Sunday, August 20

demand destruction

Destroying the demand for oil and gas is one possible strategy to address Peak Oil - albeit a deceptive one which hides the truth.

The following brief excerpt from
Michael Kane, writing for Michael Ruppert's From The Wilderness Publications has a different perspective on the "liquid bombers" arrests and the consequences which have eventuated.

Demand destruction has been discussed in both financial and elite circles for quite some time, especially as it pertains to the consumption of hydrocarbons.

Jet fuel makes up 10% of total oil consumption, or 12% of total liquid fuel consumption. North America and Western Europe consume more jet fuel than any other regions on the planet, totaling 112.5 million gallons per day as of 1998. That number is certainly higher today.

The recent arrests of suspects said to be conspiring to blow up planes headed from Britain to America occurred at a very convenient time in light of current events. As the world stands on the brink of an unprecedented energy crisis, the question is whether there is going to be a fast collapse or a slow burn.

Elites can attempt to avoid a fast collapse by manipulating the public's perception of reality in order to modify our behavior. As FTW's Carolyn Baker recently wrote:

If the empire will not tell the truth about Peak Oil, then it has only two options:

1) Create wars to take the resources it needs, and/or

2) Create demand destruction.

The arrests in the U.K. caused hundreds of flights to be cancelled or delayed. The ramifications will last for months, if not years. This terror-scare will likely be seen as a hallmark moment in the decline of the airline industry...

... A terror scare is good for the Bush Administration and the Republicans. Wall Street was virtually unaffected by the news of a thwarted terrorist plot on August 10, 2006, but European markets took a tumble...

...It is more likely that we will see continuous "terror scares" that further lead the population towards consuming less liquid fuel, and jet fuel seems to be the easiest target since social, political, economic and geological factors have naturally aligned against the airline industry.

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