Peak Oil

March 2024 Forums General discussion Peak Oil

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    alanjjohnstone
    Keymaster

    Weekly Worker refers to a Socialist Standard article by GT

    Peak Oil and Capitalism

    “…Not to be outdone, the Socialist Party of Great Britain approvingly quoted Matthew Simmons, a former energy advisor to George W Bush: “Securing adequate oil supplies was … an important element in all the major wars of the 20th century and in the United States’ two most recent interventions in the Middle East.” The SPGB writer obviously agreed and added that oil is probably “about to reach its maximum rate of production”.

    In the context of the article, it infers that we hold a Malthusian outlook.

    This other SS article main theme is Peak Oil

    Pathfinders: S-C-A-ISM minus O-I-L?

     “…aside from its contribution to global warming, it’s also running out. Or so we are told. Despite the record rise of oil recently, this is mainly speculator-driven and not due to any real shortage of oil. What is running out is cheap oil. In fact the world has only used 15 per cent of known reserves, with at least another 20 per cent recoverable by today’s technology…”

    Further reading required by the WW.

    As for control over oil being an underlying motive for Mid-East wars, i am not sure WW is challenging this.

    Perhaps GT might like to respond. It is like when an MP refers to another in Parliaentary proceedings…they have the automatic right to reply.

     

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