America is destined to become the world’s largest exporter of fossil fuel liquids, as well as, the world leader in alternative energy solutions. Unfortunately for free humanity, those two events will greatly aid the ability of the existing power elites to maintain the system of global government which they are creating. Over the next two or three decades the decline in global liquid fuel production will cause a series of shocking crises’, and bring about a brutal depression of the current American way of life. However, those directing our nation are looking beyond the next few decades. If we follow their gaze, there are reasons to expect that around midcentury America will experience a considerable resurgence in its role as a global economic leader. In a resurgent economy, the growing system of global political control will be more sustainable than many freedom lovers are expecting. Below are the reasons our nation will not devolve into energy depletion anarchy.
1st Near the middle of this century North America, together with Venezuela will become the source for the majority of the world’s fossil fuel liquids. (Venezuela will become the vassal of the globalist controlled North American Union.) The reasoning and geology supporting this assertion will be presented in a separate post. (Summary below)
2nd Americans will become world leaders in creating alternative energy solutions –precisely because they will be greatly hurt by the coming fuel shortage. The U.S. will adapt to the oil crisis quicker and more thoroughly than almost any other nation because, more than any other nation, Americans must innovate. The U.S is one of the most energy dependent nations on earth. The U.S. has a high 70% ratio of imports to domestic oil production. Therefore, Americans will be among the those most affected by the liquid fuels shortage. Americans will feel the pain more immediately than most other countries (except very poor countries where more people will likely die of starvation), and we will react more massively than most countries. The sharp pain of crippling energy shortages will forcefully drive U.S. citizens to adapt rapidly. We will intensively create alternative energy solutions.
Americans will adopt and innovate, not only because we must, but also because we can. More than most nations, Americans have both the ability and predisposition to innovate. America has a well educated populace, the largest and most widely distributed tool and infrastructure base in the world, and a remarkable abundance of remaining natural resources. We have the essentials from which to build energy alternatives. America is also the nation most historically and culturally predisposed to independence and innovation. During the crisis’ ahead, traditional “American” qualities of independence and innovation will be awakened and renewed.
3rd U.S. military power has been, and will continue to be, utilized to control access to strategic resources; to limit the access of competitor nations to those resources; and to shore up the dollar’s utility in the global monetary system. The U.S. maintains, by far, the world’s largest military.
U.S. military power will allow America’s ruling elites to maintain financial and trade hegemony and utilize the dollar’s reserve currency status far longer than is expected. U.S. military power will be utilized to enforce the ruling class’s desired distribution of food and fossil fuel resources throughout much of the period of oil and natural gas depletion.
4th U.S. Demographics will contribute savings needed to create new energy infrastructure. The large retiring U.S. baby boom population has already begun to turn, quickly and naturally, from its peak spending years to its peak saving years. The U.S. is on the way to becoming a nation of great savers. Though much boomer capital is likely to be destroyed in the financial calamities ahead, considerable savings will remain, and more will be boomer created and utilized to fund alternative energy production.
5th The U.S. dollar’s status as the world’s reserve currency will remain for much of this decade. The dollar is indeed dying. Yet, for as long as the dollar retains status as the world’s reserve currency, America will be the first at the global table in acquiring the tremendous resources needed to create energy alternatives. The dollar’s ongoing reserve currency status allows the U.S. to fund its plans and programs on the back of the world. American dollar depreciation (inflation) comes mostly at the expense of foreigners -who are now the primary holders of dollar reserves.
Ultimately, the midcentury North American resurgence in fossil fuel energy production, together with a massive creation of non fossil fuel alternative energy solutions, will create a dramatic and generally unforeseen turn around in the U.S./North American economic and financial picture. However, the current U.S. dollar supremacy and military supremacy, together with our likely future supremacy in unconventional fossil fuels and alternative energy solutions, will aid the ruling elite’s efforts to control and stabilize the global political system which they are now creating. The elite controlled political-economic system is more sustainable than commonly expected.
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The coming Global Energy Shortage will Result in Long Term North American Dominance in the Production of Fossil Fuel Liquids
· Canada has 80% of the World’s Producible the tar sands for bitumen to liquids.
· U.S. has 45% of the World’s Producible Oil Shale for kerogen to liquids.
· Venezuela (soon to be an vassal state) has 90% the World’s extra heavy oil for heavy to liquids.
· North America has 30% of the World’s natural gas for gas to liquids.
· North America has 40% of the World’s producible coal for coal to liquids.
· North America has large untapped reserves of conventional oil (100+ billion barrels USGS 2007)
· North America has the world’s largest Strategic Petroleum Reserve.
· North America is a world leader in Methane Hydrate resources & infrastructure to produce it.
· North America will remain the Global Leader in fossil fuel energy technology.
· North America is the Pre-eminent Global Military Power –most able to enforce its geostrategy.
· North America has the world’s reserve currency –first to the global table in acquiring resources.
· North America will be the Most Probable Global Leader in Alternative Energy Technology.
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The earth can provide sufficient resources. Yet, despite the available resources, nothing in this post is intended to indicate that the average American will prosper. On the contrary, Americans have been experiencing a nearly continual creeping decrease in personal liberty. Control of resources, money, politics, and power is being consolidated. As personal freedoms are lost, so too is our individual ability to prosper. There will be work -only for those who submit to systemic control. Thus, instead of being optimistic about our resource abundance, I foresee the long term energy picture as evidence that that a small oligarchy will have the resources to maintain a corrupt global power structure for decades longer than many Peak Oil observers predict.
15 Comments
cedartree
See what N. DAK. has for reserves in the bakken field and a new one just discovered.
Their state political structure is not in any way connected to the liberal elite, who sit on the
throne of NORTH AMERICA. They have their own central bank--THE STATE OF NORTH DAKOTA, dba
BANK OF NORTH DAKOTA.
So the unemployment figures are astounding!
There are thousands of job openings.
Their finances are excellent, no debt!
Personal income is up by several percentile.
Unemployment is very low.
bob
China's 50 year plan is right on course to run the world. As you have read about and seen, they
are integrating it policies with many countries (contracts) for commodities. What concerns me
is the "Military" build up.
SanDiegoGuy
And here's some upbeat news from Whisky & Gunpowder:
Massachusetts Makes Far Left Democrats Think AgainJan 28th, 2010 | By Patrick Cox | Category: Featured, Politics, Technology
President Obama exhorted Senate leaders just over a month ago to pass the health care bill. “We are on the precipice,” he declared, of health care change. At the time, I figured he’d simply misspoken. A precipice, after all, is a situation of great peril or the edge of a dangerous cliff. Now I think it was a Freudian slip.
The health care bill was a cliff. It had become tainted with Chicago-style pressure politics, industry and congressional payoffs, secrecy, profligacy and policy confusion. When the Democratic Party stronghold of Massachusetts elected a Republican senator to the “Kennedy seat,” Obama’s progressive agenda fell into the abyss.
The president then magnified his losses by countering the Massachusetts loss with a populist attack on the very banks he had bailed out. He proclaimed that he would increase regulations on banking institutions. Exempted, of course, were his beloved quasi-governmental agencies Fannie Mae and Freddie Mac, whose fraud and corruption cascaded us into the current Great Recession. Worse, he promised to raise taxes to “get our money back” from a still unsteady financial industry.
The stock market dutifully and predictably plummeted 500 points. Even loyal supporters in the media, who swallowed the administration line concerning the boondoggle stimulus package, broke ranks. If I had to bet, at this point, my money says Obama joins Jimmy Carter on the list of one-term presidents.
I’m writing about this stuff because of the financial consequences, and the news is very good. I never doubted that America would eventually rein in the big spenders and return to fiscal sanity.
I predicted a hard tack to the center when Barack Obama was elected. I also predicted that the health care takeover would not succeed. I didn’t predict, however, that this failure would be so hard and so fast.
The reason I was wrong about the timing was that I didn’t expect him to abandon his centrist campaign promises so completely. I had assumed that he would govern as a pragmatic opportunist, not one of Eric Hoffer’s “true believers.” And I lost faith in my own judgment regarding health care, believing that some watered-down version would pass. Even that outcome is now in serious doubt.
Regardless, the consequence of this shift is extremely positive for the economy and investors because the administration’s ability to expand government has been abruptly curtailed. After unnecessary and public humiliations over the Chicago Olympics, Copenhagen and Massachusetts, the president’s currency is looking a lot like the Venezuelan bolivar.
While the president promises to double down and keep fighting for his progressive goals, Democratic moderates are abandoning ship. Rep. Marion Berry of Arkansas, for example, is only one Democrat who has decided not to run for re-election in this climate of backlash. He now openly mocks the president’s belief that he can prevent a massive shift to the Republicans in the 2010 elections.
So let’s discuss the benefits of these developments. Primarily, we will now see a coalition of Republicans and moderate Democrats grow in power. This means that the most radical of the administration’s legislative goals, cap and trade and a government health care takeover, are almost certainly shelved.
This is extremely good news because cap and trade was an economy killer even in good times. Moreover, it would have had no impact on climate. I believe, as do many scientists shut out of the corrupt U.N. process, that CO2 does not drive climate change. Even if you believe it does, however, many environmentalists have pointed out that the legislation would have no appreciable effect on CO2 levels. Cap and trade was always about raising taxes and delivering control of industry to the intellectual classes.
Incidentally, China and India have confirmed what I predicted. They will not sign even the toothless Copenhagen climate accord. This is the final nail in the U.N.’s effort to institute global governance based on climate concerns. Interestingly, the Indian media credit the vote in Massachusetts for their government’s decision to repudiate the U.N. power grab.
I can’t express how happy this makes me. Economic growth is the only solution to the enormous debt overhang that has been foisted on us by both our political parties. It’s also the solution to most of the developing world’s challenges. Like it or not, all economies have been globalized to one degree or another. Growth in Asia and South America will have beneficial impacts on your portfolio.
We can now expect the administration to start talking about the economy. Unfortunately, the enormous pork-barrel stimulus package and the debt it has entailed has already depleted the fiscal arsenal. Fortunately, two-thirds of the so-called stimulus package has not yet been spent. If Obama were to support the repeal of that spending and institute tax breaks, he could probably accomplish the same thing that JFK did when he faced a lousy economy. A CNN poll just showed that 56% of Americans favor doing so.
It is particularly meaningful that Nebraska voters forced Ben Nelson to take the special advantages he won for the state from the health care bill. Americans are clearly willing to forgo politically gotten gains. Obama himself is now talking about “deficit reduction,” though starting a year from now.
Without spending cuts that I doubt he will support, that’s a synonym for “increased taxes.” The Tea Party movement, which now has higher voter approval than either major party, probably won’t allow that to happen.
Incidentally, it has taken one of the most liberal representatives, Dennis Kucinich of Ohio, to point out the damage liberals have done to themselves by disparaging that movement. He said, recently, “I met with people who were unfairly ridiculed as being just a bunch of Teabaggers and, frankly, they had basic economic concerns just like everyone else, they felt that government wasn’t listening to them, and this is where the Democratic Party better wake up.”
Whether or not one agrees with the movement, the individuals have been alienated by those who insulted them, and this includes the failing media as well as the president.
Anyway, the bottom line is that we’ve turned an incredibly important corner. The delusion that the smart kids could solve all our problems if they just had enough power has been brought back under control, at least temporarily. We will pay the price for the foolishness of the last decade for some time, but lessons have been learned.
I hate to be the optimist in the crowd, but I predict that people will look back in a few years at this as an enormously positive time. Breakthrough technologies will have powered investors and the economy to new financial heights.
The weakness of economists is that we cannot imagine the true nature of exponential growth. In my lifetime, I’ve seen enormously intelligent economists consistently underestimate the ability of free peoples to solve problems. They are making that mistake again now.
Significantly, these lessons are being learned all over the world. The Obama administration’s message has always been that America should be more like Europe. This is contrary to the message of other great Democrats, like JFK. America took that turn toward European-style mixed economies. We did it disastrously with our banking system and then unsuccessfully with health care. And the world has noticed.
If you’d like a little pick-me-up, there’s a great article in The Economist. An excerpt: “America’s most vibrant political force at the moment is the anti-tax Tea Party movement. Even in leftish Massachusetts, people are worried that Mr. Obama’s spending splurge, notably his still unpassed health care bill, will send the deficit soaring. In Britain, where elections are usually spending competitions, the contest this year will be fought about where to cut. Even in regions as historically statist as Scandinavia and southern Europe, debates are beginning to emerge about the size and effectiveness of government.”
My old friend Leonard Read, who brought Austrian economics into the U.S. and funded Ayn Rand when she was writing her first novel, had something to say about times like this. Paraphrasing, he said that three steps forward in human progress are inevitably followed by two steps backward. Yet thousands of years of history have shown that those two wrong steps are always followed by another three that lead to increased freedom and prosperity.
It’s nice to be moving in the right direction again.
Regards,
Patrick Cox
January 28, 2010
derryl
That's one of several uplifting pieces I have read recently. There is some real optimism about our future, and some realistic trajectories about how to get there, Phoenix rising from the ashes scenarios. All is not lost. We are still strong. We can work our way through this. We ain't dead yet.
derryl
There is some real emerging optimism about our future, and some realistic trajectories about how to get there, Phoenix rising from the ashes scenarios. We are still strong. We can work our way through this. It feels good to feel this way again, however briefly it may be.
bob
Wonder why America is looooooosing its value:
go to AmericaWakeup.net .....denial of reality is hard to swallow....
Foreign Ownership?????????????????????????????????