Tuesday, March 22, 2011

Geniuses Around The World Are Flummoxed By Intersecting Problems

One thing we have focused on here at Daily Downers, with prescient accuracy as it turns out, is the key to our energy policy. Which is avoiding solar power and other intelligent solutions at all costs. Now it's becoming even clearer.

We will either have to go to war to take over some of these pesky oil producing states once and for all, or we will have to cave in and go all treehugger and solar. Nuclear power has been set back as people insist on looking at the downside as opposed to the upside. Of course natural disasters can upset the nuclear apple cart, but you can't fuel an energy hungry nation without it, so if we're going to pull the plug on nukes, attacking the oil producing states is looking more and more viable to this analyst.

This writer thrives on intersecting problems. I don't just sit around writing books, I figure things out. Maybe we should be subsidized as one of those "think tank" operations? Can we do that? Apply somewhere? Someone let me know.
The world is in crisis mode right now, from an unthinkable natural disaster in Japan to civil unrest throughout the Middle East and North Africa.

As if these events were alone not unsettling enough, there is perhaps an even bigger crisis coming down the pike that could “shake global markets,” says Forbes columnist Gordon Chang: The fight over global energy resources as fears of supply shortages put pressure on already high energy prices.

“The real problem for the globe right now is you’ve got problems in Libya, you’ve got problems in Japan and they’re intersecting," says Chang, author of Nuclear Showdown: North Korea Takes on the World and The Coming Collapse of China. “This is not over yet because you have the gulf aflame right now,” with the governments of Yemen and Bahrain teetering on the brink of collapse.

Saudi Arabia is also a concern since it provides about 10 percent of the world’s oil. So far, the protests in this oil rich country have been minimal compared to the other Arab nations. Should the intense turmoil spread to Saudi Arabia, Chang and other experts foresee a very dire outcome for the global economy.

"It is really the fear of disruptions of supply that is creating the risk-premium" in energy prices, he says.

[yahoo! finance]

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