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By Michael C. Ruppert

Michael Ruppert addresses a few basic yet extensively neglected strategies on the subject of the serious function of oil and fuel within the glossy global. First, they're finite assets, shaped within the geological earlier, as a result topic to depletion. moment, they need to be came upon ahead of they are often produced. He then is going directly to handle the broader implications spotting that there's a finite Oil Age. Many claims were made that new expertise will counter the typical decline, yet there's an underestimation: the higher the expertise, the quicker the depletion. The publication then turns to comparable matters, together with overseas coverage and the invasion of Iraq, the hopes for renewable power substitutes, the influence on farming and inhabitants, and the character of cash. The impression at the economic system is a valuable topic of the publication. It offers emphasis to the U.S. state of affairs but additionally covers the broader international, finishing with twenty-five brilliant ideas during which the U.S. executive may react to the unfolding scenario.

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The drilling of the second well started on March 22 and has not yet reached the necessary depth to reach the salt layer that lies above the reserve. The layer is two km wide, according to the statement. A PRESIDENTIAL ENERGY POLICY - 41 • "The exploitation activity includes the drilling of new wells, longlasting proofs and new geological studies to ensure the broadness of the discovery, at the end of which the results will be informed to the market," the statement added. • The Securities and Exchange Commission of Brazil, which supervises the operation of the stock market in the country, criticized the announcement by the ANP director, which prompted a sudden climb of Petrobras' stocks on the Sao Paulo Stock Exchange (Bovespa).

There is too little clarity and too much confusion when it comes to how much energy there is and what alternative sources are available – and what we can realistically expect to accomplish with them. Yet one thing is frighteningly clear to everyone regardless of their beliefs. The Age of Oil is coming to an end. Whether you are someone who believes that the United States must somehow wean itself from dependency on foreign oil or you are someone who understands that the human race has failed to plan and prepare for this crisis in time to make a stable transition to some other regime (or combination of regimes), the objective and the urgency remain the same.

Even most members of congress don’t have a clue when they talk about reserves. Perhaps some or many members of congress do have a clue, but say instead what their campaign donors tell them to. Perhaps they suffered from the politician’s disease of being unable to tell constituents any bad news at all. Fatih Birol, Chief Economist for the International Energy Agency said in a 2008 interview with The Energy Bulletin: 36 - A PRESIDENTIAL ENERGY POLICY Birol: We are talking about a very important issue here and the most important accomplishment I expect from the WEO [World Energy Outlook] 2008 is more transparency as far as the oil reserves of the national as well as the international oil corporations is concerned.

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