Looking at Somali piracy, isn't it possible to mess up the world system badly enough that there are no safe shipping lanes anywhere? By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
But there is no feeling that it's needed, as so very few ships fall prey to the pirates. The real cost of this piracy is reflected in the insurance premiums shipping companies must pay when they pass through these waters. The increase of the premiums is smaller than the cost of maintaining the current naval forces down there. Heard that one before? Yeah... Privatise the profits, socialise the costs. Peak oil is not an energy crisis. It is a liquid fuel crisis.
