the Rise of the New Energy World Order

News Type: Opinion — Seeded on Tue Apr 15, 2008 4:06 PM EDT

Article Source: Common Dreams

Energy of all sorts was once hugely abundant, making possible the worldwide economic expansion of the past six decades. This expansion benefited the United States above all — along with its "First World" allies in Europe and the Pacific. Recently, however, a select group of former "Third World" countries — China and India in particular — have sought to participate in this energy bonanza by industrializing their economies and selling a wide range of goods to international markets. This, in turn, has led to an unprecedented spurt in global energy consumption — a 47% rise in the past 20 years alone, according to the U.S. Department of Energy (DoE).

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Until very recently, the mature industrial powers of Europe, Asia, and North America consumed the lion's share of energy and left the dregs for the developing world. As recently as 1990, the members of the Organization of Economic Cooperation and Development (OECD), the club of the world's richest nations, consumed approximately 57% of world energy; the Soviet Union/Warsaw Pact bloc, 14% percent; and only 29% was left to the developing world. But that ratio is changing: With strong economic growth in the developing countries, a greater proportion of the world's energy is being consumed by them. By 2010, the developing world's share of energy use is expected to reach 40% and, if current trends persist, 47% by 2030.

The times, they are achanging....

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#1 - Tue Apr 15, 2008 4:07 PM EDT

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the Rise of the New Energy World Order

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