I recently read the Kevin Phillips book American Theocracy, and the first 1/3 of the book (the only part worth reading, IMO) lays out a sobering argument that America's dependence on oil, which has allowed America to build itself into the most powerful nation in the world, will soon bring the nation, and possibly the world economy to its knees as dependence on oil as a source of energy faces dwindling reserves and rising prices.
The author also points out the fact that no American president since Jimmy Carter has made any effort whatsoever to move America away from oil to alternative sources of fuel. Other Presidents, especially the Bushes and Clinton, focused on increasing energy reserves through acquisitions and wars, which is treating the symptom while ignoring the underlying problem.
I'll be honest - this book is disturbing. While it's not new to me that oil is being used up, and that we need new sources of fuel, I have never thought about just how much the world economy, and America's in particular, depends on oil.
I thought I'd ask here what everybody thinks about this topic. What energy sources will drive the world economies in the future, and where will America's place in the world be? Worst case, I am afraid that our ignorance in not developing alternatives while allowing our manufacturing base to move overseas will thrust this nation into another great depression.
Nuclear energy seems at this point to be the cheapest and most reliable way to go. Unfortunately, no new nuclear reactor has been built in the U.S. in 30+ years.
The author also points out the fact that no American president since Jimmy Carter has made any effort whatsoever to move America away from oil to alternative sources of fuel. Other Presidents, especially the Bushes and Clinton, focused on increasing energy reserves through acquisitions and wars, which is treating the symptom while ignoring the underlying problem.
I'll be honest - this book is disturbing. While it's not new to me that oil is being used up, and that we need new sources of fuel, I have never thought about just how much the world economy, and America's in particular, depends on oil.
I thought I'd ask here what everybody thinks about this topic. What energy sources will drive the world economies in the future, and where will America's place in the world be? Worst case, I am afraid that our ignorance in not developing alternatives while allowing our manufacturing base to move overseas will thrust this nation into another great depression.
Nuclear energy seems at this point to be the cheapest and most reliable way to go. Unfortunately, no new nuclear reactor has been built in the U.S. in 30+ years.