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The Geopolitics of Energy- 1/2

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Uploaded by on Jun 29, 2008

As Oil Hits Another Record High, A Look at the New Geopolitics of Energy

Oil prices have jumped to yet another record high, nearing $142 a barrel in Asian trading today. The latest price surge comes a day after OPEC's president said crude prices could reach $170 this summer. Meanwhile, Libya has threatened to cut oil production in response to US threats against oil producers. We speak with Michael Klare, author of "Rising Powers, Shrinking Planet" and Arun Gupta of The Indypendent.

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  • -- USA represents largest threat to the world peace .

  • Manufactured scarcity = inflated costs and profits. Kinda like Cecil Rhodes and his diamonds.

  • That is very true.  The borders imposed on the middle east only made sense to the British.

  • Duah, DUDs, 75% of the Planet is covered with water

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