the spin just doesn't stop...
"Australia is experiencing the biggest oil shock in thirty years." I heard a TV announcer say last night.
Makes it sound almost benign. Certainly only cause for moderate and short-term worry, right?
Wrong.
The idiot forgot to mention that its global, not merely Australian.
The idiot forgot to point out that thiry years ago the "oil shock" was a mere hiccup as the world adjusted to the fact that the US's territorial oil supply had peaked and that from that point onwards, the US would need to obtain ever-increasing amounts of oil from other countries by either begging, borrowing, or stealing.
The idiot forgot to mention that what's happening now is not so much an "oil shock" as it is "the end of oil".
In the last twelve months the price of crude has DOUBLED. When you view a graph of the the price of crude over the last ten years, you see a graph that indicates clearly, to all but an idiot, that the rate of price increase has already gone exponential. And all the logical indicators are that the graph will get steeper and steeper.
What does this mean? Well, rather than repeat myself, I'll refer you to stuff I said two years ago >>>
Makes it sound almost benign. Certainly only cause for moderate and short-term worry, right?
Wrong.
The idiot forgot to mention that its global, not merely Australian.
The idiot forgot to point out that thiry years ago the "oil shock" was a mere hiccup as the world adjusted to the fact that the US's territorial oil supply had peaked and that from that point onwards, the US would need to obtain ever-increasing amounts of oil from other countries by either begging, borrowing, or stealing.
The idiot forgot to mention that what's happening now is not so much an "oil shock" as it is "the end of oil".
In the last twelve months the price of crude has DOUBLED. When you view a graph of the the price of crude over the last ten years, you see a graph that indicates clearly, to all but an idiot, that the rate of price increase has already gone exponential. And all the logical indicators are that the graph will get steeper and steeper.
What does this mean? Well, rather than repeat myself, I'll refer you to stuff I said two years ago >>>
posted by The Editor at
7:32 AM
6 Comments:
Gerry, I never, in all the millions of words I have spewed about the way we are sending our selves to hell one barrel at a time, put those two facts together: The 73 war in Israel was so obviously the cause of OPEC cutting our oil off...and that was so obviously why gas got expensive. All the news shows said so. But the real reason we succumbed to OPEC disruption was that we had used up our own supply. Nasty coincidence that. I took the lesson that Americans had to not depend on oil to heart...back then. That choice has given me freedom , saved me money and earned me bragging rights. But I didn't really get the full import of that affair until you just pointed it out.
GS, according to good ol' Merican Business Principles (sic), supply and demand must be allowed to find their own level, right? So I don't understand why America has a problem with OPEC charging whatever it wants. Don't you guys like a free market?
If I sat on stuff which was selling for one buck today, but I was reasonably sure it would sell for two bucks next year, I'd only be pulling out of the ground the absolute minimum I needed to get by, so as to maximise my future profits.
It IS about profits, isn't it?
Or is it only about profits when the Yanks are profiting?
Next, America will be spruiking socialist rhetoric and suggesting that they receive oil welfare handouts from the oil rich states, eh? Sorta like "take from the rich and give to the poor", the classic socialist ideal. There's hope for America yet...
I almost feel sorry for Americans.
Almost.
Pity you're American, GS, 'cos I like you. ;-)
To explain (excuse?) my blatant anti-American stance: The more I find out about how much the US has meddled in the affairs of other nations in order to further its own agenda, generally to the detriment of any concepts of true democracy and freedom, the more disgusted I am with the place. And given the amount of noise they make about "freedom and democracy", I must hold the American people accountable for the conduct of their governments. You can't vote a mob into power and not take responsibility for what they get up to. That's bullshit !!!
And let's not forget that very American invention, The Corporation. The Corporations have now infected almost every nation on earth with their predatory pillage, and thanks to the IMF, the World Bank, and the WTO, The Corporations now write the policies, laws, and constitutions of those nations.
Where is the freedom? Where is the democracy? It's all a sham - as it has been for at least 100 years - wherever the US has been able to exert it's self-centered, exploitative influence.
My message to America is still "YANKEE GO HOME !!!"
Sorry, GS, but that's how it is for me.
Grrrrrrrrrrrrr...
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Hi lemmiwinks. Don't get me going about the Yanks, Iraq, oil, the IMF, the WTO or the World bank. Don't mention FTAs, capitalism, or globalcorp.
"And whatever you do, don't mention the war..."
Sorry about your broken hip. Hopefully it will mend soon. Thanks for that link, my partner is a serious vegetable gardener, She will look at it. I just provide the odd bit of muscle, do the dishes, the laundry, and the odd bit of vacuuming - but gardening is her thing, not mine.
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