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quddha
the procrastinat0r

Registered: Aug 2001
Location: Toronto, Ontario
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| quote: | Originally posted by Arbiter
Additionally... oil, as a source of fuel, is basically headed towards extinction. Hydrogen-based fuel is the way of the future, and will probably be more prevalent than petroleum in 10-15 years.
I'm not sure what the Arab world is going to do economically once that happens, but I suspect it isn't going to be pretty. They've invested billions in their petroleum industries, and for most Arab nations the vast majority of their economic infrastructure is based on petroleum sales. Once demand plummets, these countries are probably going to need some kind of aid. I'm interested to see if the EU, which has been decidedly pro-Arab for some years now, will be willing to foot the bill. |
I think it'll be more than 10-15 years. Hell, we could ditch our gas guzzlers right now no problem. We have all the technology to do so, but people are just too greedy in nature. No way oil companies will let themselves go out of business that easily.
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jimtran.net
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Jan-26-2003 08:04
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Izzy
Virtue & Vice

Registered: Apr 2001
Location: TX TA #5
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| quote: | Originally posted by DrUg_Tit0
The reason US is attacking Iraq is because it doesn't want to buy oil from Iraq, it wants to gain ownership of the Iraqi oil producing plants and oil rich areas.
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the article brings up a good point to debunk that opinion:
"
Finally, an American takeover of Iraq would not, in the long run, give the United States guaranteed access to Iraqi oil. A democratic Iraq might well decide that its future prosperity would be best served by a supply relationship with, say, China, now an importer of oil with rapidly growing demand. The days when industrialized countries acquired ownership of oil in producing countries are decades in the past. Conversely, a fragmented Iraq, breaking up along ethnic lines, might produce less oil than currently, rather than more.
"
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If God is the answer, it must have been a very stupid question.
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Jan-26-2003 17:38
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