Re: The end of oil is closer than you think
So the end of oil is close?
Any day now?
We are all going to die if the Super Volcanoe does'nt get us first.
To all the Team Peakers and Ruppertarians...
Do you remember the claims of Ruppert? The Caspian Basin was a bust? Well, well, well...3 holes in the ground...
Caspian oil set for fast flow to the West
The Peakers have claimed that the Central Asian adventure - launched with the invasion of Afghanistan, but certainly not limited to Afghanistan - has largely been a bust. We have all heard the spin: the hoped-for reserves aren't there, what has been found can't be extracted economically, the grand plan simply didn't pan out, yadda, yadda, yadda.
Frankly, I find all of that a little hard to believe. After all, hasn't Central Asia been the subject of intense interest and study by geologists and the petroleum industry for the last century or so? You would think that the lords of oil were operating on more than just a hunch when they drafted this gameplan. And I couldn't help noticing that the United States has established a massive military presence in the area, and it looks very much like it was designed to be a permanent military presence. If the oil and gas aren't there, then what exactly is it that our troops are standing guard over?
As a shareholder I also know that of all the oil ever known to exist in the Texas and Oklahoma oil fields, only one-third has been removed from the ground, with the remaining two-thirds still in the ground. Why? Because it is cheaper to buy Saudi Arabian oil. When the world price of oil goes up, the oil industry will bring their Texas/Oklahoma oil out of the ground. So again, we do not need more oil in America. All we need is already here in capped oil wells.
Scam, scam, scam, scam, scam...and finally, scam.
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