Venezuela says it could possibly close its refineries in the U.S. [Read Article] This would cause massive ripples in the oil markets and the economy as a whole. As we've told you before, those with energy are those with political power. The priciple in practice here is the "Energy is the oxygen of civilization." At Smart Energy Alternatives we don't believe the escalating tension between Venzuela and the U.S. will get to this point, but it is a demonstration of the priciple we're written about before. The article states clearly how this principle works: "Venezuela could sell oil now going to the U.S. to India, China and Latin America." Russia has experienced this with its former central asian republics showing willingness to negotiate oil deals with other nations. Stay tuned for more on this topic at SmartEnergyAlternatives
Sunday, February 05, 2006
Smart Energy Alternatives is a blog and associated site dedicated to providing readers with news, commentary and opinion on the energy crisis, Peak Oil, economics and smart energy alternatives.
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