The Worst Is Yet To Come

The Transnational Institute are carrying a story warning of further oil industry nightmare scenarios :-

http://www.tni.org/article/bp-style-extreme-energy-nightmares-come-four-scenarios-next-energy-mega-disaster

“BP-Style Extreme Energy Nightmares to Come: Four Scenarios for the Next Energy Mega-Disaster…Michael Klare : The Huffington Post : July 2010 : The BP Gulf oil spill is not an anomaly but the result of industry-wide recklessness, as companies employ more and more risky methods to reach inaccessible reserves as the conventional ones run dry. On June 15th, in their testimony before the House Energy and Commerce Committee, the chief executives of America’s leading oil companies argued that BP’s Deepwater Horizon disaster in the Gulf of Mexico was an aberration – something that would not have occurred with proper corporate oversight and will not happen again once proper safeguards are put in place. This is fallacious, if not an outright lie. The Deep Horizon explosion was the inevitable result of a relentless effort to extract oil from ever deeper and more hazardous locations. In fact, as long as the industry continues its relentless, reckless pursuit of “extreme energy” – oil, natural gas, coal, and uranium obtained from geologically, environmentally, and politically unsafe areas – more such calamities are destined to occur…Until then, prepare yourselves. The disaster in the Gulf is no anomaly. It’s an arrow pointing toward future nightmares. [ Michael Klare is a professor of Peace and World Security Studies at Hampshire University, a renowned analyst on oil politics and US defence policy and was TNI’s first Phd graduate when TNI used to run an academic programme through a virtual US university. ]”

Continue reading The Worst Is Yet To Come