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Wednesday, July 16, 2008

The Current Oil Shock - No Relief in Sight By Dilip Hiro

Tomgram quotes from this article by Dillip Hero. It is from Dilip's latest book Blood of the Earth, The Battle for the World's Vanishing Oil Resources

Excerpt: When it comes to energy conservation, there is a far greater opportunity for saving in the affluent societies of the West than anywhere else in the world. An average American uses twice as much oil as a Briton, a Briton twice as much as a Russian, and a Russian eight times as much as an Indian. It was therefore perverse of U.S. energy secretary Sam Bodman to focus on the way the Chinese and Indian governments subsidize oil products to provide relief to their citizens -- and to urge their energy ministers to cut those subsidies to "reduce demand."


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