I really liked
Hernan's last entry. I found it very truthful.
On another topic, I have found a good number of articles regarding the economical/political consequences of the Preventive War, that is coming.
Worth reading are
"Current Oil Shocks could lead to recession", the links in
"War with Iraq: Costs, Consequences, and Alternatives", of course the
report itself.
As an exercise in mindless web browsing (and
read the articles behind the links, they are there to be clicked), let's begin by taking a look at the
National Debt of the U.S., as of this very moment $6,469,491,491,483.10.
Now as all good debts, it won't stay stationary, it will increase, the deficit for 2003 is estimated at
$199 billion, and the forecast for 2004 may be higher than $350 billion.
The U.S. consumes about 20 million barrels of oil, per day, Iraq produces today 2,2 million barrels per day, (Rumeila 1300000,Kirkuk 750000,Other 150000) and has a potential of (Madschnun 600000, West Kurna 600000, Nahr Umar 450000, Nassirija 300000, Halfaja 225000, Ratawi 200000, Other wells 470000) other 2,6 million barrels per day. Let´s take a look at the
Crude Oil futures, and the
historical prices.
One of the most promising alternatives to fossile fuel so far is
hydrogen-powered fuell cell. The
budget for
fuel cell research in 2004 will be around $875.8 million.