{"id":62273,"date":"2022-03-22T18:13:14","date_gmt":"2022-03-22T23:13:14","guid":{"rendered":"https:\/\/olduvai.ca\/?p=62273"},"modified":"2022-03-22T18:13:14","modified_gmt":"2022-03-22T23:13:14","slug":"oil-shocks-and-the-potential-for-crisis-u-s-house-2007","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=62273","title":{"rendered":"Oil shocks and the potential for crisis U.S. House 2007"},"content":{"rendered":"<h3 class=\"entry-title\"><a title=\"Permalink to Oil shocks and the potential for crisis  U.S. House 2007\" href=\"https:\/\/energyskeptic.com\/2016\/oil-shocks-and-the-potential-for-crisis-u-s-house-2007\/\" rel=\"bookmark\">Oil shocks and the potential for crisis U.S. House 2007<\/a><\/h3>\n<div class=\"entry-content\">\n<p><a href=\"https:\/\/energyskeptic.com\/2016\/oil-shocks-and-the-potential-for-crisis-u-s-house-2007\/oil-shockwave-2007-oil-on-fire\/\" rel=\"attachment wp-att-7304\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-7304\" src=\"https:\/\/energyskeptic.com\/wp-content\/uploads\/2016\/05\/oil-shockwave-2007-oil-on-fire.jpg\" sizes=\"auto, (max-width: 451px) 100vw, 451px\" srcset=\"https:\/\/energyskeptic.com\/wp-content\/uploads\/2016\/05\/oil-shockwave-2007-oil-on-fire.jpg 451w, https:\/\/energyskeptic.com\/wp-content\/uploads\/2016\/05\/oil-shockwave-2007-oil-on-fire-300x180.jpg 300w\" alt=\"oil shockwave 2007 oil on fire\" width=\"451\" height=\"270\" \/><\/a><strong>Preface<\/strong>. U.S. Congressional hearings have boasted of America\u2019s energy independence for several years.\u00a0 For those of you with a longer view, and doubts about the shale \u201cfracked\u201d oil revolution, here\u2019s a house hearing about oil dependence.\u00a0 Much of the testimony revolves around an exercise called \u201c<strong>Oil ShockWave\u201d<\/strong>, which Admiral Blair describes as \u201can executive crisis simulation to illustrate the strategic dangers of oil dependence. Oil Shockwave confronts a mock U.S. cabinet with highly plausible geopolitical crises that trigger sharp increases in oil prices. Participants must grapple with the economic and strategic consequences of this \u2018oil shock\u2019 and formulate a response plan for the nation.\u201d Some of the participants were Robert Rubin, former secretary of the Treasury, Carol Browner (former head of the EPA), Richard Armitage former deputy secretary of state, Retired General Abizaid, John Lehman, former secretary of the Navy, Gene Sperling former national economic adivisor, Phhilip D. Zelikow executive director of the 9\/11 commission, and Daniel Yergin.<\/p>\n<p>The best \u201csolution\u201d offered is by Edward Markey of Massachusetts: \u2026a nationwide oil savings plan saving of 10 million barrels of oil per day by 2031. Heinberg proposed this in his 2006 book \u201c<a href=\"https:\/\/www.amazon.com\/Oil-Depletion-Protocol-Terrorism-Economic\/dp\/0865715637\">The Oil Depletion Protocol: A Plan to Avert Oil Wars, Terrorism and Economic Collapse<\/a>\u201c.\u00a0 Ah well, with peak oil likely in 2018 (Peak Oil is Here!), we\u2019ll be forced to reduce consumption without having made plans.\u00a0 Though I fear the plan is War: the 1980 Carter Doctrine states that the United States will use military force, if necessary, to defend its national interests in the Persian Gulf.<\/p>\n<p>Some of the interesting bits include:<\/p>\n<p><strong><u>ADMIRAL DENNIS BLAIR, USN (RET.), Former Commander in Chief, U.S. PACIFIC COMMAND<\/u><\/strong><\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Oil shocks and the potential for crisis U.S. House 2007 Preface. U.S. Congressional hearings have boasted of America\u2019s energy independence for several years.\u00a0 For those of you with a longer view, and doubts about the shale \u201cfracked\u201d oil revolution, here\u2019s a house hearing about oil dependence.\u00a0 Much of the testimony revolves around an exercise called [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[11836,11859,2480,827,1796,32781],"class_list":["post-62273","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-alice-friedemann","tag-energy-skeptic","tag-oil-shock","tag-united-states","tag-us-congress","tag-us-congressional-hearings"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/62273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62273"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/62273\/revisions"}],"predecessor-version":[{"id":62274,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/62273\/revisions\/62274"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}