PeakOil37

1 Comment

ON: Thu May 22nd 11:02 AM
Commented on:
The Oil Shortage, and Other Fairy Tales

The idea that the media and central gov't would lie to the constituency is nothing new. But the article fails to point out simple market tendencies. That being markets trade on FUTURE predictions not the present. There may or may not be shortage now but the longer term oil futures contracts out to 2016 are gaining 10 points in spurts. Peak Oil is not hype, there has not been a production increase in 3 years. There are no oil fields of any size found in many many years. You have 2 thousand dollar cars being built in India for peasants to drive. Demand is going up, and supply simply will not keep up.

Markets will react, over react, and correct huge but the uptrend for oil prices will not reverse. The dollar is in the final stages of its decline and the nation is 10 of trillions of dollars in debt without any manufacturing base and corrupt financial system, being governed by lawyers who have zero idea of fundamentals or science.

In other words you had better start learning to provide more for yourselves. This experiment of a HUGE central gov't providing all and taxing the base has been tried before, and it has always failed. Anyone that advocates this gov't for anything at all is either a fool or a liar.

Good Day
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