Comments on: Peak Oil – The Rewards

By: Lawrence Baker

Lawrence Baker — Tue, 04 May 2010 17:55:42 +0000

SEC vs. Goldman- 21st Century age of Enlightenment or Tyranny? Will bankers and big oil lead humanity into an enlightened 21st. Century of green energy and humanitarianism or will this be the century of World Totalitarianism of the New World Order? We know that “morality” is a “no” word for bankers, big oil and investors alike; yet they are leading us into the New World Order with their heartless and coldblooded culture of greed by the few. World conquest by tyranny is not new and it certainly is not orderly; it is chaos. Hitler already tried World domination by tyranny in the last century. The nations of Greece, Latvia, and Iceland have already fallen into “order” and Spain, France, Germany, Portugal, Ireland, Italy, United Kingdom and the United States of America are scheduled to fall into “order”. The American people do not want to lose our Democracy, Independence and Freedom; yet this World totalitarian agenda emanates from the United States of America and is lead by the Bush/Obama Administration in our name. The World is looking at the American people as their last resort for salvation and praying that the American people will stand up to this evil force and do the right thing. By saving ourselves, we will also save them. We are the only ones who can change the direction of our own country with what freedoms we have left.
The SEC vs. Goldman is a test of strength between the American people and the World bankers, indeed, the New World Order. If the American people do not bring the bankers to Justice in our court system; the bankers will be free to dominate the World.
The injunctions will lead to the White House and the Bush/Obama Administration which is dominated by Trilateral World bankers. Zbigniew Brzezinski is the designer and architect of the bankers Trilateral Commission and the New World Order; he is also Obama’s top advisor. Geithner, Volker, Greenspan, Bernanke, Summers, Corrigan and Peterson are all of the same banking family of World bankers (America is their host) Goldman Sachs, Morgan Stanley, Bank of America, JPMorgan Chase, Wells Fargo Federal Reserve, IMF, World Bank, BIS, etc; their tentacles reach into every economy in the World. The World total economic output in 2009 was 58.07 Trillion and the total World bond market was 82.2 Trillion. The largest market in the World is the Derivatives market at 600 Trillion and is used primarily by the bankers as a weapon of mass destruction of economies to bring them in line with the New World Order. Their modus operande is the same for American citizens as it is for Nations.(pt.1)
The banker and oil dominated Trilateral Bush/Obama Administration has purposely driven the United States of America into debt under their expert banking management by the systematic pillaging of our Treasury. Our National debt interest is at 15% about the same as the United Kingdom according to Moody’s bond rating March 15. “the U.S. will be paying about 15 percent of revenue in interest payments, more than the 14 percent limit that would lead to a downgrade to AA, Moody’s said.”
http://www.bloomberg.com/apps/news?pid=20601068&sid=a0a8xAghPS8I
In the financial world, loosing your AAA bond rating changes the banking agreement substantially (as every home owner knows) that is when the fine print kicks in and the spiral to the bottom begins. Look at Greece, Latvia, Iceland and now the UK. Germany, France and Spain AAA credit ratings are in danger as reported in the U.K Telegraph on March 15 (referring to Moody’s) “The US rating agency said the US, the UK, Germany, France, and Spain are walking a tightrope-“
http://www.telegraph.co.uk/finance/economics/7450468/Moodys-fears-social-unrest-as-AAA-states-implement-austerity-plans.html
To control and accelerate that rush to the bottom of Nations, major banks are frontloading the odds of default of a Nation down on Wall Street in a computer so they can control and manipulate trades with high-frequency trading in derivatives. High-frequency trading is how Goldman Sacks (U.S.A) makes at least 200 million a day in derivatives on Wall Street and accounts for most of the 3.3 billion profit and 5.5 billion in bonuses last quarter. This one example of Goldman Sachs (U.S.A) operations is but the tip of the arrow head and the shaft is sure to follow. By flying the United States of America’s economy and government into the ground the New World Order of Trilateral Traitor bankers become winners. Now, who is the terrorist?
I hope Americans have empathy for the people of Greece and all the other people of Nations who face “Austerity measures” because their destiny will soon be our own fate. The bankers are brutal; the National financial burden is on the people with forced tax followed with the gutting of social services and privatization of National infrastructure and National Natural Resource for pennies on the dollar.
If you can empathize with these people I suggest that you take action and button-hole your representatives in Congress today and tell them to make a stand for the American People against this takeover of our government by Trilateral bankers and the New World Order. Demand that they insist that ALL of the subversive Trilateral members in government to STAND DOWN. Insist that Treason charges be served on all who conspired to overthrow our American Independence, Democracy and Freedom (there are only about 1,500 Traitors). Insist that Free Press, the watch-dog of Democracy, be restored by breaking up the monopolies in the mass Media.
Main Street Capitalism, Competitive Market, and Free Enterprise are America’s tried and true standard and our economy and government can recover from this treachery if we act now by getting back to our roots of industry, manufacturing and technology instead of being smothered by the Multinational Corporate Empire, by proxy, by our government. Our economy needs Fair Trade not (Free (sic) Trade and Free Enterprise and Competitive Market not controlled markets by the multinational corporate monopolies.

By: Nick

Nick — Thu, 29 Oct 2009 20:33:41 +0000

I have to say I think Stu is correct -much of what we do now wrt. ‘expensive oil’ (and also things like renewables) are actually subsidized by what is left of the cheaper-to-get-at stuff; e.g. Saudie Oil. Once these fields (e.g. Ghawar) go into serious irreversible decline we are stuffed.

By: Pete

Pete — Thu, 29 Oct 2009 18:47:53 +0000

The discouraging sentiment re: shale gas seems inconsistent with both the current natural gas inventory numbers and the natural gas production of the last 3 years.

The simple fact is that oil at $80 barrel roughly corresponds to gas at $12 MBTU (measuring with energy equivalence). Even discounting 50% for the difficulties of transportation, you are still talking about $9 MBTU for gas. There are going to be lots of shale plays that are shut in at the current prices of 4-5$ MBTU that will turn profitable if the price of gas doubles.

There are two other wild cards with natural gas – LNG build out and non US shale gas plays. A huge investment was made in LNG infrastructure over the last 4-5 years. This infrastructure has not yet fully come on line, but as it does over the next 1-2 years, the global capacity to ship gas that is otherwise stranded will increase dramatically.

The second wild card is shale gas outside of the continental US. The shale gas exploration of Canada and Europe is in it’s infancy – if the US is any guide, there will likely be significant gas production from these sources, especially if gas tracks into the 9 dollar range.

The final piece of the gas/oil equation is the current global oil usage scenario. Globally, there is still large opportunities for people to switch from oil to gas for heating and industrial purposes. Countries like Japan and Saudia Arabia use a fair bit of oil for electricity. If the price gap between oil and gas persists (or even grows) these countries will switch these uses from oil to gas, just as the US did in the 70s.

In short, gas supplies are globally abundant, and the global opportunity for gas-to-oil switching is large. This should plateau the price of oil for decades to come. Of course, who knows what will happen to the US dollar, but oil simply cannot trade at a price ratio of beyond 12:1 for any length of time, and shale gas will remain cheaper than deep sea oil.

By: Bernd1964

Bernd1964 — Thu, 29 Oct 2009 14:45:35 +0000

The legend of the graph showing the decline of the Catarell field is wrong, this graph is described as ‘the actual and the predicted global production of crude’ which is wrong.

By: Stu

Stu — Thu, 29 Oct 2009 00:36:08 +0000

What made oil such a magical energy source that enabled unbelievable rates of growth and increases in technology, population, and stand of living….was it’s ease to obtain…..it’s cheapness….and it’s easy to store and transport. Deep water oil is not easy to obtain……is not cheap…..and never will be……and required massive expensive infrastructure to get it from source……to refinery.

Someone has to pay for all that technology, exploration….and expensive transport systems…..offshore pipelines…….huge numbers of tankers etc.

In history……every time that oil usage costs 4 percent or more of gross demestic product……we 4 slip into recession. At the moment….at todays usage rates…..4 percent of GDP is contitutes about $80 per barrel.

There is no way our economies can survive the decline of conventional oil by replacing flows with deep sea sources…….tar sands and shale is even worse…..and no alternative come in under $80 per barrel…..at least not any that can be scaled up to fill an ever widening gap.

People scoff at the end of the world as we know it camp……pointing out that the world existed before oil…..so did civilisation…….yes it did……..with a world wide population of about 1.5 billion…….and many of them living in starvation from time to time…..much lower standards of living…..high mortality rates…….lower life expectancy……and much more hard physical work for much less reward.

If we could have had high population and stardards of living and high technology without oil……then why didn’t we…….and what makes you think we will have it after the demise of oil……..we wont…..its that simple