Thursday, 4 October 2012

Crude Awakening - Documenary Notes



 
. We are making ourselves dependent on oil.

. $1 of oil = 2,500 hours of manual labour (energy worth)

. 98% of transport energy comes from oil.

. "Oil is precious and non-renewable energy."

. In the early 1900's, Baku, Azerbaijan produced 95% of the world's oil. 

. "Venezuela was the Saudi Arabia for oil extraction" up until the 1950's, with masses of oil being pumped from the ground.

. "Oil is a magnet for war" > Elements of oil in World War I and World War II > 1970's war with Egyptians and Israelis > Saddam Hussein's war with Kuwait > Iraq war 2003 = all evidence points to the wars being completely about oil fields.

. "Oil fuels and intensifies war."

. Hubbert's Peak (turn of the century decline)

. China is growing at 10% every year. Highest importers of fuel/oil.

. "We are a victim of our own success."

. People are not willing to adapt to new changes.

. Stability of countries such as Saudi Arabia are now questionable.

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