Welcome to the yard on the left. A place to contemplate, relax, and rant on the right.

6.27.2008

A carpet of Geraniums

The Geraniums (Geranium x cantabrigiense ‘Biokovo’) are in bloom in both the front and back LipsYard. They are a very hardy perennial that grow 6-8” in height and spread with white blooms tinged with pink. The overall effect is a beautiful loose carpet of foliage. This is a naturally occurring hybrid that was discovered in the Biokovo Mountains in Croatia.

Wild geraniums were used by North American Indians and early settlers as an herbal remedy, being both safe and effective. The Chippewas used the rhizome, or underground stem, for sores inside the mouth, and other Indian peoples steeped the plant in water to use as an eyewash. Indians also ate the young green leaves as food. To this day herbalists recommend the plant, also known as Cranesbill, for many of the same medicinal purposes, with the fluid extract and powdered rhizome both widely available in herbal stores.

Not unlike our Geraniums, (or the Borg of Star Trek,) a loose carpet of pain, caused by rising oil prices is spreading across the globe. Michael T. Klare writes in The Nation:

"As the pain induced by higher oil prices spreads to an ever growing share of the American (and world) population, pundits and politicians have been quick to blame assorted villains — greedy oil companies, heartless commodity speculators and OPEC. It's true that each of these parties has contributed to and benefited from the steep run-up. But the sharp growth in petroleum costs is due far more to a combination of soaring international demand and slackening supply — compounded by the ruinous policies of the Bush Administration — than to the behavior of those other actors.

Most, if not all, of the damage was avoidable. Shortly after taking office, George W. Bush undertook a sweeping review of U.S. energy policy aimed at expanding the nation's supply of vital fuels. The "reality is the nation has got a real problem when it comes to energy," he declared on March 14, 2001. "We need more sources of energy." At that time many of the problems evident today were already visible.

...many energy experts urged the White House to minimize future reliance on oil, emphasize conservation and rapidly develop climate-friendly alternatives, especially renewables like wind, solar, geothermal and biofuels. But Dick Cheney, who was overseeing the energy review, would have none of this. "Conservation may be a sign of personal virtue," the Vice President famously declared in April 2001, "but it is not a sufficient basis...for sound, comprehensive energy policy." After three months of huddling in secret with top executives of leading US energy companies, he released a plan on May 17 that, in effect, called for preserving the existing energy system, with its heavy reliance on oil, coal and natural gas.

Because continued reliance on oil would mean increased reliance on imported petroleum, especially from the Middle East, Bush sought to deflect public concern by calling for drilling in the Arctic National Wildlife Refuge and other protected areas. As a result, most public discourse on the Bush/Cheney plan focused on drilling in ANWR, and no attention was paid to the implications of increased dependence on imported oil — even though oil from ANWR, in the most optimistic scenario, would reduce US need for imports (now about 60 percent) by just 4 percent. But this produced another dilemma for Bush: increased reliance on imports meant increased vulnerability to disruptions in delivery due to wars and political upheavals.

To address this danger, the Administration began planning for stepped-up military involvement in major overseas oil zones, especially the Persian Gulf. This was evident, for example, when then-Defense Secretary Donald Rumsfeld gave early priority to enhancement of American "power projection" to areas of instability in the developing world. Then came 9/11 and the "war on terror" — giving the White House a perfect opportunity to accelerate the military expansion and to pursue other key objectives. High on the list was the elimination of Saddam Hussein, long considered the most potent challenger to U.S. domination of the Gulf and its critical energy supplies. But the invasion of Iraq — intended to ensure U.S. control of the Gulf and a stable environment for the expanded production and export of its oil — has had exactly the opposite effect. Despite the many billions spent on oil infrastructure protection and the thousands of lives lost, production in Iraq is no higher today than it was before the invasion.

...But the Administration's greatest contribution to the rising oil prices is its steady stream of threats to attack Iran if it does not back down on the nuclear issue. The Iranians have made it plain that they would retaliate by attempting to block the flow of Gulf oil and otherwise cause turmoil in the energy market. Most analysts assume, therefore, that an encounter will produce a global oil shortage and prices well over $200 per barrel. It is not surprising, then, that every threat by Bush/Cheney has triggered a sharp rise in prices.

This is where speculators enter the picture. Believing that a U.S.-Iranian clash is at least 50 percent likely, some investors are buying futures in oil at $140, $150 or more per barrel, thinking they'll make a killing if there's an attack and prices zoom over $200. It follows, then, that while the hike in prices is due largely to ever increasing demand chasing insufficiently expanding supply, the Bush Administration's energy policies have greatly intensified the problem. By seeking to preserve our oil-based energy system at any cost, and by adding to the "fear factor" in international speculation through its bungled invasion of Iraq and bellicose statements on Iran, it has made a bad problem much worse.

What can be done to reverse this predicament? There is no realistic hope of substantially increasing the supply of oil — drilling in offshore US waters, as favored by President Bush and Senator John McCain, will not reverse the long-term decline in U.S. production — so it is only by reducing demand that fundamental market forces can be addressed. This is best done through a comprehensive program of energy conservation, expanding public transit and accelerating development of energy alternatives.

It will take time for some of these efforts to have an impact on prices; others, like reducing speed limits and adding bus routes, would have a more rapid effect. And if this Administration truly wanted to spare Americans further pain at the pump, there is one thing it could do that would have an immediate effect: declare that military force is not an acceptable option in the struggle with Iran. Such a declaration would take the wind out of the sails of speculators and set the course for a drop in prices."

No comments: