We had a server outage, and we're rebuilding the site. Most of the site features won't work. Thank you for your patience.
imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Calendar Publish RSS
latest news
best of news




A-Infos Radio

Indymedia On Air

Dope-X-Resistance-LA List


IMC Network:

Original Cities

www.indymedia.org africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech

Surviving Cities

www.indymedia.org africa: canada: quebec east asia: japan europe: athens barcelona belgium bristol brussels cyprus germany grenoble ireland istanbul lille linksunten nantes netherlands norway portugal united kingdom latin america: argentina cmi brasil rosario oceania: aotearoa united states: austin big muddy binghamton boston chicago columbus la michigan nyc portland rochester saint louis san diego san francisco bay area santa cruz, ca tennessee urbana-champaign worcester west asia: palestine process: fbi/legal updates process & imc docs projects: radio satellite tv
printable version - js reader version - view hidden posts - tags and related articles

Oil Wealth as a Curse

by Susanne Gotze Wednesday, Aug. 02, 2006 at 9:59 AM

The world energy need will increase 50 percent by 2030 necessitating investments of billions in the energy infrastructures.. With its oil greed and balance of payments deficit, the US could endanger global peace and the stability of the world economy.


An exclusive club of industrial countries speaks about energy security

By Susanne Gotze

[This article published in: Neue Deutschland, 7/14/2006 is translated from the German on the World Wide Web, http://www.nd-online.de/funkprint.asp?AID=93582&IDC=3&DB=.]

The question was raised at a podium discussion in Berlin on the eve of the imminent G8 summit: What are the effects of resource shortage and the relentless energy hunger of the eight leading industrial nations on the world community?

Economic aid and energy supply were the themes of the 2005 G8 meeting in Gleneagles, Scotland. This year the sequence is reversed – concern about securing worldwide energy reserves is at the top of the agenda. Before the summit, there was agreement on a paper titled “Global Energy Security.” The eight states started from the assumption that the world energy need will increase 50 percent by 2030 and investments of “billions of dollars” in the energy infrastructure will be necessary – mainly in developing countries rich in raw materials. At the forum “World Economy in Oil-Withdrawal,” Elmar Altvater, emeritus professor of politics at the Free University of Berlin, explained that the energy hunger of industrial countries has little to do with economic aid: “The raw material wealth of threshold- and developing countries is more a curse than a blessing for their populations.” These populations hardly benefit from the investments of foreign firms that export the produced oil to the rich North and park the profits in Swiss bank accounts. The raw material exploitation causes enormous environmental damage. Altvater criticized and questioned the legitimation of the G8 meeting. Other countries must also be brought into the boat when global energy resources are discussed.

Ulrich Benterbusch from the German ministry of economics who belongs to the German G8 staff sees this less dramatically. The world energy shortage is not a compelling reason for conflicts and exploitation but a chance for growth. Many countries profit from high oil prices, Benterbusch explained. Altvater countered that the borders in energy questions often run between rich and destitute classes, not between countries. Oil conglomerates make millions in profits through speculation on the raw material exchanges while poor sectors of the population die in Africa and people could not heat their homes last winter in the US. This is very different in the European Union, Benterbusch replied. The high profits of foreign oil conglomerates will benefit the European market.

The German representative from the economics ministry conceded everything would not run problem-free as the gas dispute between Russia and the Ukraine showed. While the decision to keep special gas prices for former eastern bloc states was right, Russia represents an uncertainty factor for the EU. A close connection must be worked out, Benterbusch said. On the other hand, the Americans view Russia as a troublemaker and consider excluding Russia from the G8 community.

For Altvater, the problem is above all the US, not Russia. With its oil greed and its balance of payments deficit, the US could endanger global peace and the stability of the world economy.

Report this post as:

Local News

Woolsey Fire: Worst News of 2018? J01 12:18AM

Oppose Environmentally-Harmful Development D10 4:03AM

Oppose Environmentally-Harmful Development D10 3:58AM

OUR HOUSE Grief Support Center Presents Night for Hope O30 5:38PM

Marshall Tuck’s racist dog whistle O27 5:01AM

Marshall Tuck’s ethnocentrism contradicts Californian values O27 4:32AM

Contra Costa-Hawkins O25 3:48AM

Debunking Some Anti-Prop 10 Propaganda O12 6:56AM

Why Should California Choose De Leon Over Feinstein? O10 9:55PM

Change Links September 2018 posted S02 10:22PM

More Scandals Rock Southern California Nuke Plant San Onofre A30 11:09PM

Site Outage Friday A30 3:49PM

Change Links August 2018 A14 1:56AM

Setback for Developer of SC Farm Land A12 11:09PM

More problems at Shutdown San Onofre Nuke J29 10:40PM

Change Links 2018 July posted J09 8:27PM

More Pix: "Families Belong Together," Pasadena J02 7:16PM

"Families Belong Together" March, Pasadena J02 7:08PM

Short Report on the Families Belong Together Protest in Los Angeles J30 11:26PM

Summer 2018 National Immigrant Solidarity Network News Alert! J11 6:58AM

More Local News...

Other/Breaking News



Chemtrails and Prince J20 2:43PM

Wages For Housework J20 2:41PM

Tutelle comportementaliste J20 9:18AM

A Mistake: Jesse Jackson-Toyota deal-in Lexington -Ky is .8 billion over 10 years 2018 J20 1:17AM

If Trump Declares a AantionalEmergency, He'll Be Breaking the Law J20 12:47AM

Jesse Jackson's Sneak Attck on Toyota Lexington Ky and it's workers 2018 J19 9:12PM

Video: Chris Herdges in Eugene, 1 hr 24 min J19 5:37PM



Judge Delays Ruling on Puerto Rico Debt Deal White House Opposes Island's Food Assistance J18 6:04PM



Paraphysique de proxémie guerrière J18 7:59AM


FARCELONA 8.17.2017 J17 3:23PM



PR Debt Cancel, Judge Reviews Cofina Debt J16 9:04PM

Réseautage, fragmentation du capital J16 4:20PM

Paraphysique de manipulation mentale et sociale J15 9:51AM

The Global Justice Project and Human Survival: We're Badly Off Track J15 5:08AM

The Global Justice Project and Human Survival: We're Badly Off Track J15 5:08AM

The Global Justice Project and Human Survival: We're Badly Off Track J15 5:08AM

Markets as a Fetish, Globalization, and Dissent Management J14 1:03PM

State Debts - The Primal German Fear J13 5:09PM

Sans liberté, sans égalité, sans fraternité J13 8:09AM

More Breaking News...
© 2000-2018 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy