Sunday, July 03, 2005

Bush Ignores Real Security Threats


So what are the real threats to America's future? How about an oil crisis that paralyzes the economy and puts all nation's against one another in a desperate attempt to keep the lights on? One higly respected energy expert believes that is possible in the near future. Matt Simmons, in his new book _Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy_ presents a case for a coming emergency based on the inablity of oil production to keep up with demand:
Oil prices could rocket to $100 within six months, plunging the world into an unprecedented fuel crisis, controversial Texan oil analyst Matt Simmons has warned.
After crude surged through $60 a barrel last week, nervous investors were pinning their hopes on a build-up in US oil-stocks to depress prices in the coming months.

But Simmons believes surging demand will keep prices bubbling well above $50. 'We could be at $100 by this winter. We have the biggest risk we have ever had of demand exceeding supply. We are now just about to face up to the biggest crisis we have ever had,' he said.
And how has George W. Bush faced what even he admits is a serious problem of dependence on foreign oil? By invading a country that was a major oil exporter and in the process creating such chaos that oil production in Iraq has fallen to half of the low pre-invasion levels.

Ya gotta remember that our CEO Pres was a failure at every oil business he started and a success only as a baseball owner - and even then only thanks to political connections. His cronies can't save him - or the country - this time.