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H12900

Headlines : International

Summary:

The 21st century will likely be defined by three overarching forces: climate change, Peak Oil, and macroeconomics.

The twin issues of climate change and Peak Oil are intertwined variables, and each represent extremely important phenomena that have slowly gained some public awareness. However, the third issue, macroeconomics in its geopolitical context, and more specifically the global trends regarding petrocurrencies, remains essentially unreported by the five US corporate media conglomerates.

[Posted By ShiftShapers]

By William Clark
Republished from The Center for Research on Globalization

Peak Oil, Petrocurrencies & the Emerging Multi-Polar World

The 21st century will likely be defined by three overarching forces: climate change, Peak Oil, and macroeconomics. The twin issues of climate change and Peak Oil are intertwined variables, and each represent extremely important phenomena that have slowly gained some public awareness. However, the third issue, macroeconomics, and more specifically the global trends regarding petrocurrencies, remains essentially unreported by the five US corporate media conglomerates. Nonetheless, from Washington to Caracas, from London to Moscow, and from Beijing to Tehran, in order to fully appreciate contemporary geopolitics, it is important to recognize the underlying momentum towards multiple petrocurrencies — and the growing challenge to US dollar supremacy.

The hypothesis outlined in my book, Petrodollar Warfare; Oil, Iraq and the Future of the Dollar, is that the geopolitical landscape of this century is increasingly being driven by escalating competition for energy supplies before global oil production peaks, and the erosion of dollar hegemony and emergence of new petrocurrency alignments. [3] The tragic war in Iraq is in many ways the first oildepletion and oil-currency war of the 21st century.

This essay explores disparate energy and economic alignments that…

[end excerpt]

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Posted by ShiftShapers
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RECENT COMMENTS

Ex-US official: Bush would approve Iran attack: Richard Perle says, ‘If strike on Iran required US participation for success, president would agree.’

ShiftShapers @ 01/24/07 18:02:52

Looking for a Gulf of Tonkin-like Incident

ShiftShapers @ 01/24/07 18:42:56

Shifty, I hope that you are right. I would love to see a US strike on Iran’s nukes. To see those religious mullahs curse the shiite curses of the ages at our heroes and our leaders and all infidels, would be one the most entertaining dramas, you couldn’t write for television.

Sadly, I don’t think that it is going to happen. Sadly, I will have to settle for seeing our heroes deliver a licking on Iraqi and Islamist foreign religious terrorists.

nobinPoddywodder @ 01/24/07 19:32:06

/rofl

a_pretty_rainbow @ 01/24/07 20:37:30

Nob, I hope the nuclear fallout reaches your house first.

tenbob @ 01/25/07 05:30:01

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