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What Is the US Strategic Oil Reserves?

Offbeat  (tags: on the edge, max keiser, world, society, finances, oil, peak credit, peak gdp )

- 2866 days ago -
While politicians keep blaming the speculators there is one issue nobody wants to address and that is: Cheap oil is basically over. Also coming up: A tiny fraction of the world has accumalated all the wealth and now is in the next stage, and that is


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. (0)
Saturday June 18, 2011, 4:25 am
I always liked Max, but htis is really a MUST SEE! It addresses so many topics that are important to humanity as a whole, and I am sure you will not hear this on your evening news.

Parsifal S (99)
Saturday June 18, 2011, 5:25 am

Wortst thing of all Judith - US Penta Gram is waring for safeguard crude oil among geo-strategic plans like encircling Russia and China for Full Spectrum Dominance.

Now, when it comes to fussil fuel - this is a hoax, like War on terrorists, War on global warming or War on cybercrimes.

Mother Earth's blood is of oil. And she has to overproduce to remain a living planet.
Peak oil - as such is an invention of the very rich and they play these cards like mad - to keep up insane oil prices.
Have you ever wondered, why these oil corporations discover one oil field after the other?

Confessions of an ex Peak Oil Believer
By F William Engdahl
The good news is that panic scenarios about the world running out of oil anytime soon are wrong. The bad news is that the price of oil is going to continue to rise. Peak Oil is not our problem. Politics is. Big Oil wants to sustain high oil prices. Dick Cheney and friends are all too willing to assist.

On a personal note, Ive researched questions of petroleum, since the first oil shocks of the 1970s. I was intrigued in 2003 with something called Peak Oil theory. It seemed to explain the otherwise inexplicable decision by Washington to risk all in a military move on Iraq.

Peak Oil advocates, led by former BP geologist Colin Campbell, and Texas banker Matt Simmons, argued that the world faced a new crisis, an end to cheap oil, or Absolute Peak Oil, perhaps by 2012, perhaps by 2007. Oil was supposedly on its last drops. They pointed to our soaring gasoline and oil prices, to the declines in output of North Sea and Alaska and other fields as proof they were right.

According to Campbell, the fact that no new North Sea-size fields had been discovered since the North Sea in the late 1960s was proof. He reportedly managed to convince the International Energy Agency and the Swedish government. That, however, does not prove him correct.

Intellectual fossils?
The Peak Oil school rests its theory on conventional... More by clicking:

So all these ME wars, peaceful revolutions, done by CIA and their useful idiots are based on a big lie...


Amena Andersson (187)
Saturday June 18, 2011, 1:38 pm
Whew! What an era we are moving into. Hang onto your hats. And, start planning for a difficult future. Alternatives must rule. Thanks, Judith.

Henriette Matthijssen (154)
Sunday June 19, 2011, 1:00 am
As long as the evils remain in control with power & wealth expect everything that we have now to be diminished even more & prices to sky-rock! We will loose until we have nothing left or we wake up to this catastrophic & make changes to STOP this. Thanks Judith.
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