In case you missed it, Iran just vowed to close the Strait of Hormuz if the world imposes tighter sanctions on its authoritarian regime. Why does that matter? Because one-sixth of the world's oil supply passes through the Strait of Hormuz. If Iran actually did close the Strait of Hormuz, it would send the price of oil skyrocketing and clobber the world economy. It would also possibly, lead to war. Is Iran just blowing hot air? Probably. But the fact that Iran can even threaten to close the Strait of Hormuz is annoying enough.
So, to reiterate:
We're highly dependent on a finite fuel source controlled by crazy people who hate us
We've done next to nothing about this problem for four decades
In some places, this inaction on our part would be referred to as insanity. Or at least gross stupidity. In other places, it would just be called denial. But better late than never.
If we focus on trying to wean ourselves from dependence on oil, we can do it.
No, it won't be easy--kicking an addiction never is. Yes, it might lead to some people eventually switching jobs or being slightly less fantastically wealthy (oil industry executives). And, yes, it will require some lifestyle and philosophical changes (ditto). But some of those changes will eventually be positive, not negative.
And, done intelligently, kicking our Middle Eastern oil addiction will also lead to the development of vast, exciting new jobs, companies, and industries--industries that we own and control and that will ultimately employ and enrich millions of Americans.
The study, to be published Friday in Water Resources Research, a journal of the American Geophysical Union, examined data over seven years from 2003 from a pair of gravity-measuring satellites which is part of NASA's Gravity Recovery and Climate...
BANGKOK, 9 October 2012 (IRIN) - Food losses in Asia due to disasters or poor storage, packing and delivery are set to worsen, and governments are ill-prepared to stem the wastage, according experts recently convened by the Centre for Non-Traditional Security Studies in Singapore.
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