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$$$ GREAT explanation of HIGH OIL PRICES $$$$

Update (this is an email I received and wanted to share info)

Oil is not decayed fossils. Oil prices are the same as eight years ago, measured in gold.

Oil is made by a biological process of converting helium that comes from the nuclear reaction at the earth's center. The helium is a result of the atomic reaction at the earth's core and is thrown toward the surface by the rotation of the earth. Some evidence for that would be: 1) oil exists at 30,000 feet, far below the 18,000 feet at which organic matter disappears; 3) dry wells are later opened; 3) the amount of oil pumped out of the earth to date can not be accounted for by organic matter.

So, stop worrying about running out of oil, or thinking that it is a cause of rising prices. The supply is so long lasting that it is not a shortage of oil, and perhaps never will be. Neither is the rise in oil prices in terms of dollars is not caused by OPEC, greedy oil companies, or the lack of reserves.

Instead, think about ending the pipeline of products from Chinese factories to Wal-Mart.

What has caused the rise in the price of oil is the increasing unwillingness of foreigners to accept American dollars. The world is awash in increasingly worthless dollars, and the price of oil has gone up accordingly. (See the accompanying chart.)

Given a few lags and leaps the price of gas in dollars neatly parallels the price of gold in dollars. Oil sheiks and Latin American governments want gold for oil, or the dollar equivalent. As the dollar, sinks the price of gas goes up.

In 2003, when I first ran for elective office, I said that gas was going to $5.00 a gallon. Gas was then at $1.40 and most people thought this was a rather wild-eyed prediction. Now that gas in Connecticut is at $4.03, my critics are not so vocal anymore.

I also said that few people understood Free Trade. It sounds good. It is taught in colleges and university economics as a wonderful theory, where everyone comes out ahead. Poor nations get rich and rich nations get richer. Arguing against free trade was like arguing against, God, motherhood and the Yankees, although not necessarily in that order.

Manufacturing, I said was eroding away. But was answered with a chorus of "Yes, but we get cheap cars and television sets." The macro understanding of the dangers of Free Trade are not understood by Washington politicians, or if they do understand, they have sold out to global corporations.

I said that the American public would start to understand the foolishness of our trade policy when gas went to $5.00. At $4.00, the public is awakening to the problem. It should also be noted that it is not only at the pump that consumers are paying a higher price. Food has skyrocketed and other goods will follow. After all, it takes energy to drive those trucks and tractors that plant the corn and bring it to market.

U.S. Citizens must accustom themselves to the fact that the United States is no longer a wealthy country. It is a formerly wealthy country that is deeply in debt. Russia has a current account of a $465 billion dollar surplus and China's is $365 billion. In contrast, the U.S. account is a deficit of $987 billion. (We should reach a trillion soon.) This does not count the $3-5 trillion dollars the war in Iraq and Afghanistan is going to cost.

In brief, the USA is a gigantic debtor nation on the verge of collapse.

The U.S. only survives because the dollar is the world's reserve currency. If the world's currency immediately collapses, the United States collapses, but all the holders of dollars would collapse also. Therefore, what is happening is not a sudden shift, but a movement out of the dollar. The Arabs and other countries now want their payments in gold, Euros, or the dollar equivalent. The dollar is only about half the world's reserve currency.

Thus, it might be better not to predict a collapse of the dollar, (although that could happen), but rather an increasing steep decline, as is shown in the chart.

Americans must realize that they are going to have to tighten their belts. First, end free trade by placing high tariffs on all manufactured goods. Second, bring the troops back home. We cannot afford (why are they still there) 45,000 soldiers in Korea and thousands in other places in the world. Third, find a graceful way out of Iraq. It will bankrupt the USA. And finally, rein in domestic spending.

Universal health care? Who is going to pay for it? The Chinese?

The problems that America faces are all problems that we have created, or more specifically, the elites in Washington have created. They can be solved. Nevertheless, time is running out. But they can be reversed, that is the good news.

Paul Streitz, amfirst@optonline.net

You can purchase America First at Amazon.com for $24.50 plus postage, or you order on line here (http://www.americafirst2008.com/ go Buy Book) for $15.50, or send a check for $15.50 to Oxford Institute Press, 8 William Street, Darien, CT 06820.

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In my opinion, oil prices

In my opinion, oil prices (in terms of US$) increase due to the purchasing power/value of the dollar decreasing. It takes more dollars to buy the same amount of oil when each dollar is worth less. The dollar decreases in value due to terrible decision making and manipulation by our government.

Gold is the true reserve currency of the world and gold says that oil has not actually increased in value/price for a long time.

...

Sure can't argue that...

the falling value of the dollar is certainly a contributor, but can that account for the dramatic increase lately? Seems like that would account for the same increase that we see in other normal products like groceries, etc.

--------
We don't know how to mind our own business
'Cause the whole worlds got to be just like us
Now we are fighting a war over there
No matter who's the winner
We can't pay the cost
-Steppenwolf 1969

'Cause there's a monster on the loose

I am not an expert on the economics of fuel...

but my guess would be free market, supply and demand, etc. Like everything else the supplier is going to get absolutely as much as the market will bear. As much as it hurts, this is what we all should support because the alternative (government interference) is much worse!
--------
We don't know how to mind our own business
'Cause the whole worlds got to be just like us
Now we are fighting a war over there
No matter who's the winner
We can't pay the cost
-Steppenwolf 1969

'Cause there's a monster on the loose

Thanks

You are probably right and especially about the Government.

"Its easier to fool people than to convince them that they have been fooled."
Mark Twain

Can someone tell me why

Why heating oil that is not as refined as gasoline costs more than gas?

"Its easier to fool people than to convince them that they have been fooled."
Mark Twain

I was talking to my husband

last night about this subject. He is a chemical engineer and he said it was bunk. He thinks we have hit peak oil and that the oil reserves in the North slope is being held back for the military, could come in handy if you intend to rule the world. Peace

Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.

1) oil exists at 30,000

1) oil exists at 30,000 feet,

True, last year I worked on a world record well drilled to 34,189'.

far below the 18,000 feet at which organic matter disappears;

Really? Who says? Keep in mind that organic matter doesn't *start out* there, but in the Gulf of Mexico, for example, the Miss. River dumps so much sediment that the layers that were on the bottom of the ocean accumulating organic material get covered up and actually sink that deep over the millions of years. That depth/pressure, heat, is what converts organic material to hydrocarbon!

3) dry wells are later opened;

What happened to 2? Not a geology OR math major, were you? :) just kidding. Yes, they go back and extract oil from wells that were previously *not economic*, because there wasn't enough oil there to develop at the current prices of that day. Now, at over $100/bbl, it's worth going back into some wells! Few wells are really 100% dry.

3) the amount of oil pumped out of the earth to date can not be accounted for by organic matter.

Hmmm, why not???

Fun discussion, albeit unrelated to getting Ron Paul elected...

BugMan

--------
We don't know how to mind our own business
'Cause the whole worlds got to be just like us
Now we are fighting a war over there
No matter who's the winner
We can't pay the cost
-Steppenwolf 1969

'Cause there's a monster on the loose

I won't argue with the economics of this post, but...

as a paleontologist/geologist for 25 years, I call bullshit on the explanation of the origin of petroleum given here!

FWIW.

BugMan

--------
We don't know how to mind our own business
'Cause the whole worlds got to be just like us
Now we are fighting a war over there
No matter who's the winner
We can't pay the cost
-Steppenwolf 1969

'Cause there's a monster on the loose

Thank you

Your debate over origin of petroleum could be with the author.

As with everything, there is always great truth somewhere - on the erosions of the dollar, I totally agree with his analysis.

On another post, someone was looking for an explanation of the price of oil, and I thought this made as much sense as anything I've read or heard.

We can all take the value created and choose what to utilize and what to ignore - as with all publications.

Sorry,

I didn't realize this was not your analysis... I admit I did not make it to the bottom before having to jump on the geological part!

I'll check out the link, perhaps give the author an earful.

BugMan

--------
We don't know how to mind our own business
'Cause the whole worlds got to be just like us
Now we are fighting a war over there
No matter who's the winner
We can't pay the cost
-Steppenwolf 1969

'Cause there's a monster on the loose

Probably not

I'm racking my brain to see how elemental helium can convert to octane. I'm really having trouble with this. Not dismissing entirely, but can you please explain better the mechanism for converting helium to organic hydrocarbons?

Oil (in my humble opinion) is likely the byproduct of some biological mechanism. It's far from proven fact that it's from biological origins millions or billions of years ago, but I think it's biological at some point.

Simple geochemistry doesn't explain how complicated molecules are formed from simpler ones.

This is intriguing...but please develop your nuclear fusion -> crude oil theory for us...or if you're using someone else's research or postulation, please provide a link

The link

and author are at the bottom of the posting. The info was received via email, which was obvious by the closing.

If you want answers to your questions and resources, please use the information provided.

Bummer

I was hoping to get this information without buying this guy's book or getting on his emailing list.

Can anyone here defend, or at least give me a mechanism for how nuclear fusion can turn helium into organics?

Unfortunately...

The link does not take you to the explanation. What's your field of expertise jzneff? You sound educated in physics and/or chemistry. From my geological background, I'm highly skeptical of these claims!

--------
We don't know how to mind our own business
'Cause the whole worlds got to be just like us
Now we are fighting a war over there
No matter who's the winner
We can't pay the cost
-Steppenwolf 1969

'Cause there's a monster on the loose

My field

My education is in biochemistry, heavy emphasis on genetics.

My chosen profession is industrial chemistry...not as interesting as genetics, but better money, for sure.

I really have a desire to learn how helium turns into oil, but i've found nothing I would deem credible, and there's no drawn out mechanism for how this might work. Sounds like nonsense, but I'm open minded enough to consider the idea.

There are claims...

that the author makes that anybody whose had Geology 101 could refute as well. This seems to be just another hot air theory based upon ignorance, unfortunately.

--------
We don't know how to mind our own business
'Cause the whole worlds got to be just like us
Now we are fighting a war over there
No matter who's the winner
We can't pay the cost
-Steppenwolf 1969

'Cause there's a monster on the loose

Bothers me

It really bothers me when uneducated people make nonsense claims and can't defend them.

If there really is a better means of generating energy...if there really is something misunderstood about fossil fuels...I don't think it takes a government cover-up. These people making noise are drowning out people with real contributions.

Noise...just noise. I wouldn't bother reading this drivel...I spent too much time mining to find nothing credible.

I read some time back that

I read some time back that some Russian scientists had made the argument that oil was Abiotic in nature. Anyone interested in space research should know that space is home to organic molecules and hydrocarbons. I don't think it is too far off the hook to think that much of what oil comes from could have been deposited with the formation of the planet. Nor is it hard to believe that vast deposits of organic matter held under heat and pressure could cook up the same thing. Why does it have to be one or the other. On the other hand. I did find the helium argument to be a stretch, but I'm no physicist so I'll leave it at that.

Things are only impossible until they are not.
-- Jean Luc Picard

Things are only impossible until they are not.
-- Jean Luc Picard