5.07.2005
'US Invasion of Iraq Was a Resource War' (iol.co.za)
By Melanie Gosling
Cape Times
May 3, 2005
Cape Town - With the rapid decline of global oil supplies, the United States is heading for an economic crash unlike anything since the 1930s. And the collapse of the dollar will affect every nation on earth.
This is the chilling warning from academic Richard Heinberg of the New College of California. Heinberg is in Cape Town, South Africa, this week to share his views on what governments and societies need to do to mitigate the imminent global crisis after world oil production peaks.
"It's too late to maintain a 'business as usual' attitude. What is required is to manage the change that peak oil will bring in a way that causes the fewest casualties. This must be done at an economic and geopolitical level, to fend off resource wars. The US invasion of Iraq is clearly a resource war," Heinberg said on Monday.
Global oil discovery peaked in the 1960s and oil production is likely to peak as soon as 2007. With a world economy based on fossil fuel, the economic and social consequences will be dire.
(More ... ) ¶ 22:02
Cape Times
May 3, 2005
Cape Town - With the rapid decline of global oil supplies, the United States is heading for an economic crash unlike anything since the 1930s. And the collapse of the dollar will affect every nation on earth.
This is the chilling warning from academic Richard Heinberg of the New College of California. Heinberg is in Cape Town, South Africa, this week to share his views on what governments and societies need to do to mitigate the imminent global crisis after world oil production peaks.
"It's too late to maintain a 'business as usual' attitude. What is required is to manage the change that peak oil will bring in a way that causes the fewest casualties. This must be done at an economic and geopolitical level, to fend off resource wars. The US invasion of Iraq is clearly a resource war," Heinberg said on Monday.
Global oil discovery peaked in the 1960s and oil production is likely to peak as soon as 2007. With a world economy based on fossil fuel, the economic and social consequences will be dire.
(More ... ) ¶ 22:02
