3 hours ago
Saturday, February 26, 2011
If You Remember the '70s
You probably didn't enjoy them. Ain't that the old joke?
The trouble is, we are almost repeating the '70s; especially the late '70s.
Look at Mid-Eastern unrest. To be honest, I think we are screwed in that area of the world for a generation or more. And not just us; Europe and Asia too.Anybody who doesn't see Islamic theocracy in Egypt's future is whistling past the graveyard. Yemen and Libya too.
And then the wars start; just like he '70s. First they will go after Israel, get their collective asses handed to them again, and then the Shiites and the Sunnis will go after each other, again.
The bad news is we will not be burning Middle Eastern oil until maybe 2040. The good news is, neither will Western Europe, China, India or Russia.
The bad news is we won't be burning our own until 2015. Maybe. If we can get government permission to drill for it.
And I don't see that happening until Obama has to get out and help push Limo 1.
Face it; the only reason we give a rat's hindquarters about what happens in the Middle East at all is because of the oil. That's why we fought over it in WWII; to keep the oil out of Hitler's hands. That's why we have a presence there now, to keep the old USSR from taking the oil over. Because we- and every other industrialized nation on the face of the Earth- use oil to travel, produce goods, services and food, heat our homes and a thousand other things. Including power our National Defense.
We saw that in WWII also. The side that ran out of oil first lost. Oil is not "A" strategic resource, it is "THE" strategic resource.
Our entire economy is dependent on oil; cheap oil. Try to think of the last time you went a day without being dependent on oil for something. It could even be stretched to the idea that the coal that fired the boilers that made your electricity was delivered with oil fired towboats. So even that day you stayed home in the air conditioning and watched old movies was brought to you by oil.
Remember that post I did about your rights stopping at the end of my nose? How long until the unrest in the Middle East starts to effect the end of your nose with $5.00 a gallon gas? How long until we are nostalgic for $5.00 gas?
There is a reason that the United States sticks in nose in all over the world; what happens all over the world affects the way we live our lives; even more so than in teh 70's.