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By Undustrial (registered) - website | Posted June 17, 2010 at 18:09:35
The Soviet Union is a truly fascinating case study in oil depletion. The official Soviet policy was the "aboitic oil theory" (rather than being produced from ancient swamps, it's just magically produced underground), and that it couldn't run out. Then Russia's oil supplies peaked right around the time Hubbert said they would - in the late 1980s, and we all know what happened next.
And as for Iraq, one has to remember that America is an empire, not just another crazed rogue state. The point of invading Iraq wasn't to get more oil for themselves, it was to control one of the world's largest remaining sources of oil and sell it to everyone else. Since oil is so important to economies, industries and militaries (the US military is the single largest user of oil in the States), the ability to sell, or not sell, oil to a nation can grind it to a halt overnight.
Never forget that the Japanese attacked Pearl Harbor immediately after the American government placed an oil-embargo on them.
"Today, the notion of progress in a single line without goal or limit seems perhaps the most parochial notion of a very parochial century." — Lewis Mumford
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