look, this is either a really big deal to you or it isn't ... this post is a warning that has gone largely unheeded on DU ... my previous posts with this theme received about 3 responses ... but, even if you're not paying attention yet, you will be soon ... because, while this may not seem like a big deal, it's a really, really, really big deal ...
here are links to three previous threads i've had on this topic:
Let's Nationalize Big Oil:
http://journals.democraticunderground.com/welshTerrier2/12Are We a Nation of Carrots or Sticks:
http://journals.democraticunderground.com/welshTerrier2/92Every American Needs to Understand This:
http://journals.democraticunderground.com/welshTerrier2/96did you ever feel like a canary in the mine?
Here's the simplest statement: Big Oil has been operating in their own selfish interests and not in the national interest ... this wouldn't necessarily be a problem if these mega-corporations were being properly regulated ... when corporations "own" the government, the government serves the corporations and let's them write the national script ... in the US, the 'national script' has been to use the resources of the federal government, i.e. the taxpayers' resources, to help Big Oil procure more oil and greater profits ... most recently, this has included the 2002 coup in Venezuela (and ongoing efforts to topple the Chavez government) and it obviously includes the wars in Afghanistan and Iraq ... as the occupation of Iraq drags on, oil profits are at all time highs ... Big Oil's motto: "if it ain't broke, don't fix it" ... could that be current US policy in Iraq? count on it ...
if you read the threads at the last two links above, you'll see that other countries are building very strong cooperative ties to the oil-producing nations ... instead of trying to overthrow governments, countries like China are building strong economic and cultural ties ... more and more oil is being committed to China ... the big loser? i think you can figure it out ...
and now, the article below from tomorrow's Guardian, paints an even darker picture for the US ... we need to get control of our government, nationalize the oil companies and start acting like we're aware of the crisis we're in ... this might include, cover your ears libertarians, restrictions on auto use ... we can do it PROACTIVELY or we will be forced to do it REACTIVELY ... like every junkie's addiction, our habit is our Achilles heel ... it's time to stop all this nonsense about "Wars on Terrorism" and pretending we're tough on defense and all the rest of it ... what we are is a nation addicted to oil that is rapidly, very rapidly, running out of time ... we are in desperate need of serious national leadership on this issue ... it seems neither party wants to be the bearer of the bad news ... we have dues to pay, people ... and there ain't no one telling us the truth or changing the national dialog or the national direction ...
source:
http://business.guardian.co.uk/story/0,,1885258,00.html?=rssTITLE: Russian oil grab 'puts western supplies at risk'A former government adviser has warned it is "only a matter of time" before BP or Shell faces a bid from a Russian state-owned group such as Gazprom
WHICH COULD THREATEN WESTERN OIL SUPPLIES.
Professor Peter Odell, an energy economist, says ExxonMobil is also vulnerable to a Chinese takeover as the large UK and American stock-listed oil groups lose their influence in global markets.
"A Chinese bid for Exxon and/or Chevron and/or a Russian bid for Shell and/or BP, backed by funds provided by the wealthy member countries of Opec seem likely to be only a matter of time.
"With the 'majors' gone there will be concern in the main OECD countries for the future security of supplies," he said in an unpublished speech to Opec ministers in Vienna last month. <skip>
The Chinese - and the Indians - meanwhile have been using state-owned companies to expand abroad to secure supplies for their energy-hungry industries.
Professor Odell foresees a return to state-owned companies in the west too, along the lines of Norway's Statoil and Austria's OMV which have also been expanding fast. <skip>
He believes western oil companies have endangered their own survival by skimping on investment and using their cash for share buybacks and "extortionate" executive remuneration packages.