Secret polls in America: Cheap oil versus Middle East democracy?

What follows is not real data; it is only my hunch. What would the result be if Americans could vote, using a secret ballot, on the following option: Would they rather have widespread democracy in the Middle East or cheap oil at home? Would they rather support continued US coddling of corrupt Middle East leaders who keep order with violent crackdowns or would they prefer that the people of these countries have freedom of speech and free elections? Let's assume the price of a gallon of gas would go up an additional 50 cents if the people of Middle Eastern countries (e.g., Libya, Saudi Arabia, Iraq) kicked out all the remaining brutal dictators and changed over to meaningful self-rule--some meaningful form of democracy. Would Americans vote for their pocketbook or for high ideals? I suspect that the result would be something like this:

Continue ReadingSecret polls in America: Cheap oil versus Middle East democracy?

Devastating Wikileaks leaked cables: Saudi Arabia has peaked

Wikileaks continues to drop bombshells, even as Julian Assange finds himself on trial.  Unfortunately, the news about Assange is overshadowing some of the latest, and most devastating, leaks.  Namely, that Saudi Arabia has probably been overstating their reserves-- no big surprise to those of us who have been studying peak oil.   But where we only had speculation and circumstantial evidence before, now we have confirmation in the form of statements from credible Saudi Arabian authorities. The first cable deals with a meeting with Dr. Sadad al-Husseini, former Executive Vice President for Exploration and Production at the state-owned Saudi Aramco.  It's almost comical as al-Husseini goes to great lengths to insist that the theory of Peak Oil is wrong, even as he describes it occurring within the kingdom.  For example, the cable says:

He stated that the IEA's expectation that Saudi Arabia and the Middle East will lead the market in reaching global output levels of over 100 million barrels/day is unrealistic, and it is incumbent upon political leaders to begin understanding and preparing for this "inconvenient truth." Al-Husseini was clear to add that he does not view himself as part of the "peak oil camp," and does not agree with analysts such as Matthew Simmons. He considers himself optimistic about the future of energy, but pragmatic with regards to what resources are available and what level of production is possible.

Continue ReadingDevastating Wikileaks leaked cables: Saudi Arabia has peaked

It’s lonely at the top

Pity Tony Hayward, erstwhile boss of BP. He's really had it rough. He's been "demonized and vilified", to use his own words. The poor CEO was so busy dealing with the massive oil spill perpetrated by his company that he almost missed watching his yacht race in a very important race! Almost, but he was able to watch the race anyway. Because, you know, someone else was probably working on cleaning up the oil fouling the Gulf of Mexico. It's not really the CEO's job, you see. It's more of a job for the "small people" of the world. "Life isn't fair. Sometimes you step off the pavement and get hit by a bus," Hayward said recently. Yes, that's true. And sometimes, you end up the CEO of one of the most powerful oil companies in the world. A company that has a long history of criminal and ethical violations that should make them unfit to operate a lemonade stand, much less a major multinational corporation with power to contaminate the entire Gulf of Mexico-- and perhaps, Beyond!

Continue ReadingIt’s lonely at the top