A Global Oil Grab?US -- The Bush/Cheney Energy Plan expects to see oil consumption rise to 25.8 million barrels per day Barrels per day (abbreviated BPD, bbl/d, bpd, bd or b/d) is a measurement used to describe the amount of crude oil (measured in barrels) produced or consumed by an entity in one day. by 2020 with US dependence on foreign imports rising 61 percent. Deep in the massive report, Michael Klare Michael T. Klare is a Five Colleges professor of Peace and World Security Studies, whose department is located at Hampshire College, defense correspondent of The Nation magazine, and author of Resource Wars and (the author of Resource Wars) discovered a plan to use US energy firms to dominate foreign energy sectors, especially in Venezuela, Colombia and Brazil. To co-opt what's left of the world's vanishing oil reserves Oil reserves refer to portions of oil in place that are claimed to be recoverable under economic constraints. Oil in the ground is not a "reserve" unless it is claimed to be economically recoverable, since as the oil is extracted, the cost of recovery increases incrementally , the Bush/ Cheney plan would promote the ascension of US oil companies in Nigeria, Azerbaijan, Kazakhstan and the Persian Gulf Persian Gulf, arm of the Arabian Sea, 90,000 sq mi (233,100 sq km), between the Arabian peninsula and Iran, extending c.600 mi (970 km) from the Shatt al Arab delta to the Strait of Hormuz, which links it with the Gulf of Oman. . |
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