Tuesday, January 13, 2015

Oil and OPEC

That little line on the left chart shows USA oil production moving up – beginning with the dip in 2008.  That promises to deplete reserves more quickly that the pre-2008 estimates.

OPEC needs to suppress prices for three years – and America need to continue the upward curve.  The result will be America run dry at the same time the ISIS groups unite.  That means the USA will be totally dependent upon them for military fuel in excess of short term needs.

The right hand chart shows the price of oil between 2000 and 2014.  Note how the Bush Administration forced a rise in oil prices – and keep in mind that Bush is an oil man.  Again, the crash is clearly visible.

Prices at 2000 levels will kill off America – it will encourage the continued avoidance of alternative energy development.  The death of America.     

No comments: