In the single largest jump of over $11 oil reached a record of over $139 before settling marginally lower. Silence from the deniers? Not really only more ridiculous theories on why this is happening. How much longer before people look at the principles of resource depletion that are embodied in the ideas of Peak Oil. You still have time to read about it. More on this later.
Archive for the ‘Peak Oil’ Category
And this is just before July 4th – the date that was predicted by Goldman Sachs for oil to reach $150. Not bad estimate. Pretty close. Now we have to give credit to these corporate boys and forget about what the good old peakers were saying for the last 3 years. Not to mention that OPEC and Gazprom and God knows who all have joined in to predict higher and higher estimates for where oil will reach within a year. But where were they all this while. Anyway oil zips past $146.
Now this is serious stuff over 5 dollar jump in a day. Now now behave yourself you bad bad speculators and a crack on the knuckles to India and China for having a booming market. And the rest of you relax. No need to panic. No need to believe those crazy Peak Oil ‘doomers’. This is just a conspiracy here. The money guys are going to fix it. And OIl will be back to $60 per barrel in a jiffy. Like end of this year. That is unless Goldman Sachs don’t make another dire prediction and spoil the party with some predictions. Meanwile read all about Oil crossing $135
James Howard Kunstler sums up the reality of Peak Oil as it is now unfolding though it is not clear to the majority in banking , politics, media and general public.
I love this article for its clear vision and hard talk – ‘Disarray’.
He writes on a lot of related subjects and you can find them at Clusterfuck Nation
This time the blame is on China needing more oil for its earthquake emergency operations and what not. Funny is it not. There were all kind of emergencies and wars and olympic games happening for the past 100 years but it never popped up the price so easily and in one direction. Anyway the more the denial the more the fun for us ‘doomers’. Read all about Oil above $127 at BBC.
And this is same day as the earlier post – so been a great day for ‘doomers’. But then why don’t you ask me why I put the apostrophes around the word doomer. Maybe because I am trying to say ‘realist’. Ok try this…. look at all the mainstream reports of the crazy behaviour of oil prices and you will notice that not once do they mention anything about the concept of Peak Oil. Like it does not exist. Like planet earth is a limitless system as defined by economists and it is all a matter of pumping in more capital to buy more oil rigs and going out there and digging – almost to the centre of the earth – and getting that oil. Yes! That is so simple. So keep reading all the denial in the mainstream news and when you are done……….. go to Life after the Oil Crash and recalibrate your check on Reality!.
My bank called me this morning to check if I had received my car insurance papers – I looked at the policy wording booklet (which no one reads of course) and wondered whether they would soon include clauses against oil price ‘super spikes’ as the gurus of commerce would rather call the much more obvious and real phenomenon of resource depletion and its accompanying concept called Peak Oil. Its getting more and more exciting and glamorous being a ‘doomer’.
Anyway by now I guess you don’t even want to go and check the Latest Oil Prices News at BBC.
You may not believe this now but try to remember what this poor ‘doomer’ said. Our world – as in the mainstream world – is heavily dependant on energy and therefore oil. It is going to crumble as we past the peak and then the rules will reverse as they are just about to at this time. You need to see the world anew……… actually ‘aOld’ if that is a making sense to you. If it does not then consider the concept of ‘primitivism’. What is that? Find out. Why? Find out even more. Why on earth do you want everything fed to you. Maybe you should take a closer look at our educational system to figure that out.
Meanwhile if you don’t want to collide with this old doomer on mystic thoughts then you should:
1. Visit Life after the Oil Crash. To get a better grip on reality.
2. If that does not help then just look around……….. I mean look around on your own and not through newspapers and TV and with the help of your favourite investment banker.
3. Keep track about the price of Oil then you can also follow it at Latest Oil Prices. Yes that is the link in my blog.
4. Read this blog more regularly till you are brainwashed into believing what I am saying.
Now I can read some panic in the statements of all the so-called experts on oil. And yet they refuse to bring in the term or concept of Peak Oil which is very simple – every non-replaceable resource has a life. In this case the resource being the fundamental basis of industrial society. And in this case the effect is felt long before it depletes. You feel it at the crossing the half way point. That is what Peak Oil is all about. So clear to me but so difficult for mainstream economists and the whole gang to accept. You don’t even find it mentioned as a possible plausible concept in their columns. You only hear of all other excuses like Nigerian rebels blowing up pipelines. That is just a small side effect of Peak Oil To understand it fully I again insist that you go to Life after the Oil Crash and get your fundas right. Then you will not be living in denial.
But meanwhile read the same old crap from BBC about how and why crude oil prices hit $122.73 for the first time.