Saturday, July 12, 2008

SAR # 8194

Civilization is about three meals from anarchy.

Foreign Policy 101: International politics is a competition to see who will control how fast the last barrel of oil gets used and how much the others will have to pay for a cup of it.

Science of Denial: Bush/Cheney tried mightily to muzzle science and scientists in order to allow its supporters to continue to profit from endangering the whole planet by pretending the science was unclear. And they have managed to continue the charade for eight years, much to the shame of Congress, the Press, and the People.

How Come? Why is it that the US has a Strategic Petroleum Reserve but no Strategic Food Stockpile? a) George hasn't had the dream about seven lean years b) let them eat cake, or c) the military can forage for food - if they have the fuel.

Well Supplied: Supply side economics is a nice story, a hopeful story. It offers a clean, plausible policy framework: lower taxes to encourage investment, and prosperity is sure to follow. Trouble is that after 20 years it still hasn't worked. The only thing about the supply side policies that worked was the shift of taxes from the rich to the poor and money from the poor to the rich.

Anticipation: With oil at $130 a barrel and gasoline at $4.00 a gallon, what's there to look forward to? Alexei Miller, Gazprom's CEO, suggests $250 in 18 months is a reasonable expectation, mostly as a result of Bush's bumbling attempt to 'secure' Middle Eastern and Caspian oil.

Crude: Saudi net petroleum exports peaked in 2005, while their production has steadily increased. Net exports fell 10.5% between 2005 and 2007, dropping from 9.2 mbd to 8.2 mbd. Saudi Arabia may be upping production; doesn't mean they're sending it to the US..

Porn O'Graph: Bringing it home.

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