firestarter wrote:It's an election year! That makes as much sense as so called fundamentals driving prices.
The_Virginian wrote:It would be wise for Bushco. cut the masses some slack...a little "Bread" with the circus....
MyOtherID wrote:The_Virginian wrote:It would be wise for Bushco. cut the masses some slack...a little "Bread" with the circus....
The Preznit knows that. Just watch the gas price miraculously come down around the Senate elections ...
The_Virginian wrote:If you read the Palast article in my first post, you would also note that making Iraq pump LESS oil was one of the supposed reasons for invasion...based on that argument, Oil futures are being run up by by a SYNTHETIC Scarcity...and "Peak Oil" is being USED as an excuse for the "intelligentsia" as to why Gasoline is so high. It is a "Selling Point"....
Peak Oil Will happen...but right now it is a SYNTHETIC PEAK, the USA is making war in the oilfields in order to dominate, both price, flow, and method of contract fufillment (petrodollar).
Barbara wrote:Peak Oil Will happen...but right now it is a SYNTHETIC PEAK, the USA is making war in the oilfields in order to dominate, both price, flow, and method of contract fufillment (petrodollar).
I may agree with you. But as you know, making a synthetic peak so close to a real one means we'll never be able to recover production to pre-(synthetic) peak levels.
In other words, synthetic or not, we've peaked.
Americans, as usual, have trouble to grasp the fact that the rest of the world exists.
OK, maybe USA has plenty of oil inventories. And so what? The rest of the world may be a different story. What about China? And India? Oil prices are decided in the world market, remember?
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