Ally Dave Roberts turns us on to this illuminating piece, China's risky scramble for oil:
"For China and India to reach just one-quarter of the level of US oil consumption, world output would have to rise by 44 percent. To get to half the US level, world production would need to nearly double.
"That's impossible. The world's oil reserves are finite. And the view is spreading that global oil output will soon peak.
"As a result, "the growing demand for oil is leading to a growing global conflict," warns Amos Nur, a geophysicist at Stanford University. The 1991 Gulf War, the 9/11 attack, and the current war in Iraq are skirmishes that could "pale in comparison with the looming potential conflict over oil with China."
China is one of the lynchpins. If we get a bright green China, much else is possible. If we don't, the prospects of every person on the planet get a whole lot dimmer.









