant increase in consumption occurring in the Far East. The momentum of Asia's economic development is already generating massive pressures for the exploration and exploitation of new sources of energy and the Central Asian region and the Caspian Sea basin are known to contain reserves of natural gas and oil that dwarf those of Kuwait, the Gulf of Mexico, or the North Sea."
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from The Grand Chessboard

 

Zbigniew Brzezinski

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Former U.S. president Bill Clinton has urged newspaper editors to focus more attention on the depletion of the world's oil reserves. In a June 17 speech to the Association of Alternative Newsweeklies convention in Little Rock, Arkansas, Clinton said a "significant number of petroleum geologists" have warned that the world could be nearing the peak in oil production. Clinton suggested that at current consumption rates (now more than 30 billion barrels per year, according to the International Energy Agency), the world could be out of "recoverable oil" in 35 to 50 years, elevating the risk of "And then finally, and I think most important of all, more important than the deficit, more important then healthcare, more important than anything, is we have got to do something about our energy strategy because if we permit the climate to continue to warm at an unsustainable rate, and if we keep on doing what we're doing 'til we're out of oil and we haven't made the transition, then it's inconceivable to me that our children and grandchildren will be able to maintain the American way of life and that the world won't be much fuller of resource-based wars of all kinds.”

 

Bill Clinton

 

China is the center of the Asian energy security grid, which includes the Central Asian states and Russia. India is also hovering around the edge, South Korea is involved, and Iran is an associate member of some kind. If the Middle East oil resources around the Gulf, which are the main ones in the world, if they link up to the Asian grid, the United States is really a second-rate power. A lot is at stake in not withdrawing from Iraq.

 

Noam Chomsky

 

So, now the Republicans are going around — this is the kind of thing they do. I don't understand it. They are going around. They're sending like little tire gauges, making fun of this idea, as if this is Barack Obama's energy plan. Now, two points. One, they know they're lying about what my energy plan is. But the other thing is, they are making fun of a step that every expert says would absolutely reduce our oil consumption by 3 percent to 4 percent. It's like these guys take pride in being ignorant, you know? I mean, they think it's funny that they're making fun of something that is actually true. They need to do their homework, because this is serious business. Instead of running ads about Paris Hilton and Britney Spears, they should go talk to some energy experts and actually make a difference.

 

Barack Obama

 

The main key to the economics of the postwar world is a simple truism — that the rate of accumulation is equal to the rate of production less the rate of consumption. This is the "Bathtub Theorem." Production may be likened to the flow of water from the faucet, consumption to the flow down the drain. The difference between these two flows is the rate at which the water in the bathtub - the total stockpile of all goods - is accumulating.
War drains the economic bathtub in a great waste of consumption. The first problem of reconstruction is to rebuild the stockpile. It can be rebuilt only by widening the gap between production and consumption, or, in the case of a single country, by importing more than is exported. It is difficult for a ravaged country to increase either its production or its net imports. Unless it can obtain outside help, therefore, it must suffer a drastic restriction of consumption. Frequently the only way consumption can be restricted is by inflation. Here, therefore, is the key to the most fundamental problems of reconstruction.

 

Kenneth Boulding

 

I think that the polls taken in Baghdad explain it very well, they seem to understand. The United States invaded Iraq to gain control of one of the major sources of the world’s energy, right in the heart of the world’s energy producing regions. To create, if they can, a dependent client state. To have permanent military bases. And to gain what’s called “critical leverage” - I’m quoting Zbigniew Brzezinski - to gain critical leverage over rivals, the European and Asian economies. It’s been understood since the Second World War, that if you have your hand on that spigot, the main source of the world’s energy, you have what early planners called “veto power” over others. Iraq is also the last part of the world where there are vast, untapped, easily accessible energy resources. And you can be sure that they want the profits from that to go primarily to U.S.-based multinationals and back to the U.S. Treasury, not to rivals. There are plenty of reasons for invading Iraq.

 

Noam Chomsky