peak petrol price

PEAK PETROL PRICE

I apologize in advance as I understand few of you want to talk about oil, especially Peak Oil, but I don't feel like I can ignore this, as important as it is. You are all gung-ho enough when it comes time to bomb Iran ( “nuke them all, take their oil” “Sand Negroes, how dare you defy 'Murika!” ), but you don't want to hear about the reasons oil has made her a target of our ire. I'll repeat, in case you are coming off of a heavy weekend of hookers and blow, we drew first blood over there.

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During WWII, as FDR was busy wearing out his kneepads genuflecting at Stalin's feet, gobbling his communist goo, Iran was jointly occupied by us and the Soviets. A lot of Lend-Lease was moved through there, giving Russia a de facto warm water port, and evidently it was easier to steal Iranian oil than ship any over to her, or to increase production in the Soviet Union ( many Iranians died that winter from lack of heating fuel-New England , Montana or similarly located minions please note ). To my mind, this was even more evil than installing the Shah.

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The US has been screwing with Iran for over seventy years. If I was an Iranian, I would be far from pleased. Now, as a patriotic American, I waste plenty of oil, even if not as much as you Happy Motoring psychos, and I'm all for occupying the entire world and draining every last drop and hog it all to ourselves. Food First, bitches, and oil is food nowadays. Alas, it is no longer realistic to think we can continue down this road of nuking them all and taking their Dino Juice. Ask anyone, President Carter is the Scum Of The Universe, and they will give you 101 reasons why this is so.

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But his only real sin in the eyes of the public was suggesting we had to live within our means and cut back on our oil use. Obammy could have molested a hamster with Michelle's dingus, on live TV, and his approval rating would have stayed higher than Carter's. Just as I am hated, cursed to God, vilified, ostracized, shunned, and roundly ignored when I do the same ( preach the end of oil, not molest small pets ). Luckily for me, I'm not way ahead of the curve like The Other Jimmy was, and I have Global Peak as well as his Domestic Peak backing up my reasoning.

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Oh, you still all ignore it, I know that. You remind me every day. “Fracking Forever, F**ker, 'Murica! Capitalism!” I get more support for publishing an article for the Disaster Dan's than Survivalist Sam's. Yeah, we want Jim to publish freeze dried, FLIR and MRE articles, like all the rest! Anyway, enough about my greatness. Time to talk about how oil, a continuing problem that won't go away, is once again causing stupidity to “solve” the problem.

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Seemingly, America needs to go to war. Not to steal the oil, because that ain't happening ( pissed off Iraqi's with AK's are all you need to keep the oil below the ground. All the trillions we spend over there? Not helping much. Soviet stockpiles of Albanian Liberator Weapons are to this day foiling the invading American Capitalists, even if in unexpected ways ). To jack UP the price of oil. And, yes, I understand this seemingly makes no sense. The 70's oil shocks with OPEC was supposed to have seen both sides agreeing that a compromise was necessary, enough profit for the exporters but at a low enough price for importers to keep a functioning economy.

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When Europe and the US manufacturing sector was the economy, this excuse made sense. Without free to dirt cheap inputs, capitalism breaks down ( remember, that interest has to be paid with real growth. Inputs costs decreasing increase consumption ). And at the time, America didn't REALLY want too cheap of prices herself. We still had a good bit of control over the global oil market ( long since vanished ). Blaming OPEC, we still could enrich our elite at the expense of dismantling our industry.

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North Sea, Alaskan and Gulf Of Mexico oil just gave us cheap-ER oil, in abundance, but enough profit was now being realized the energy sector was no longer a pure commodity play like it was when we needed it to fuel our factories and military ( we lost Vietnam, period. And we could never reclaim our past glory because oil was declining overall. Remember, your friendly neighborhood central banker want his vig. That requires GROWTH, which needs more energy ). I believe that the '79 oil shock was to our elites benefit, the last body blow to kill off the industrialists and turn over the entire economy to the bankers ( who naturally profited before, during and after the crises ).

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So, really, it wasn't that our economy needed cheap enough oil, it was that the bankers needed to control that price, high or low. Siberian oil was great for killing off Mom & Pop stores, turning everything into Super Centers with corporate loans, piping in broadband Internet nationally to robotize jobs and bubble up the stock market with the Tech Wreck. Even low oil prices were weaponized against us. The Iraqi war was all about the PetroDollar dominance, Iraqi oil be damned ( if Rumsfeld was telling you the oil was paying for the invasion, since he always lied we should have known that was misdirection ).

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What was the direct result of the $140 oil price in June of 2008? I do believe Global Peak Conventional Oil pushed it in that direction, but I think that large of a price spike had some artificial help. The price pushed us into the Greater Depression. Weaponized. Yes, the bankers actually did kill the economy with the derivatives bets gone bad, but then they caused the crash that made it profitable for those at the top of the economic pyramid.

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The crash was already coming. You could guarantee it by 2007. It wasn't like the Derivatives genie was going back in the bottle. I think the top bankers just used the inevitable to make a few more dozens of millions per person. It's only digital illusions of wealth, right? It wasn't like the Boomer generation NEEDED a house to live in. Plenty of rentals for that. Well, I think we are seeing a repeat of this profit taking right now. The bankers knew the US Dollar was toast from the death of the PetroDollar long before you did. Long before I sensed any End Game. They've been planning.

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They have made profits leading up to the crash, they are profiting now as it unfolds. Will they profit afterwards, or will that be it for American Empire, the last straw on the camels back economically and we disintegrate? I don't know, obviously. It does seem to me that the fracking industry is being bailed out in desperation, no longer by liquidity ( as we are months in on that crises ), but by a Hail Mary pass of jacking up prices to the moon to keep it going a bit longer. Or, that could be rigged and be a deliberate tactic to move oil control elsewhere for the bankers benefit. Continued tomorrow.

( .Y. )

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