Peter Grimes interview on Indymedia

Jon Flanders jonathan.flanders at
Wed Nov 5 10:02:59 MST 2003

<<Thus the professional oil depletion theorists line up, almost to a
man, behind private property, behind imperial penetration, behind
austerity, behind a status quo they pretend to criticize.>>DMS

Really? Like Mark Jones? Richard Heinberg? Colin Campbell? Let's hear
some specifics from our list abstractionist.
Also, see today's NY Times for an interesting article on energy
investment needs.

Jon Flanders

Published: November 5, 2003

WASHINGTON, Nov. 4 - The world's increasing demand for energy will
require total investments of $16 trillion by 2030, most of it needed to
maintain and expand the electricity infrastructure, according to a study
released on Tuesday.

The report - a yearlong study by the International Energy Agency, a
Paris-based group set up by leading energy-consuming nations in response
to the oil embargo of the early 1970's - finds that oil from the Persian
Gulf region will play an increasingly important role in the world
economy despite economic, political and geological questions in the
region. The uncertainty surrounding the development of Iraq's vast oil
reserves contributes to these questions, the report found.

Called the World Energy Investment Outlook - 2003, it was supervised by
Fatih Birol, chief economist for the agency, and included information
from international organizations, energy companies and financial
institutions. The agency itself is an autonomous group linked to the
Organization for Economic Cooperation and Development.

The report's main implication, the need for enormous investment in
existing energy technology, led some experts to question whether
innovative technologies should receive more attention.


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