posted on Dec, 19 2008 @ 05:30 PM
Originally posted by Dulcimer
Remember when oil was running up everyday and it seemed like there was no end in sight? Remember when people were complaining about gas at the pumps,
choosing gas or food?
Why aren't they talking about it now? It is more of a farce now than ever.
Do you now realize how much you were gouged? Do you realize what has happened? The commodity market bent you over and you took it. You will take it
again.
Now is the time people need to stand up.
Grain
Oil
Gold
Silver
Etc
It is all a farce and there is no fair price. Why are we not talking about it now?
Production of oil in the United States peaked in the early 70's.
Hubbert's Peak theory & evidence to support it
This is a solid fact.
It has started peaking all over the world, and this is also a fact.
Once the recent bubble burst construction projects all over the world
were put on hold except for a few very wealthy spots.
New construction in the US and Europe fell greatly.
Per the Dept. of Energy and T. Boone Pickens per both of
their websites world oil production peaked around May of 2005.
With the reduction in purchasing came a reduction in shipping
of goods, and the economy of the world did stall partially due to
the high fuel costs.
We know how to grow our own oil from algae, but we will not do it.
Vertical Hydroponics of ancient diatoms that are 50% oil by weight
for 100,000 gal of oil per acre per year in the desert.
Algae oil - Valcent Technologies
So we can stay slaves to the oil companies or we can get behind this
idea and make it happen.
Here is what is happening, and what is coming down the pike:
Crude Awakening - The Oil
Crash
My money is on apathy as usual.