F. William Engdahl: I take a critical look at last week’s Five Principles For US Energy Security from Stuart Butler and Kim Holmes. My counterproposals emphasize environmental and fiscal concerns, as well as historical perspective.
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The future world energy order will have China, India, and Middle Eastern countries rather than OECD countries at its helm. ++ Conventional oil is likely to peak soon, and unconventional oil will then play an important role. ++ Since global oil resources are limited, it is only a matter of time before all oil will peak. ++ Though biofuels have received much criticism recently, without them fuel
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