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The hydrogen economy will make possible a vast redistribution of power, with far-reaching consequences for society. today's centralized, top-down flow of energy, controlled by global oil companies and utilities, could become obsolete.
-Jeremy Rifkin
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The Hydrogen Economy Will Make Possible A

Jeremy Rifkin
The hydrogen economy will make possible a vast redistribution of power, with far-reaching consequences for society. today's centralized, top-down flow of energy, controlled by global oil companies and utilities, could become obsolete.
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Top Down Oil Energy

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Oil is a tangible commodity, so there is a global market. the fact that we may need less may affect the global price because we're big consumers: we probably take about a quarter of global demand. but if suddenly, let's just use a crazy example, fighting in the middle east led to the closure of the strait of hormuz and no oil could get out through the strait of hormuz, well that would affect china, india, europe, it will affect the whole global economy. it will affect us, too, then.
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Controlled middle east oil, it would control the world. this oil represents 65 percent of world oil reserves. therefore, america believes if it squashed iraq, it would control the oil of the middle east and consequently hold the oil in its hands [and] fix its price the way it likes.
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