It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
(visit the link for the full news article)
Rising energy costs are inflation. You cannot have one without the other. Energy, and energy-related material, is the lifeblood of modern industrial life. When the cost of energy (including oil, natural gas, electricity, and the products made with petroleum, such as plastic) goes up, the cost of everything goes up. This is inflation. When energy is depleted, while the use and demand for energy continues to increase, the price of energy skyrockets. Inflation, again.
It is a fact that the world is in the early stages of Peak Oil and Gas---permanent shortage, and permanent depletion. The world oil peak occurred in November 2005, according to renowned scientists, geologists and industry experts.
It is therefore a fact, with permanent shortage with high, rising and insatiable world energy demand, that rising inflation is not only a problem now, but also a permanent condition.
posted by polanksi
Peak Oil and Inflation
Energy costs are rising . . energy and energy-related material is the lifeblood of industrial life. When the cost of energy (including oil, natural gas, electricity, and the products made with petroleum such as plastic) goes up, the cost of everything goes up. This is inflation.
It is a fact that the world is in the early stages of Peak Oil and Gas - permanent shortage and permanent depletion. The world oil peak occurred in November 2005, according to scientists, geologists and industry experts. [Edited by Don W]
posted by BattleofBatoche
There are trillions upon trillions cubic feet of untapped natural gas reserves in Canada & Russia. Natural gas is so abundant that it is difficult to keep it's price from crashing as a commodity. 2 years ago there were 800 drilling rigs in Alberta alone. Most were chasing natural gas. Most of those drilling rigs are now being stacked . . Up here there is a home mortgage foreclosure every 24 hours because there is no work for all those people. Now there is no work and the roughnecks are loosing their shirts.
THIS IS NOT FROM an OIL & NATURAL GAS PEAK but from TOO MUCH stockpiled RESERVES and falling prices.
Gasoline prices at the pump are skyrocketing from lack of refinery capacity . . Hurricane Katrina & a Fire in Ontario have wiped out refineries. Strict environment controls have prevented anyone from building anymore refineries. In Sask. Provincial Govt. lost it's shirt trying to build a refinery and sustained an incredible loss to tax payers.
Oil peak is a fear tactic and a flat out bald lie. We are swimming in the stuff. It's time to shoot the members of the CFR, the RIA, Bilderbergs and the Tavistock institute from all this BS everyone is bombarded with by the corporate owned media. [Edited by Don W]
Originally posted by donwhite
I think PEAK OIL is a valid theory, but that with so many variable it is impossible to say when that will happen and I certainly agree it did not happen in 2005. Peak Oil being defined as that point in time when consummation exceeds -maximum possible- production.
[edit on 5/21/2007 by donwhite]
posted by marg6043
posted by donwhite: I think PEAK OIL is a valid theory, but it is impossible to say when that will happen . . I agree it did not happen in 2005. Peak Oil being defined as that point in time when consummation exceeds -maximum possible- production.
Don’t you think donwhite this peak oil theory has been exploited for the sole purpose of the oil industry to make the record profits that they are reaping since the present administration has been in power? [Edited by Don W]
Also keeping the agenda of increasing consummation vs no enough production is nothing more than control of markets. Then I think who is at fault?
I think also where our own resources been reaped here in America are going? Why not for the consumption of the people of this nation. I figure that no matter how we may slice it is nothing more than control for profits. What do you think.
posted by polanksi
My point was that inflation is really higher than usually noted, because they leave out gas and the ripple effect of high energy prices. It seems very acceptable for the media and gov't to play down the real inflation figure. They continue to blame wages for inflation when in fact everything we need to live is going up in price. The worker is once again the victim. [Edited by Don W]