Pretty convenient for this gang, peak oil advocates, that we can't drill on American territories, don't you think? Seems odd that we have to control the Middle East with our military to keep the oil flowing and then we can't drill here.
Reminds me that most people believe that the American dollar is real wealth when we spend trillions defending oil on foreign soil and give dollars away to scumbags in the Middle East. Does that seem strange to you?
Just watch the price of oil in U.S dollars. As the dollar is given away to people who don't earn it or deserve the help more dollars chase oil. Prices go up. All our dollars end up somewhere we don't want them to go financing off-shoring jobs. A vicious cycle impoverishing the little guy.
Remember the oil spike in 2008? Turned a minor recession into a global collapse. Be awhile before the world economy recovers, don't you think?
Maybe never.
Age of Cheap Oil Is Over: IEA's Chief Economist
Reminds me that most people believe that the American dollar is real wealth when we spend trillions defending oil on foreign soil and give dollars away to scumbags in the Middle East. Does that seem strange to you?
Just watch the price of oil in U.S dollars. As the dollar is given away to people who don't earn it or deserve the help more dollars chase oil. Prices go up. All our dollars end up somewhere we don't want them to go financing off-shoring jobs. A vicious cycle impoverishing the little guy.
Remember the oil spike in 2008? Turned a minor recession into a global collapse. Be awhile before the world economy recovers, don't you think?
Maybe never.
Age of Cheap Oil Is Over: IEA's Chief Economist
Age of Cheap Oil Is Over: IEA's Chief Economist
Dec. 3, 2010
The age of cheap oil is over, International Energy Agency Chief Economist Fatih Birol tells MarketWatch's Steve Goldstein as he also discusses the extended U.S. deepwater drilling ban, the possible direction of oil prices and climate change reduction efforts.
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