Wednesday, March 14, 2012

Quotation for Today: Real Oil Men Drill for the Tough Oil

The enclosed quoted remarks offer insight into the future nations struggling to maintain their oil-based economies.  The upshot of the quotation is that nations can begin to wean their economies off oil and onto more sustainable energy sources, or they can prepare to bear the high costs of an oil-based economy. These costs will be measured not only in money for oil-based products, but also in the costs of economic crises, environmental disasters and international strife.

Tough-oil reserves like [deepwater oil, arctic oil and tar sands and heavy oil] will provide most of the world’s new oil in the years ahead. One thing is clear: even if they can replace easy oil in our lives, the cost of everything oil-related -- whether at the gas pump, in oil-based products, in fertilizers, in just about every nook and cranny of our lives -- is going to rise.  Get used to it.  If things proceed as presently planned, we will be in hock to big oil for decades to come.
Michael T. Klare

Michael T. Klare, a professor of peace and world security studies at Hampshire College, is a regular contributor to TomDispatch; and he is the author of the recently published The Race for What’s Left: The Global Scramble for the World’s Last Resources (Metropolitan Books).

Klare, Michael T. "Tomgram: Michael Klare, Why High Gas Prices Are Here to Stay." 13 March, 2012.

Related information:

The White House on Tax Breaks for Big Oil.

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