winter in america

Juan Cole writes:

The United States consumes about 21 million barrels of petroleum every day. About 85 million barrels a day is produced in the entire world. The US thus consumes about a fourth of the supply, even though it has only 5 percent of the world's population. The US only produces about 7.5 million barrels a day, so it has to import some 13 million.
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What is clear is that Dick Cheney's desperate bid to grab Iraq for US petroleum corporations and for proprietary contracts to supply the US is backfiring big time. Instead of reducing the importance of Saudi Arabia, Cheney and the Neocons have magnified it. Instead of bringing online a big new supplier (Iraq) they have actually reduced the average production from Iraq as compared to the days of the UN sanctions on Saddam! Instead of assuring the US position as a superpower by assuring it special access to Gulf petroleum through military means, Cheney and his friends have destabilized the key energy-producing regions of the world and are driving some producers to deliberately seek proprietary contracts with China so as to avoid over-dependence on an overbearing US that openly announces it would like to overthrow their governments.
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It is going to be an expensive or cold winter for a lot of Americans. It likely won't be the last.


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