Tuesday 13 March 2012

Tomgram: Michael Klare, Why High Gas Prices Are Here to Stay | TomDispatch

Think about this for a second and if it doesn’t stagger you, I don’t know what to say: the U.S. military consumes as much oil every day as the entire nation of Sweden.


Or take a guess on this question of the week: How much did it cost Mobil and its partners to build the world’s largest oil-drilling platform, a 1.2 million-ton monster that sits in 300 feet of water in “Iceberg Alley” in the Canadian North Atlantic and is armored with 16 protective “teeth” designed to absorb the impact of those approaching bergs?  The answer: $5 billion for the Hibernia platform, which is now producing 135,000 barrels of deep sea oil per day.

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