Saturday, October 13, 2018

Why Russia and Saudi Arabia get away with murder

All projections for oil supply include a big boost from Iraq's Kirkuk field. However, in spite of incessant bombing, the area is not secure. The above film is shows the Islamic State is alive and well.

This means that oil shortage is a constant threat. This is what makes Russia and Saudi Arabia so powerful. They can destroy the US economy with the turn of a valve.

The US has trillions of dollars in liquid-fuel infrastructure. These are hard, fixed, assets. Roads, highways, bridges, suburbs, pipelines, tanker trucks, ports, ocean tankers, refineries, gas stations, parking lots, bureaucracy, car debt, car insurance, and on and on.

The US dependency on cars and sprawl is deep, wide, subsidized, and expensive. Above all, it is unsustainable. Unsustainable means: Can. Not. Continue.