Re: Re: “When the well runs dry” – Irish Times series

I could take a converse position and say that I am spending too little time in Latin America of late talking to real people who have seen the effects of great visionaries before.

I feel that it is all too easy to overstate the role of US foreign policy on energy prices the real drivers for me have been the emergence of the new economies of China, India and Brazil who are undertaking the type of industrial projects that were the centre pieces of the European economy in the 1960’s and are extemely energy intensive. Combine this with the way that hedge funds make the market and the smallest geo-political event is a great excuse to hike prices disproportionately for the record Venezeula has never exceeded 4.5m ppd