Thursday, March 8, 2007

Pipe Dreams: Iraq’s Energy CrunchIn 2003, then-Deputy Secretary of Defense Paul Wolfowitz said oil exports would rebuild Iraq “relatively soon.” But last year, Iraq missed its export goal by nearly 1/3 and spent only $2 billion on reconstruction, while the U.S. spent $5.4 billion. Baghdad gets an average of 4 hours 30 minutes of electricity a day. Estimated cost of boosting Iraq’s power capacity by 2010: $20 billion. Estimated cost of installing enough solar panels to power every home in Iraq: $6.6 billion.

SOURCE

Thanks to VulgarBoatman

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As Jim Hightower explains it, is that “the wealthiest 1 percent of Americans possess more net worth today than the bottom 90 percent of us combined. Worse, these privileged few and their political henchmen have structured a new economic ‘normal’ of long-term joblessness, low wages, no benefits or worker rights, miserly public services, and a steadily widening chasm between the rich and the rest of us.” We must restore sanity to this nation.