Thursday, 7 August 2008

The Energy Crisis & Political Solution

The recent fuel prices and the rising food prices have caused mayhem for all countries of the world. In Britain, many people have blamed the increasing development in China and India, other blamed the use of agricultural lands for alternative fuel crops. So much for world planners and economic smart alecs. The truth is that only the POOR suffer.

Today, the 8 of August 2008, 06.45am, I was listening to BBC Radio 4 when Professor Paul Stephen of Chattam House - a UK think tank advised about governments' and petroleum companies' short-sightedness in terms of sharp increases in fuel prices - possibly reaching $200 a barrel. Most importantly, my attention was drawn to his comment on the recent rantings in the USA political campaigns about oil drilling in Alaska and elsewhere. He cautioned that even if oil drilling started today, the first drop of oil will probably be available in about 10 years time.

My question is, why are the US electorates not being made aware of this. Many of those polled believed that once drilling of oil is started, the price of fuel at their local pumps will drop sharply.

My advice to my fellow electorate is to read a book by Dr Runciman of the University of Cambridge called Political Hypocrisy. The book talks about why those who suffer most in the political arena are the most honest ones - for example, the current Prime Minister of the UK - Gordon Brown. Though very honest and principled, he is still not trusted by the general public because the public do not expect politicians to be honest. I might add, the media (mostly from the right)and the recent world economic difficulties have not helped his cause. For me, the general publics lack of trust simply reflects how we all are.

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