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Current Events » in reply to Sanctions Should Have Been Given More Time

Re: Sanctions Should Have Been Given More Time

Easy to blame others! The US imported more oil than France, from Iraq , I heard.
And here's an interesting article.

Europeans have learned to consume less oil, since 1973. There was a BBC report about to what extend the war was about oil. It turns out that all over the world, oil production has gone down, Venezuela isn't reliable anymore and only in Saudi Arabia and Iraq, can oil exports increase.
But that too won't last (around 2015 those countries will also see a decrease of production.
And it will be the beginning of the end of the oil industry and a radical rethinking in the transportation industry too.

Raoul

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