Peak Oil and Economic Contraction

[njparkin@hotmail.com]

Both the global supply of oil and the level of supportable outstanding credit have arguably peaked. The next twenty years are unlikely to resemble anything that we have seen in the last seventy.


Peak Oil and Economic Contraction

[Mad Scientist]

The problem with peak oil or the running out of fossil fuels is that they a myth! We have been told that we were reaching peck oil production since the early 1900’s, and then when the price of the fuel rose to "reflect its scarcity", magically more oil was found.

The Russians are producing oil from supper deep wells (40,000 feet) was this oil formed by decaying plants and old dinosaur squeezings? If so how did they get that deep underground?

It is reported that up in Alaska’s North Slope we have more “known” reserves of oil the Middle East does. If that is not enough then there is the northern US and southern Canada fields that have an equal or greater amount then Alaska. We have more oil and natural gas then we know what to do with. But obviously we are not using it. Why not? Simple follow the money.

Our worthless fiat money system is base on debit. We need people to buy our debit for the system to continue to function. Thus a deal was made with the mid-eastern countries where we would limit our oil production and buy their oil if they in turn would buy our debit.

But this scam only works so long as those who buy our debit do not realize that the intrinsic value of the dollars they get when they sell it are worth less the dollars then the dollars that it took to buy it.

So when some two-bit dictator wakes up and realizes that he is being scammed and decides to sell his oil for gold instead of dollars, think Iraq, Libya, said dictator needs to be removed. Now of course this is always done for humanitarian reasons and to free to the people from an evil ruler.