. . BUSINESS: CORPORATIONS : INDUSTRIES: PETROLEUM INDUSTRY : ENVIRONMENT: How the Big Energy Companies Plan to Turn the United States into a Third-World Petro-State . . How the Big Energy Companies Plan to Turn the United States into a Third-World Petro-StateWill North America become not just the next boom continent for energy bonanzas, but a new energy Third World?
April 1, 2012 Alternethttp://www.alternet.org/story/154787/how_the_big_energy_companies_ plan_to_turn_the_united_states_into_a_third-world_petro-state_/
. A shorter URL for the above link: . http://tinyurl.com/ceaw9sy . .Once upon a time, the giant U.S. oil companies -- Chevron, Exxon, Mobil, and Texaco -- got their start in North America, launching an oil boom that lasted a century and made the U.S. the planets dominant energy producer. But most of those companies have long since turned elsewhere for new sources of oil.
.Eager to escape ever-stronger environmental restrictions and dying oil fields at home, the energy giants were naturally drawn to the economically and environmentally wide-open producing areas of the Middle East, Africa, and Latin America -- the Third World -- where oil deposits were plentiful, governments compliant, and environmental regulations few or nonexistent.
.Here, then, is the energy surprise of the twenty-first century: with operating conditions growing increasingly difficult in the global South, the major firms are now flocking back to North America. To exploit previously neglected reserves on this continent, however, Big Oil will have to overcome a host of regulatory and environmental obstacles. It will, in other words, have to use its version of deep-pocket persuasion to convert the United States into the functional equivalent of a Third World petro-state.
.Knowledgeable observers are already noting the first telltale signs of the oil industrys Third-Worldification of the United States. Wilderness areas from which the oil companies were once barred are being opened to energy exploitation and other restraints on invasive drilling operations are being dismantled. Expectations are that, in the wake of the 2012 election season, environmental regulations will be rolled back even further and other protected areas made available for development. In the process, as has so often been the case with Third World petro-states, the rights and wellbeing of local citizens will be trampled underfoot.
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