posted on Mar, 22 2013 @ 01:33 PM
We mankind MUST NEVER, never make the mistakes of the past.
When oil was discovered, it was cheap as it was believed to be in abundance. Then came along the middle east vast oilfields and inflation as there was
as much oil as cash was awashed in new industrialized nations.
When oil died down, with knowledge and fears that oil MAY not last forever, and the lie of PEAK oil, production slowed. Then politics came into play,
thanks to the new Iranian mullah who cunningly realised oil can be weapon, prices shot to the roof, and then our world became dependent on middle east
oil, at their beck and call.
UNFORTUNATELY, the middle eastern states only SQUANDERED such blessings. They used it to pay off its citizens, but spent most on themselves, their
self glorification agendas and their retention on power.
A nation CANNOT depend on oil as its economic wealth, for oil will not be forever. It is only a mineral resource. The GREATEST RESOURCE on planet
Earth is HUMANS, NOT resources with may end.
It is humans, whom if taught and educated, will be the ones to properly manage and husband such resources to its fullest potential, as well as to
identify other areas for diversification of the economy, for when educated, he knows the truths of sustainability of resources, competition and
evolution in science and tech of mankind.
Unfortunately, the rich shieks of the middle east failed to comprehend the need for all rounded education, equality, etc - needs for a civilisation to
progress. They stagnated, while the rest of the world progressed and expended into new science and tech to meet energy needs, such as solar, fracking,
Hugo Chavez was a fool, and Putin another, whom had not learnt the lessons of the past and the limited wealth that oil can bring. Despite Venuezela's
oil wealth, it only ended up Hugo's mismanagement with debts, for he spent and misused the oil, demagoguerically bribing the foolish citizens with
cheap oil for their support to stay in power. As a result, its economy floundered, and will fail, for NO diversification of meaningful use of its oil
wealth to empower and uplift his citizens.
America MUST NOT fall into the same trap just because it discovered new blessings. It only needs to sell gas at market rates, following HONEST market
forces and not manipulated ones. Many more nations are discovering oil and gas wealth today, at negligible new technology driven low costs, and energy
costs will only go on downward trends as the market will only become competitive.
As our population expands, so too needs, and eventually, inflation. We only need to use our naturally gifted intelligence to find ways, out of the
box, to meet those needs to leave none behind. Science, tech and resource management will be the critical skills for mankind's evolution next step,
not wars or personal greed self induced wars for resources.