Michael T. Klare is a professor of peace and world security studies at Hampshire College in Amherst, Mass., and the author of Blood and Oil: The Dangers and Consequences of America's Growing Petroleum Dependency.
This year's edition of the World Energy Outlook was greeted with jubilation when it revealed that the US might become top oil producer. But this comes at a catastrophic cost.
To reach their ambitious targets, energy firms will have to overcome severe geological and environmental barriers -- and recent developments suggest that they are going to have a tough time doing so.
With energy demand on the rise and sources of supply dwindling, we are entering a new epoch in which disputes over vital resources will dominate world affairs.
America's rise to supremacy was fueled by control over the world's oil supply. Now, the decline of the U.S. coincides with the decline of oil as a major energy source.
From now on, rising prices, powerful storms, severe droughts and floods, and other unexpected events are likely to play havoc with the fabric of global society.
Only a dramatic change in course -- governed by an entirely new policy framework -- can reduce the risk of catastrophe and set the nation on a wise energy trajectory.
Much will change in 10 years. China will rise, the global South will grow in importance, the U.S. will decline. These phenomena will be eclipsed by devastating planetary changes.
The great age of renewable energy is in our distant future. Before then, energy prices will rise, environmental perils will multiply and conflict will grow. Buckle your seatbelts.
Has the justification for war with Iran already been drawn up? A careful reading of Bush's statements on Iran could preview the actual list of charges he might make in his case for attack.
Posted on: Feb 16, 2007, Source: Foreign Policy in Focus
Global warming is an energy problem, and we cannot have both an increase in conventional fossil fuel use and a habitable planet. Yet the United States is projected to consume 35 percent more oil, coal, and gas combined in 2030 than in 2004.
Because global oil supplies are never likely to be truly abundant again, it would only take one major storm or one major crisis in the Middle East to push crude prices back up near or over $80 a barrel.