The Peak Oil Conspiracy

[Anders Lindman]

Why a whole 'nother peak oil thread when there are so many already, including started by Anders? Anders, stop spamming.

Because this thread is particularly about the connection between the secret trillions of dollars bailout spree by the Federal Reserve plus other central banks and global peak oil.

 

[wrs]

The secret 16 TRILLION dollars bailout payed by the Federal Reserve between 2007 and 2010 fits well with the DESPERATE increase in U.S. oil production in recent years:

[qimg]http://s9.postimg.org/giti13m1r/US_oil_sep_13.png[/qimg]

The U.S. reached peak oil in the early 1970s. The chart shows an abrupt increase of oil production after around 2008.

Source: http://www.econbrowser.com/archives/2013/09/the_peak_in_wor_1.html

Could you link the price on the same chart? You don't think price has anything to do with that production decline do you?

 

[Anders Lindman]

Could you link the price on the same chart? You don't think price has anything to do with that production decline do you?

The peak price or what to call it, for a barrel of oil, was around 2008: http://www.infomine.com/investment/metal-prices/crude-oil/all/

Notice the fairly stable price since that time, and the accelerating increase of the price up until 2008. Without massive secret subsidies of the oil price, the price for a barrel of oil would be over $300 today!

 

[Anders Lindman]

I took a snapshot of the chart in my previous post so to preserve the data:

 

[wrs]

I took a snapshot of the chart in my previous post so to preserve the data:

[qimg]http://s29.postimg.org/qlcg3pe53/Graph_Engine_ashx.png[/qimg]

That looks like the price of Brent, not WTI.

 

[Dcdrac]

it was Mickey Mouse

 

[Anders Lindman]

That looks like the price of Brent, not WTI.

It's a similar chart for for both:

Source: http://en.wikipedia.org/wiki/File:Brent_Crude_vs_West_Texas_Intermediate.png

 

[LSSBB]

Because this thread is particularly about the connection between the secret trillions of dollars bailout spree by the Federal Reserve plus other central banks and global peak oil.

Yep, spamming.