NATO AIR
Senior Member
WFB poses a frightening scenario that could become all too true unless we take steps now to become more energy efficent and self-reliant.
http://www.chron.com/cs/CDA/ssistory.mpl/editorial/outlook/3315341
Scenes from what could be our coming oil nightmare
By WILLIAM F. BUCKLEY
Raymond J. Learsy has written a book memorable in the special sense that nightmares can be memorable, but also useful. If the nightmare is that you died of an overdose of drugs, and the memory of it causes you when in command to draw back from the marginal dose, then the nightmare has served a purpose. Raymond Learsy writes (his book is called Over a Barrel: Breaking the Middle East Oil Cartel ) about what could happen if we continue to go as we are going. The price of gasoline as I write is 60 percent higher than it was a year ago. Such data require extrapolation.
After 200 pages of history and analysis, telling the story of the founding of OPEC, the Organization of Petroleum Exporting Countries, of manipulations and broken promises and extortion and opportunism, Learsy acknowledges OPEC's success. Sixty-dollar-a-barrel oil is certainly a success, but the body on which it feeds does not expand, pari passu, with the successes of OPEC. It does not matter how much you consume, if the supplies are inexhaustible and your capacity insatiable. But here is what we might be facing if oil rose to $100 per barrel.
I paraphrase the author: Commuters suddenly forced to pay double for a gallon of gas begin to brown-bag their lunches, inching away from restaurants and sandwich shops. Americans who can still afford a vacation go on shorter trips, putting a major dent in the tourist industry. Trucking companies hauling everything from wines and spirits to furniture to automobile parts impose a hefty surcharge on shippers, who pass it on to their customers, who then pass it further down the line to the retail buyer if they can.
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