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Page added on January 30, 2017
BP Forecasts 50-Year Oil Glut
Oil markets mostly ignored the glum forecast from BP that the world is facing a long-term oil glut that won’t disappear for 50 years. Now that is a forecast and as we have seen in the past year, forecasts and commodities do not always make an accurate fit.
Figures from Baker Hughes on Friday revealed that the number of active U.S. rigs drilling for oil rose by 15 to 566 rigs this week. The total active US rig count, which includes oil and natural-gas rigs, also rose by 18 to 712, according to Baker Hughes.
March West Texas Intermediate crude slid 61 cents, or 1.1%, to settle at $53.17 a barrel in New York. It settled at $US53.78 on Thursday, the highest finish since January 6, according to FactSet data. For the week, the March contract was down less than 0.1% from the $US53.22 it settled at on January 20 but it was about 1.4% higher than the settlement for last Friday’s front-month February contract.
In London, March Brent crude lost 72 cents, or 1.3% to $US55.52 a barrel. The contract settled slightly lower at $US55.49 a week ago.
There is still the belief that OPEC’s cuts and those of major non-OPEC producers such as Russia, will help put a cushion under prices – regardless of whether the higher prices bring a surge in production, especially in the US – where the rise in rig use suggests that there will be a jump in output from the June quarter onwards.
In fact US oil rig use has risen by 44 or 8.4% in the past two weeks, the biggest rise for a fortnightly period for several years.
BP’s assessment that oil companies should brace for prolonged pressure from low prices is something that should be taken seriously, especially as renewables make a growing impact on demand and supply. Longterm, which is past the middle of 2017, prices will remain under downward pressure, and they still have a long way to go regain the $US114 a barrel level they were in mid 2014 when the slide started.
BP revised down its forecast for total energy demand into 2035 by almost 1% relative to last year, primarily due to a revision of China’s coal demand due to slower growth prospects. That has helped boost coal prices to their highest levels since 2011, but they ave fallen 40% in the past six weeks.
BP said renewable sources of energy such as wind and solar power are expected to quadruple, with non-fossil fuels providing half of the increase in energy consumption.
Gas, which is seen as a less polluting fossil fuel in the transition to cleaner energy, will see consumption grow faster than oil and coal at an annual rate of 1.6%, while oil will rise at just 0.7% a year. Renewables will grow at nearly 8% a year.
BP pointed out in its latest energy market outlook that there was twice as much technically recoverable oil available as the world is expected to need between now and 2050, making it likely that some oil reserves will never be extracted. So much for the phoney story of ‘peak oil’.
BP says the surplus should spur increasing competition between companies and producer nations to ensure their assets were not left “stranded” as demand gradually shifts from oil to cleaner forms of energy.
The result of this growing competition (price cutting)is likely to be “quite significant pressures to dampen long-run prices”, according to Spencer Dale, BP’s chief economist.
Mr Dale declined to provide detailed predictions on pricing. But his forecast raised doubts about the ability of producer nations to maintain market discipline in the long term and suggested that the $100-per-barrel prices reached before the 2014 crash are unlikely to return.
“Many low-cost producers have rationed supply with a view that if they do not produce a barrel today they can produce a barrel tomorrow,” Mr Dale said.
“I think it is increasingly likely that there will be technically recoverable oil reserves which will never be extracted and if I was the owner of one of those companies which owned that oil I would have every incentive to make sure it wasn’t mine [left in the ground].”
BP says pricing pressure is likely to come from the supply side, because of strong growth in US shale oil output, and the demand side as the rise of renewable energy, including electric vehicles, gradually slows growth in oil consumption.
Mr Dale said that higher-cost producer nations would face a battle to remain competitive against low-cost regions such as the US, Russia and the Middle East.
BP said that plentiful supply would help keep fossil fuels the dominant source of energy powering the world economy for decades to come, with oil, gas and coal projected to account for 75% of energy supply in 2035, down from 86% in 2015.
Non-fossil fuels are expected to account for half the projected 30% growth in energy demand over the next 20 years. Renewable energy was forecast to grow at an average annual rate of 7.6% to 2035, compared with just 0.7% for oil.
This was 1 percentage point higher than BP projected in last year’s outlook. Mr Dale said that a faster-than-expected shift from coal to wind and solar power in China had accounted for much of the increase. BP also raised its projection for the number of electric vehicles on the road from 1million today to 100 million in 2035, compared with a forecast of 70 million in last year’s outlook. However, this would still amount to only about 5% of the global car fleet.
Mr Dale cast doubt on the claim that said battery-powered cars would be be a “game changer” for energy markets. He said the doubt is because they would be offset by continued expansion in petrol-fuelled vehicles in emerging markets. “It is not Tesla drivers in the US, it is the 2 billion people in Asia who are moving into middle income and buying their first car that is driving oil demand,” he said.
BP’s projections suggest that oil demand is likely to peak around the mid-2040s but Mr Dale admitted that decline could come sooner if alternative technology advanced more quickly than expected.
56 Comments on "BP Forecasts 50-Year Oil Glut"
Midnight Oil on Mon, 30th Jan 2017 1:50 pm
BP…I was very impressed on their decision making ability after watching the film “Deep Water Horizon”…. I wouldn’t be surprised the character that John Malkovich played, Donald Vidrine, was head of this report.
onlooker on Mon, 30th Jan 2017 1:52 pm
What about a permanent oil glut as civilization withers and cannot afford to access this energetically/economically expensive and logistically difficult to access oil
Anonymous on Mon, 30th Jan 2017 1:55 pm
And in a related story, plantatard predicts 50 year King Salmon Glut.
Cloggie on Mon, 30th Jan 2017 1:55 pm
Have been posting repeatedly the DailyMail link to 3-26 trillion ton of coal beneath the North Sea.
http://www.dailymail.co.uk/news/article-2593032/Coal-fuel-UK-centuries-Vast-deposits-totalling-23trillion-tonnes-North-Sea.html
Now I found a much older link reporting of the presence of 3 trillion ton of coal for the coast of Norway:
http://www.resilience.org/stories/2005-12-28/3000-billion-tons-coal-norways-coastline/
You can safely assume that these reserves are dispersed all over the planet, making a mockery of the idea that we will ever run out of fossil fuel. We would probably run much faster out of atmosphere to burn it all.
RIP Peak Oil.
Nice meeting you, it was fun and exciting as long as it lasted. Loved the Olduvai Gorge horror scenario, I really did.
Next.
BobInget on Mon, 30th Jan 2017 2:09 pm
It appears BP is not given much weight to climate, political or Agriculture concerns or, should we say…. realities.
The ME could be too hot for humans.
Feeding Nine or ten billion populations, problematical.
Religious strife, nuclear wars even more likely.
When Climate scientists make predictions 50 years out, most people’s eyes gloss over.
In point of fact making accurate predictions of oil prices for the remainder of 2017 would be amazing. Half century long predictions are a safe bet. How many here will still be around ?
Did BP properly factor shale depletion, both gas and oil ? New as yet unproven energy resources ?
There are 25 million refugees bouncing around Europe, Africa, the ME, even Australia.
Needless to say these folks aren’t contributing to growth of any sort. Still, they need to be fed, relocated. That’s gonna take lots of energy.
If it’s not yet evident, the world is turning to the Right for (simple) solutions. In the mean time, BP and other miners, manufactures are gearing up with robotics which will make invaluable oil
even more so— to investors.
rockman on Mon, 30th Jan 2017 2:53 pm
And once more no can define a glut based on volume produced or consumed. The common thought seems to be that lower oil prices designate a “glut condition”. Of course I said “lower” oil prices…not “low” oil prices. After all the current price is still higher then the long term average.
So still waiting for a definitive numeric definition. IOW how much production decline will have to happen before the “glut” goes away? That seems like a simple question: how much oil will the world be producing for there to be no “glut”? Someone must have that number.
John on Mon, 30th Jan 2017 3:25 pm
Rockman- Do you have a guesstimate of maximum production at global peak oil?
Antius on Mon, 30th Jan 2017 3:38 pm
Clog, even in the early 2000’s people were not ignorant of the enormous low grade reserves of coal, kerogen and tar that dwarf conventional fossil fuel reserves. It was recognised quite early on that poor EROI and bottlenecks in supply chains would prevent the majority of this resource from reaching fuel tanks. This is happening right now with shale oil in the UK and much of the US outside of geological sweet spots.
I am perpetually amazed by how poorly oil industry experts appear to understand these sorts of problems. They write off ‘Peak Oil’ as a failed prediction of tge loony fringe, without apparently having a clue what it is and how it is going to happen.
aidan on Mon, 30th Jan 2017 4:14 pm
Errrr Cloggie….not sure how to put this, but before you quote any more media sources, please check them out;
The Daily Mail is brilliant if you are a Brit wanting to keep up with the Kardashians, but absolutely not a credible source for anything else.
pointer on Mon, 30th Jan 2017 4:21 pm
Who cares? Humans won’t be around by the time the glut subsides.
Plantagenet on Mon, 30th Jan 2017 4:28 pm
YES we’re in an oil glut now.
But it seems highly unlikely it will persist for another 50 years.
Cheers!
onlooker on Mon, 30th Jan 2017 4:31 pm
Yes, but is the Glut an indication of a healthy Economy or not? I vote no
Cloggie on Mon, 30th Jan 2017 4:37 pm
Clog, even in the early 2000’s people were not ignorant of the enormous low grade reserves of coal, kerogen and tar that dwarf conventional fossil fuel reserves. It was recognised quite early on that poor EROI
What does that mean… “low grade coal”? It might be meaningful within the context of the old school black-faced human miner. But if you apply UCG technologies and begin to burn the coal in a controlled fashion under ground and siphon off valuable resulting gases like CO, H2 and CH4, the old values of EROEI become rather meaningless.
The Daily Mail is brilliant if you are a Brit wanting to keep up with the Kardashians
The DM simply reported about research not done by them. Just Google “North Sea Britain coal trillion ton 2014” to verify.
shortonoil on Mon, 30th Jan 2017 4:49 pm
When sources like Wood Mackenzie can claim that there has been 8,296.4 Gb discovered since 1948, BP should certainly be able to claim 50 years of oversupply. In fact what they really meant was a permanent oversupply; which is correct. Which in fact has absolutely nothing to do with how many barrels are buried in the crust of the earth.
It is the last part that seems to get most people confused?
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/icbkDFACM4iA/v2/-1x-1.png
http://www.thehillsgroup.org/
GregT on Mon, 30th Jan 2017 5:10 pm
“YES we’re in an oil glut now.
But it seems highly unlikely it will persist for another 50 years.”
I certainly hope not. It would be really nice to see gasoline return back to what is was 12 years ago before the The Glut™ began. About half the price of what we’re paying here today.
Mark on Mon, 30th Jan 2017 5:17 pm
With this giant glut, how does BP plan to make a profit? 🙂
makati1 on Mon, 30th Jan 2017 6:34 pm
Cloggie, ” burn the coal in a controlled fashion under ground” LMAO
https://en.wikipedia.org/wiki/Centralia_mine_fire
Try to control burning coal underground and see a disaster happen. There in a coal mine burning under ground in my home state in the u$. Has been burning for over 50 years and cannot be controlled or put out. Poisonous gasses escape all over the area. Some areas are dangerous to be in. Yep, another desperate attempt to keep BAU, that will fail like all the others.
Hubert on Mon, 30th Jan 2017 7:33 pm
What fantasy world are these idiots living in?
dave thompson on Mon, 30th Jan 2017 7:36 pm
This goofy fantastical idea of an oil glut continues. A couple of articles ago we were talking about selling off the U$ strategic oil reserve. What the heck is really going on? Anyone’s guess.
makati1 on Mon, 30th Jan 2017 7:40 pm
Hubert, it certainly isn’t current day earth.
“… Mr Dale admitted that decline could come sooner if alternative technology advanced more quickly than expected.”
Another techie dream? Pass the joint!
penury on Mon, 30th Jan 2017 8:22 pm
The economies of the world are bankrupt
perhaps not the same as corporate or personal however, this will affect the social programs, military spending, and directly or indirectly the production, transportation and consumption of items. First to go will be imports which of course will lead to unemployment in the exporting countries and in a interconnected world this will be bad for all. In the U.S. the national debt is too high to ever pay, but every year the debt will need to increase, just to keep up with interest. The utilization of energy is about to drop off the charts, oil will be in a glut, but oil co will be going bankrupt. Or so it looks to me watching the fun.
makati1 on Mon, 30th Jan 2017 8:30 pm
Penury, well said. Watching the fun is about all we can do at this point. I no longer read the oily articles as they do not matter. Nothing there is real anyway. Lies, lies and more lies. Ditto for government pronouncements as ‘fact’. We live in a surreal world.
rockman on Mon, 30th Jan 2017 9:14 pm
John – “Rockman- Do you have a guesstimate of maximum production at global peak oil?” Just a very loose guess: not much more then we are seeing now. Part of current high rates are due to new discoveries and part due to excess production capacity brought on line to increase revenue.
Higher oil prices will bring more drilling which obviously will develop new production. But until that happens depletion will continue. And while a decreasing volume of reserves doesn’t necessarily mean a lower global production rate eventually those two curves will cross.
We know where all oil potential is to be found. We may not yet have a very good handle on how much might exist in some areas, like the Arctic. But we do have an idea about the potential of the vast majority of the petroleum provinces… such as the US shales. And if prices get high enough they’ll kick in again. But what new production they bring on won’t be a surprise to some like the first round proved to be.
But we’ve had a couple of painful lessons that not only do high prices bring on new production such prices are not sustainable. So we may have a few more bump ups in production down the road but I doubt we’ll see any upswings greater then what we are experiencing now. But as I said recently one will have to wait years or even decades to look back and confidently say we’ve seen peak global oil. One thing recent history has taught us: it’s not possible to prove GPO as it is happening.
rockman on Mon, 30th Jan 2017 9:25 pm
Mark – “With this giant glut, how does BP plan to make a profit?” As explained before with regards to being a profitable oil come neither the price of oil nor the volume discovered are factors. In fact, with regards to price, there a clear history of profit margins being lower on new reserves discovered during high priced periods.
It has never been what you sell oil/NG for. It has always been about what it cost you to develop them compared to the selling price. The most profitable NG drilling I’ve done in my 40+ years happened when it was selling for less than $1/MCF.
Truth Has A Liberal Bias on Mon, 30th Jan 2017 10:02 pm
Cloggie thinks coal at the bottom of the North Sea cancels out peak oil? Fuuuuuuuuuck! Is Cloggie a fucking retard or something?
joe on Mon, 30th Jan 2017 10:28 pm
When I see a headline, I always ask, what’s really going on. I see a Trump Shia Muslim ban and I say, why only 7, why that 7, why not all. Then I realised that these 7 countries have the last best untapped easy oil or are important hubs for transit for such resources. Now the US wants a UN Security council meeting about Iran. Trump is vowing to increase domestic supply of energy (keeping the lights on), there is a serious glut (caused by low global growth), now an effort to re marginalise and isolate the best non Saudi easy oil in the world. Hmm. Is there a pattern? Trump could do to China what Nixon did to Russia, ie flip their best ally. Through détente with Russia, China could be isolated and Iran left exposed to whatever games US/Saudi can devise. It will be each man for himself long before 2020.
makati1 on Mon, 30th Jan 2017 11:21 pm
Nice idea joe, but I do not expect to see a break between China and Russia. The bear and the dragon know how much the eagle can lie, cheat and steal. No trust there at all.
China holds the eagle by its balls and the eagle knows it. I am not sure Trump does though. I see great pain for the eagle before it loses all of its feathers and shrivels into a sparrow. Nuff said.
Davy on Tue, 31st Jan 2017 3:15 am
Russia will accommodate others in self-interest. It of course has no reason to break with China. Russia will likely not continue to develop the type of relationship that was forming in a neo-cold war environment of the last 12 years. They are likely going to drift into more bilateral interest with China that is mostly energy related economically. Politically China is a great counterweight to Europe and the US but also a card they will avoid getting too cozy with and risk alienation of the US. The US is on a collision course with China politically and economically so Russia will avoid getting sucked into that situation. That is a no win for Russia. Russia will be the real winner of a Sino American conflict if they play their cards right. Russia wants better ties with Europe because it is a European country first. They want to be on equal and productive footing with the US as two still powerful ex-superpowers. Ironically the US now needs good relations with Russia so they can focus on China who is their real adversary. Russia and the US have great possibilities if they could ever find a reason to work together.
A Russo-American détente was impossible with a neocon and neoliberal foreign policy. The neocons want hegemony and the neoliberals want a US democratically dominated world. Putin’s nationalism did not mesh with either. Both wanted to enhance US values but with US domination. Both power centers were Trojan horses of domination. The US has never been a beacon of freedom except for a short time around its revolution. It has been a nation that enforces its vision of freedom for its own interest. If that means nations wrecking that is the policy. Real freedom is altogether different. World opinion is clearly finished with this Pax Americana. It work for the cold war and a budding globalism but now that globalism is dying it has ended.
Trump may be different. The days of a China/Russian axis against the rouge US may be over because of Trump. If you notice I said “May”. Trumpism is yet to be defined. The US may or may not end its rogue status. If Trump does survive and change the US direction it will be more pragmatic geopolitically for nationalistic economic reasons. In the end nationalism is about the pursuit of national interest. One thing is certain nationalism is here to stay and it is now global. It started with Putin and Putin enhanced it by the Bric movement. The Bric movement is now dead but in its dying it succeeded in bringing down the US hegemony.
The problem with any deciphering of US intentions is the neocons and neoliberals are not gone. We just added a new force to the US mix complicating it further. It is likely the neocons, neoliberal, and trump’s neo-nationalism will adapt into a compromise. Obama was a neoliberal/neocon compromise that was a disaster but it worked for a time. I have no idea how a threesome will turn out. It is likely neo-nationalism is going to dominate. There is a real and powerful global popular backlash to a new world order globalism that the elites of the world were pushing in their wealth transfer self-interest.
All the above is why understanding the paradigm shift of decline is so important. Forces take on different potential in decline. Neo-nationalism will be a powerful force in decline that will disrupt and disable globalism. Global GDP will drop because no other system can match globalism for productivity. Productivity is not directly correlated to value. The reason globalism is losing popularity is it has hit diminishing returns and limits in wealth transfer. The elites forgot the little guys can be led by visionary leaders. Call Putin and Trump what you like but they are definitely visionary. You may discount and diminish Trump and in an intellectually lazy way call Trump a new Hitler but he is still visionary. In decline nations are going to seek out self-interest in a momentum of decline. At all levels people draw inward when they have to downsize. That does not mean cooperation is dispatched with and this is why we will see many more bilateral and multilateral arrangements and likely more conflicts.
The US Empire is dead with Trump. The neocons ate the poison pill in Iraq and the neoliberals under Obama took globalism too far along with central bank repression and easing. These are the budding times of a new turning. Combine this with an oil world in disruption and the advent of alternatives energy. I do not think an energy transition is possible but an energy transformation nonetheless is possible. These are times of great change with unpredictable outcomes and mostly negative because this is a time of decay and decline. It is a time of being forced to face catch 22 predicaments. It is a time of destructive change on all levels.
joe on Tue, 31st Jan 2017 7:22 am
Either the emerging allience of Russia/Opec will curb production enough to bring tight oil back to where it was or they will pump the last of the easy stuff and leave us with lots of sludge and expensive sludge at that. I which I would opt for now, since catastrophe in climate awaits us, probobly within many of our lives it seems now. The WTO should have a global tax on goods that rely on oil, or that are dirty, the tax should be high and pay for some kind of project to for a memorial after humans have destroyed their civilisation, like the heads of Easter Island so at least we are remembered maybe some time in the future. Some kind of dna related project that can preserve our passing, stored on a few planets around the solar system. Hope is a good thing. Either way with a planet of growing/aging population and increasing sect/racial/economic tension, there is not much hope for the world in its current format of acceptable hatred of the Christian Blue Eyed Devil and that devil not allowed to say anything back because hundreds of years ago his ignorant but clever fathers were unfortunately forced to be the first to develop advanced science and navigation due to his exclusion from the global economy by the brown skinned devil who kept all the spice trade to himself.
Cloggie on Tue, 31st Jan 2017 8:12 am
Very good post, Davy.
I would call Trump more of an American Mussolini rather than Hitler.
The reason globalism is losing popularity is it has hit diminishing returns and limits in wealth transfer.
That indeed as well, but at least as important is the loss of identity as a result of mass migration.
The US Empire is dead with Trump.
Yes, but Trump can die as well. But indeed, with every month Trump manages to hold out, the chances for a revival of the old order (NWO) will diminish.
Mark ziegler on Tue, 31st Jan 2017 8:23 am
So if you are 50 years old or older then you are safe.If you are just entering college now you will see the end of oil. That will give you time to prepare along with the survivalists.
Frank Dale on Tue, 31st Jan 2017 11:23 am
Are you saying that Peak Oil is dead?
That we, our children and our grandchildren will have as much oil as we have?
Well, that’s been said again and again.
Just don’t listen to those who claim that oil is running low.
Or other raw materials, for that matter.
Technology will achieve anything.
Sissyfuss on Tue, 31st Jan 2017 11:55 am
Clogometer, I say he is Nero to a tee. Vain, amoral, obsessed with his image and unaware of the damage his actions will effect. It was Nero himself who set the blaze that devoured Rome and it is your boy that continues to place kindling at the base of numerous institions. The conflagration will repeat itself 2000 years apart.
GregT on Tue, 31st Jan 2017 1:04 pm
“Yes, but Trump can die as well. But indeed, with every month Trump manages to hold out, the chances for a revival of the old order (NWO) will diminish.”
Until such time that Trump takes out the central banking cartel, the NWO will continue to go as planned. Political, societal, and economic disorder will help to usher in a one world system, not put an end to it.
Cloggie on Tue, 31st Jan 2017 1:33 pm
Clogometer, I say he is Nero to a tee. Vain, amoral, obsessed with his image and unaware of the damage his actions will effect. It was Nero himself who set the blaze that devoured Rome
Nero was emperor from 54-68. The best years of the Roman empire had yet to begin. There is not a chance in hell that the US has another 350 years until its ultimate downfall. It is more like 8 years max. or whenever you moral fags manage to destroy him and his presidency.
Why did this happen:
http://www.spiegel.de/wirtschaft/soziales/bild-1131514-1098575.html
Germany export surplus $295B
USA import surplus $495B
Harsh answer: racial suicide. The US is rapidly becoming a 3rd world country, like every country will become a 3rd world country who allowed the levels of immigration from the third world like the US did since 1965.
The only reason why all these countries keep shipping all that surplus to the US is because of the reserve currency status of the $. Once that is gone, it is game over for ever and everybody knows it.
White countries can expect to annually generate perhaps $40k value…
https://en.wikipedia.org/wiki/Finland
… black countries perhaps $3k value…
https://en.wikipedia.org/wiki/Kenya
…according to ability. America still pretends to be a white country and to have corresponding standards, but behind the facade it no longer is and never will be again (unless fly-over country secedes, which they will eventually).
So Siss, keep dreaming of your “moral” socialist racial-egalitarian society where other people will wipe your a**, or so you hope. And prepare yourself for $300/month socialist income.
Nero himself who set the blaze that devoured Rome
It is very uncertain who did that. The accusation that Nero did that is pure speculation.
http://www.deseretnews.com/article/865633080/This-week-in-history-Nero-didnt-fiddle-while-Rome-burned.html
Cloggie on Tue, 31st Jan 2017 1:37 pm
Until such time that Trump takes out the central banking cartel, the NWO will continue to go as planned. Political, societal, and economic disorder will help to usher in a one world system, not put an end to it.
Without the internet around I would have said that in order to torpedo the NWO it is at least as important to nationalize the media. Fortunately we DO have the internet. Trump did an awful lot already in his first week in office and has shown that for the first time we have a president who does what he announced. And who continuous to attack the media around the clock. Which US president ever did that?
Davy on Tue, 31st Jan 2017 2:24 pm
Clog, your sounding like you are from makatiland. Please, your international finance is rusty. There is a whole lot more going on than surplus good/deficit bad. You have some good thoughts so don’t show weakness by talkin intellectually lazy about complex issues.
GregT on Tue, 31st Jan 2017 2:48 pm
There is as much disinformation on the internet, as there is factual information cloggie. The NWO isn’t in the forefront, even on the internet, and the vast majority of the extremely small percentage who have ever even heard of it, still believe that it is some kind of crazy conspiracy theory.
Trump is a multi-billionaire. It would not be in his, or his family’s best interests to bring down our economies, and it certainly is not in anyone’s best interest to ignore climate change, or to divide the general population along right/left lines. Trump also continues to support the two largest means by which the deep state maintains control. The USD, and the MIC.
He is either a loose cannon, or more of the same. Either way, he hasn’t displayed any intentions of stopping the NWO, and everything that he has done so far, is helping to enable it.
Cloggie on Tue, 31st Jan 2017 3:17 pm
Either way, he hasn’t displayed any intentions of stopping the NWO, and everything that he has done so far, is helping to enable it.
We could not disagree more on that one.
GregT on Tue, 31st Jan 2017 3:18 pm
“Harsh answer: racial suicide. The US is rapidly becoming a 3rd world country, like every country will become a 3rd world country who allowed the levels of immigration from the third world like the US did since 1965.”
It was cheap energy, and exploitation of other peoples, that enabled the west to ascend into the first world cloggie. Both were always non-sustainable.
The first world was a one time, short lived, temporary phenomenon. Immigration and overpopulation are both the direct consequences of western industrialism. We are all going back to 3rd world standards of living together, and no amount of alternate electric power generation is going to change that reality. Adding racial intolerance and hatred into the mix, will only make matters worse, for all of us.
Cloggie on Tue, 31st Jan 2017 3:26 pm
Please, your international finance is rusty.
Finance, depressions or other economic parameters are secondary for the survival of a nation. That’s a very American (Anglo-Zionist rather) approach.
The open question is if there will be a “blood & soil” nation for the first time in American history. This standoff will be decisive.
Cloggie on Tue, 31st Jan 2017 3:27 pm
It was cheap energy, and exploitation of other peoples, that enabled the west to ascend into the first world cloggie. Both were always non-sustainable
I disagree:
https://www.youtube.com/watch?v=ZEfX40fP0GA
There was no oil in the 17th century, yet much more glory than today.
Davy on Tue, 31st Jan 2017 3:27 pm
I am with you cloggie. NWO is goin down and hard. This was a developement even before Trump. Putin started it and ithe NWO decline is also part of the collapse dynamic of a self destructing civilization.
GregT on Tue, 31st Jan 2017 3:38 pm
“This standoff will be decisive.”
The standoff will be destructive cloggie. If not segregation and intolerance along racial lines, human beings will always find some other way to discriminate against one other. Class, religious beliefs, dietary choices, gender, or the colour of one’s hair or eyes. Hatred and intolerance will not end with racism.
We either learn how to get along with each other, or we, as a species, will continue to destroy ourselves until there is nobody left to destroy. And cloggie, an FYI buddy, you and I are vastly outnumbered.
GregT on Tue, 31st Jan 2017 3:44 pm
The world is being controlled by the central banks. When the power to coin money is given back to the people, only then will the NWO be ‘going down’.
Cloggie on Tue, 31st Jan 2017 3:45 pm
NWO is goin down and hard. This was a developement even before Trump. Putin started it and ithe NWO decline is also part of the collapse dynamic of a self destructing civilization.
Exactly so. But there was somebody even before Putin who saw it all coming:
https://www.youtube.com/watch?v=3SNicJRcUqs
Cloggie on Tue, 31st Jan 2017 3:46 pm
And cloggie, an FYI buddy, you and I are vastly outnumbered.
Not if we get out act together.
https://s17.postimg.org/6wwnomfpb/worldmap.jpg
Apneaman on Tue, 31st Jan 2017 3:53 pm
Cloggie & Davy…..Cheeto bum buddies for life
Ahhhhhhhh you guys make such a cute couple.
Cloggie on Tue, 31st Jan 2017 3:58 pm
Did mum allow you to use the computer for half an hour or does your sofa have a headache?
makati1 on Tue, 31st Jan 2017 4:34 pm
Ap, all they can do is put down those who disagree. The world they knew is fast ending. Inability to change it just causes more denial in their minds. They want to believe that they live in a place that will be better than those “other” countries, like Asia. Western arrogance and stupidity, I think. LMAO