Climate solution's central element should be high-speed rail
Surely the US manufacturing industries could be reconstructed to produce what the country needs, using its highly skilled work force--and what the world needs,
and soon, if we are to hope to have some hope of averting major catastrophe.
Source: Hopes and Prospects, by Noam Chomsky, p. 95-96
, Jun 1, 2010
Oil is cheap because Pentagon’s expenditures keep it cheap
Postwar development relied on cheap & abundant oil, kept that way largely by threat or use of force. So matters continue. A large part of the Pentagon budget is devoted to keeping Middle East oil prices within a range that the US and its energy companies
consider appropriate. The only technical study of the topic concludes that Pentagon expenditures amount to a subsidy of 30% of the market price of oil. Estimates of alleged efficiencies of trade are of limited validity if we ignore such hidden costs.
Source: Profit Over People, by Noam Chomsky, p. 30-31
, Jul 2, 1996
Click here for definitions & background information on Energy & Oil.