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The Nationalization of Oil

Posted October 05, 2011 9:07 AM

According to an energy analyst from Deloitte, the global upstream industry has seen a massive conversion over the last 30 years from private ownership to state ownership. He estimates that 70 to 90% of world reserves are now government owned or controlled. Other analysts characterize it as dangerous and incredibly polarized. One has only to look at the conflicts between the G7 and OPEC, the U.S. and China, and producing countries versus consuming countries to clearly see the trend. More than one recent war has been blamed on an underlying quest for fossil fuels. As the world churns through its remaining supplies, can the link between oil and warfare be broken?

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#1

Re: The Nationalization of Oil

10/05/2011 4:04 PM

If there is any chance of breaking the link between oil and warfare, I think it will be a result of supporting 'ethical oil', oil produced domestically in Canada and the US. There is a tremendous amount of oil in North America and buy tapping into those sources we can lower the per barrel cost and decrease the incentive for small countries to use warfare to control the energy supply.

http://www.ethicaloil.org/

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#2

Re: The Nationalization of Oil

10/05/2011 11:39 PM

Nope, you cannot break inherent links between money, power and foreign money. It is a traded limited commodity. Energy source, that is.

It can be sidestepped by having plenty domestically, shortcircuiting the money flow within controllable borders.

The mind and will to do it is another matter. By now, you may not have noticed, I have not presented a prescription on the solution(s). BUT, proposing and pushing the wrong ones, the onus will be on your head, and on your descendants. (Meaning, never forgiven).

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#3

Re: The Nationalization of Oil

10/09/2011 9:13 AM

No way.

Oil=transportation, electricity, money and many other things. Not only is warfare over it not going to stop, as it becomes more scarce, warfare will escalate.

Mad Max anyone.

You'll hear me bash wasteful spending and mandates on unproven green technology, but you'll never hear me say that alternatives shouldn't be being worked on. If the government wants to fund some promising research, fine. They need to stay completely out of private business. Answers can't be forced................regardless of how much money is blasted away trying.

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