Monday, July 9, 2012

The Energy Revolution Part One: The Biggest Losers

Walter Russell Mead, Via Meadia

  • Over the past year, we’ve been watching a geopolitical revolution get underway. It’s much bigger and more consequential than the Arab Spring, though the legacy media are giving it much less play.
  • A new age of abundance for fossil fuels is upon us. 
  • The two biggest winners look to be Canada and the United States.
  • If the US, Canada and Israel are the likeliest big winners, the biggest losers in the coming shift will be the Gulf petro-states and Russia.
Comment:

The politics of this hasn't been discussed.  The green factions are not going to like the new abundance of fossil fuels.  They will fight this tooth and nail.  So the green factions had better come up with a new plan, or they may well end up as losers in the political power struggle.  You could address this issue of carbon dioxide emissions this way.

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