must watch all of it. It is good. Please don't flame me, just posting an interesting video.
http://video.google.com/videoplay?do...arch&plindex=0

 

Don't know if I can devote an hour to this... but I believe it.

 

I watched the entire video, it coincides with everything going on today.

Funny thing, I watched the national geographic channel last night, it was about oil, they showed a segment in which the oil co Chevron was permitted to drill a test hole in the Alaskan wildlife refuge, they capped the small test hole and the results from the investigation disappeared like a fart in the wind..... Hmm, wonder why?

Thanks for sharing the link,


Tim

 

Yeah quite intresting that video was from October last year and the gas price prediction is coming true did anyone catch the date that Iran is suppose to "flood the market"?

 

His claims have some merit, but there are certain problems with his statements.

1) He claims that oil prices are dictated to OPEC. OPEC isn't the only entity selling and buying oil. For one, the US manufacturers are not part of OPEC. Second, OPEC would have no problem shutting off the tap if they didn't like the prices they were getting. Anyone remember the Arab Oil embargo of the 70's?

2) He claims that one entity is dictating the prices to OPEC. Thats simply not true. ANYONE can get in on the oil futures market, and the prices rise as more buyers enter the market, and more oil is bought. And why would that one entity dictate prices of $110 a barrel if they were trying to keep wealth AND oil in the US?

3) He claims Iran wouldn't sign on the dotted line when Kissenger showed up. Thats hard to believe, since at the time Shah Mohammad Reza Pahlavi was a US supported puppet. The Shah had no problem oppressing his people with the support of our government; it would be a no brainer to sign a document pledging oil and taking on debt.

AS with most of these sort, some of what they say is true, some is... well a bit of a stretch.

 

Oil is power. We will use other countries first then use and leverage our own after they are all out.

Makes perfect sense, no? Keep our own "reserves" for when things get really hectic.

 

but at what point does the extreme price, that is causing the end of the owner/operator end of the trucking industry, rising prices of all consumer goods, and working people struggling to fill up their tanks and heat their homes, cause us to start using a whole lot more of 'our own'. i think it has a lot more to do with keeping the pump price at $3-$4, and keeping quarterly profits in the $40 billion range, than using other countries supplies first, for 'leverage'.