Germany is on the USA's side of the oil business

[Otto]

----- Original Message -----
From: "Terrance" <lycidas2 at earthlink.net>
To: <pynchon-l at waste.org>
Sent: Tuesday, October 15, 2002 1:37 AM
Subject: re: Germany is on the USA's side of the oil business


> Germany is the world's fifth largest energy consumer. Germany has highly
> developed economy and is dependent on oil to keep it going. Germany is
> over 60% dependent on imported energy. 40% of Germany's imported energy
> consumption is oil (the highest percentage). Moreover, Germany is
> committed to going non-nuke and it is also committed to environmental
> agreements. Like it or not, Germany is in the oil business. And, it's
> likely that  Germany will be more dependent on oil in the next decade
> than it is now.
> Not only that, Germany is in Europe. It is part of the EU. The EU is
> dependent on oil.
> Much of it is also going non-nuke and will be more dependent on oil in
> the next decade.
> Weak as it is currently, Europe can not weather a new oil shock, like
> oil above $40. Neither can East Asia where interest rate cuts won't be
> possible in the face of rising prices and inflation. OPEC is weak and
> getting weaker. The USA has warned OPEC not to cut production. So why is
> oil at $35?  W A R Market hate uncertainty. Right now, the world is
> pretty uncertain place. If Bush invades Iraq oil will probably top $40.
> But, if he controls the oil fields, we could see $10 oil. The Russians,
> who are now shipping oil to Texas won't like that.

I agree. I suspect that keeping the oil price above 18$ is the main reason
why Putin opposes a war on Iraq and is against a regime change.

> Neither will Saudi
> Arabia. But Germany won't cry. Germany, with no oil, is on the USA's
> side of the oil business. How will Germany pay for its share? Keep an
> eye on those ships and that "war on terrorism."

Yes, and building up Afghanistan together with the Dutch and other
NATO-partners. But if the war starts we won't have the money for that. We
will take our troops back home then.

There can be no doubt that alternative energies (to free ourselves from the
oil) are on the agenda. It's true, we have a law to close down all nuclear
plants within the next thirty years. And any attempt by future conservative
governments to change this will lead to a situation close to civil war.

Otto

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