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The dots

Posted by David Roberts at 9:05 AM on 11 May 2007

Read more about: energy | international politics | politics | oil

An energy consultancy firm says that state ownership and resource nationalism are the big threats to global oil supply.

In other news, Russian President Vladimir Putin this week obliquely compared U.S. foreign policy to that of the Third Reich.

we need a secure supply of oil to not-burn

Mr West said: "Eventually, should demand outstrip supply, you will then have a run-up in prices, massive demand destruction and substitutions."

oh, no, not demand destruction — not substitutions — !!! how will we live in a world where people's energy needs are met by other materials? one shudders to think of the world switching to coal to produce the entirety of its global warming pollution. coal is even more politicized, and there is far too much of it to make it profitable.

i certainly hope the people here at grist do not support this dangerous future of substituting other energy sources for oil.

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