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Caracas, Tuesday March 28 , 2006  
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The global oil disaster scenario
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Michael Rowan
Special for El Universal

The CNN documentary of last week presents a scenario of global disaster that appears probable in the next few years. It goes like this: Al Queda terrorists destroy much of Saudi Arabian oil production during a vicious hurricane that strikes Texas. In days, a large piece of global oil production and refining is crippled for months to come, instantly tripling the global oil price. Venezuela and Iran use the disaster to worsen the crisis. The US economy crashes, taking world stability with it. In the panic for oil, smoldering conflicts break into warfare among competing producing and consuming oil states. A massive global depression begins, with no end in sight, as "just in time" logistical supply lines collapse everywhere.

This is no nightmare doom scenario dreamed up by sensationalist TV producers. It is a reasonable conclusion based upon science and evidentiary facts. The global economy is held together by a delicate web of inter-dependent variables. The key variable is oil that fuels the global machine, which is already sputtering insecurely. The fine line between order and chaos can be erased by an oil crisis that spawns and spreads a million times faster than a global health epidemic like the bird flu.

The US, as the driver of the global economy via its consumers, is especially vulnerable. It has not reduced its "addiction to oil," as President Bush called it in his State of the Union address, by conservation or alternative energy technology. Rather than concentrating on spurring global commerce and energy alternatives, the US has been using its military power to transform Middle East autocracies into democracies, failing at that task, while creating more enemies that can use a global disaster to their own ends.

One of those enemies is Iran, which might use nuclear weapons during the crisis "to wipe Israel off the face of the earth," as its president intends. Another is Venezuela, which could worsen the global oil crisis by shunting its oil to markets other than the US, while extending its military hegemony to Colombia in aid of the FARC narco-terrorists. The weatherman is not alone studying the hurricane map these days.
mrowan@cantv.net

Michael Rowan's column is published every Tuesday




 
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