Monday, June 14, 2004

Al Qaeda's Next Target?

One of my favorite blog sites is Belmont Club. It's not just a site with political rants that spew irrational vituperation. It's almost like having a history lesson online. Granted it tilts to the right, but it's heads up.

He brings up a topic most likely on the minds of the NAS folks, but well below the radar for us plebeians. What is it we, as a world, are now so dependent upon?
Interestingly enough, the dependence of Third World countries on oil imports will grow at a far faster rate than the industrialized countries. India and China in particular will experience a growth in energy demand far exceeding that of mature economies. But even Central and South America and Africa will need oil products. Many people will be surprised to discover that Mexico, not Canada, is already the second largest consumer of petroleum in North America and will probably increase its lead over time. This chart of yearly percentage increases in petroleum consumption averaged to 2025 illustrates this

So, when China begins to exert its UN vote, we need to view it from a different point of view. Seen from an economic point of view as opposed to a political one should give us pause. Even though the Maoist are still too tight, no doubt they sing "money makes the world go around, the world go around" behind closed doors.
Back to the point, how better to kick Western Civilization in the balls than to seriously disrupt the world's oil flow. Even though we import significantly less, percentage wise, than many other regions, we've already seen what just a little disruption or even a threat will do to the market.
Be afraid, be very afraid. . .

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