Peak Oil? Try "Peak Debt" for gloom-n'doom

[yesferatu]

<!--EZCODE LINK START--><a href="http://www.financialsense.com/fsu/editorials/2005/0123.html">peak debt</a><!--EZCODE LINK END--><br><br><<While you live,<br>Live in pleasure.<br>Even if you must incur debt,<br>Keep drinking melted butter.<br><br>One rarely known role that the debt plays is in concentration of wealth and the resulting inequality. THERE IS ALMOST ONE-TO-ONE CORRELATION BETWEEN THE INCREASE IN HOUSEHOLD DEBT AND THE INCREASE IN THE WEALTH OF VERY FEW AT THE TOP. I did not come to this insight on my own; I learned about it from an obscure book written in 1934 that I bought in a used-books store for $2, 7-8 years ago; later I was surprised when I was able to verify this from the facts in the recent years. It is amazing how powerful the propaganda machine in the US is in suppressing the knowledge that might harm the interests of the rich and powerful. LET US SEE, THE HOUSEHOLD DEBT INCREASED BY SOME 5 TRILLION DOLLARS OVER THE PAST EIGHT YEARS AND THE WEALTH OF THE VERY RICH AT THE TOP ALSO INCREASED BY A SIMILAR AMOUNT. COINCIDENCE?>><br><br><snip><br><br>please see full article<br><br>It may sound like a "well duh!" issue, but we should have the facts and the theory and the stats behind our "well duh!" exclamations. <br><br>Also, I am not nay-saying peak oil at all. <p></p><i>Edited by: <A HREF=http://p216.ezboard.com/brigorousintuition.showUserPublicProfile?gid=yesferatu@rigorousintuition>yesferatu</A> at: 9/3/06 10:50 pm<br></i>

[Joe Hillshoist]

About peak oil...<br><br>I have a neighbour who works on a seismic crew for a major oil company. He goes to Soiuth Arabia for 6 to 12 week shifts in the desert mapping the geological formations. He reckons they are currently mapping oil deposits that probably hold more than anything S Arabia has found yet and will probably hold as much oil as they have taken out of S Arabia yet. He was telling me all this on Friday night over a few beers. It wasn't in the context of a conspiracy discussion or anything, just curiosity about his work and stuff. He reckons the current oil price is a crock of shite.<br><br>Peak Debt is spot on tho. Thanks for the link. <p></p><i></i>

[xsic bastardx]

<br><br><br> That might all well and be ture, but I thought that a big part of the oil industry was how much money it takes to REFINE the oil into usable functions.<br><br><br> There is oil ALL over the fucking place....true...but the quality of that oil and how much money it takes to refine it is another story.......<br><br><br> Peak Oil could be that the truly USABLE amounts oil, or "Grade A" Oil is disapearing............... <p></p><i></i>

[darkbeforedawn]

I think part of the gambit of the "elites" is just to keep us all guessing--How much oil is there REALLY? What is happening to the climate?? Uh-oh the great unwashed are finding out some facts-- Quick, destroy their libraries!.!...(By the way Bushco closed out a bunch of environmental libararies last month...I posted an article about it.) Without question, though, we are facing the collapse of the economy as we know it. All our financial data bases are being "stolen" as Wayne Madsen has chronicled, and when the big crash comes they will use our account numbers to their own advantage, just like they used insider trading on 9-11. Sick. <p></p><i></i>