EV World: High Oil Prices: Bitter, But Necessary Medicine

Mon, Sep 26, 2005

News

EV World: The World of Electric, Plug-in Hybrid, Fuel Cell and Alternative Fuel Vehicles: “Although surging oil prices this summer haven’t yet forced most America motorists to seriously reappraise their driving habits or car buying priorities — all those employee discounts succeeded in putting more gas-guzzlers on the road — it is starting to get their attention, as many a Congressman is discovering. Sales of hybrids continue to be brisk and even fuel-sipping motor scooter sales have doubled in the United States since 2000.

But is this enough? It all depends on when we hit oil production peak. We know that oil field discoveries peaked several decades ago, and although new fields continue to be found, they are nowhere near sizeable enough to replace what we’re pulling out of the ground. For every new barrel of oil discovered, we’re pumping four from our older fields.”

One Response to “EV World: High Oil Prices: Bitter, But Necessary Medicine”

  1. Anonymous Says:

    Iraq is heading towards disintegration, raising fears of a wider regional conflict, Saudi Arabian Foreign Minister Saud al-Faisal warned on Thursday.

    He said he did not believe the country was engulfed in full-scale civil war but the trend was moving in that direction.

    The comments, to journalists invited to meet with the foreign minister at the Saudi Embassy, marked the second time in two days Saud spoke publicly of his alarm over developments in Iraq and appeared to reflect a growing disagreement between the kingdom and the Bush administration. “Iraq is a very dangerous situation and a very threatening situation,” he said.

    “The impression is gradually going towards disintegration. There seems to be no dynamic now that is pulling the country together. All the dynamics there are pushing the (Iraqi) people away from each other,” he said. Asked what Saudi Arabia feared most about the trend, Saud said, “It will draw the countries of the region into conflict and that is the main worry of all the neighbours of Iraq.” He referred specifically to Iran, which is backing and supplying Shias in Iraq, and to Turkey, which would not permit a separate Iraqi Kurdish state on its border.

    The Iraq war and occupation have cost nearly 2,000 American lives, untold thousands of Iraqi lives and over $200 billion but there has been little progress in stopping a bloody Sunni Arab insurgency that began soon after the 2003 invasion.

    Saudi Arabia, a Sunni Muslim country, has voiced fears an Iraqi constitution, due to be put to a referendum in four weeks, could split the country apart and disenfranchise a Sunni minority that lost power after the US-led invasion.

    Saud said the Sunni-Shia division was not pronounced under ousted Iraqi President Saddam Hussein, a Sunni, but was inflamed when the postwar US occupation authority disbanded the Iraqi army and banned members of Saddam’s Baathist Party from jobs and leadership positions.

    He said Iraqi Sunnis were only seeking jobs and guarantees of security. He urged the Shia majority who now hold much of the political power in Iraq to reach out to the Sunnis and assure they will be “equal citizens.” Saud said he did not see a purposeful US policy to divide Iraq into Sunni, Shia and Kurdish states but “this is what is going to happen if things continue as they are”.

    He did not urge Iraq to reject the constitution but said the key would be how the document was implemented.

    Saud said the Bush administration and his government agreed Iraq should free, prosperous and united. But he said when he raised concerns about growing political divisions, the Americans noted that many doubted the wisdom of holding elections in Iraq, which turned out well, and they expressed confidence the constitution would also be a success.

    Saud repeated concerns he made to the Council on Foreign Relations on Tuesday that Iran was increasingly interfering in neighboring Iraq, including providing money and weapons to fellow Shias. He expressed concern Iran may be reneging on a pledge with neighbouring states to support a nuclear-free Middle East but indicated a preference for dialogue to referring the issue of Iran’s nuclear activities to the UN Security Council as Washington has demanded.

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