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Putting Abiotic Oil In Perspective

Henry Kissinger once quipped, “University politics are vicious precisely because the stakes are so small.” While Kissinger has achieved a level of amorality not conceivable to most of us mere mortals, to my knowledge he has never been accused of being stupid. The recent debate over Peak Oil has certainly been laced with plenty of bitterness, but in this case the stakes are incredibly high. The reality, or lack thereof, of imminent Peak Oil directly affects nearly every person currently drawing breath on this planet.

Oil and grains soar, CRB nears record

Crude oil prices set a record high Tuesday on fears that top exporter Saudi Arabia was vulnerable to terror attacks while soaring grain prices also pushed commodity price indexes back toward multiyear highs.

Iraq and the Problem of Peak Oil

Today, much of the world is convinced the Bush Administration did not wage war against Iraq and Saddam Hussein because of threat from weapons of mass destruction, nor from terror dangers. Still a puzzle, however, is why Washington would risk so much in terms of relations with its allies and the entire world, to occupy Iraq. There is compelling evidence that oil and geopolitics lie at the heart of the still-hidden reasons for the military action in Iraq.