Will Politicians or $200 Oil Save Planet?
Barry Artiste, Now Public Contributor
Media reports that on Friday crude oil hit $138 US a barrel, up $10.75. That's the biggest spike ever in a single day.
Experts have stated "What do you think it will do for the planet if the trend continues and oil hits $200 a barrel, as many expect?"
Nobody knows for sure. But the economist Jeff Rubin, one of the best, has a pretty good idea: "Two-hundred-dollar oil will do more than 100 Kyoto agreements."
In my Opinion, that is a pretty good assessment, considering SUV's are going the way of the dinosaur. Industry Job losses are rampant, economy taking a down turn when Dow takes a 300 point hit, starvation of third world countries over food prices, when Biofuels are more lucrative than growing it for food.
The good old days are gone, and the planet may live another day, even if third worlds do not.
Will politicians or $200 oil save planet?Green regulations cause a carbon blow-back that pols didn't expectMiro Cernetig, Vancouver SunPublished: Saturday, June 07, 2008
You've probably heard of the butterfly effect, the theory that the flapping of an insect's wings in the Amazon can ripple through the planet's atmosphere in unintended ways and, a hemisphere away, trigger a tornado over Kansas.
Well, the same principle is now playing out with our attempt to stop climate change.
Call it carbon blow-back, and it's causing political havoc. In recent weeks, we've seen those attempts to reduce our carbon footprints -- mostly through new government regulations -- cause all sorts of effects in our political and economic spheres. Some are good, some are bad, depending on your self-interest, but almost all were quite unanticipated by the experts. Or at least they didn't tell us about them.