A song written in 2005 about what is going down in 2011!
Into the Silos
What do I know?
Whispering sweetest secrets
For all the World to hear
It’s live on television
Posted in Ancient Chinese Secret Huh?, Bonfire of the Vanities, Cribsian Dream, Debt Proof? I Think Not!, Depression 2.0, Dogville, Financial Collapse?, Frack Off!, General, High School Uber Alles, Moving Pictures, Musicpaulogy, Oil's Well That Ends Badly!, Ou Retarded Kids, Our retarded kids, She Blinded Me with Science!, Songs of the Week, speedhair, The Art of War, The Prime Mover, The Rise of the Machines, Thermonuclear Destruction, Too Much Information, Uncategorized, What's a Grecian Urn?, WT7 Conspiracy, Zoltar, tagged Earth..what a shithole!, end of days, military, speedhair on May 19, 2011| Leave a Comment »
Oil is not well in the Gulf of Mexico…Ten Bucks the damn thing will be spewing into the gulf again before Hallowe’en.
A tasty excerpt from an illuminating analysis of
Peak Oil and Peak “Cheap Oil” by Erik Townsend that I found at www.chrismartenson.com. A very credible argument that explains why oil might very well make it back to $200 a barrel but is not likely to go much higher as that is the price point where governments of oil producing nations are likely to begin nationalizing oil producing assets and controlling energy markets as a matter of national security… It seems bad enough for oil… Haven’t seen anything yet about the coming water shortage crisis… And lets not forget that California is due to sink into the Pacific any day now… Do you believe now in the deadliness of the future?
Market force vs. Military force
One of the strongest arguments made by Peak Oil speculators is that prices will rise in large part because emerging economies (particularly China) are industrializing, radically growing their vehicle fleets, and generally likely to create enormous new demand for decades to come. On its face, this is a sound and well-reasoned argument and the fundamentals in those countries strongly support this conclusion. But this argument assumes that oil prices will continue to be set by a free-market supply and demand system. I think that a dangerous assumption.
I’m convinced that as Peak Cheap Oil arrives, a series of peak oil price shocks will cripple developed economies, including the United States. (more…)