If Dr. Pauls was here...
Posted June 29th, 2008 by LastAmericanStanding
output
...he'd kick us all in the ass.
First off, the reason oil is $140 a barrel isn't because of speculators or mean 'ol Saudis or OPEC or Exxon. The reason our oil is $140 a barrel is because the money we use to buy it with is almost worthless.
If that weren't the case, why is everything else we buy mercilessly expensive? Food, fertilizer, beer, peanuts....you name it and it costs more than it used to cost. I can't believe I'm telling RP followers to wake up!
I just watched this morning one of these energy types telling us why we have to open up Alaska to drilling (as well as off-shore and everywhere else)... the guy even had the balls to say that this part of the protected region was basically butt-ugly and no one goes there anyway. The man probably smelled of oil himself after living the the oil company's pocket for so many years.
Make no mistake, the oil companies are straining at the leash to re-open the areas that are off-limits to them now. However, from start to finish we won't see a trickle of any new oil from these regions for months. Maybe more.
And the hard truth is that it won't change the price of oil. Whether it comes from overseas or our own shores, the dollar is worthless and dropping. By the time they come on-line with new oil with the inflated cost of discovery, drilling, transporting and refining how could it possibly cost less?
The oil companies are simply looking to get a foot back in the door and line their own pockets. Sure they would rather have you buy the oil from them rather than the Middle East, why wouldn't they? And in truth, that would be more in keeping with the RP free market (if it really existed).
It is important to remember, oil isn't the issue. Our economy is. Our dollar is. Our hemorrhaging money is. Our war-on-two-fronts-and-growing is. Our licking up the pablum set down by the government-friendly press is.
There is much work to be done. I haven't given up on RP and neither should you.
In fact, now is when the fun starts.
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Not saying that prices aren't being manipulated..
I'm just saying that it is only as noticeable as it is because of the devalued dollar. We're being hoodwinked (again)
The weakening dollar may be playing a role
but it doesn't explain why the price of gas has increased faster than the rate of inflation, and faster than the price of most other goods as well.
It does when you know that a portion of the profit made on oil
is sent back to the US to buy up US debt. We have a treaty with the oil countries (thanks to Kissinger) that basically states we will buy oil from you and only you as long as you send some back to us and buy up debt (a BIG FAT kickback). Interestingly Iraq an Iran did not sign the treaty, hmmm...
Watch this for the whole story: http://video.google.com/v...
That still doesn't explain why oil prices are rising so fast...
I'm not trying to prove that we're in a huge crisis right now (personally, I think the rise in the oil prices is a good thing- just a greater incentive to find an alternative). All I'm saying is that the weakening dollar cannot entirely explain the rapid increase in the price of oil, and the fact that these oil countries are buying up the national debt doesn't change that.
When the dollar does not go as far because of "inflation"
it also doesn't go far to pay off the debt. Basically the Arabs need more dollars to "earn" so they can make a larger kickback. Think about it, if they used to kickback 5% or 10% of the debt, that % mathematically becomes larger as the dollar keeps getting weaker and the debt continues to grow. Now they have to send more money. Where do they get that money? From the selling of oil. Why do they need more? Because the "kickback requirement" is getting larger as we spend and print money.
Think about it, food is going up but not as quickly because there's no kickback involved. It's prices are mostly based on "inflation." However, oil is three-fold, it is based on inflation, deflation and debt.
Here is a question for you; "Who set's the price of oil?"
I believe the same arrangement is made for China. I believe there is an agreement to allow so much in importing their products on account they "kickback" to buy up US debt. If we stop producing (as we are doing) then the imports continue to rain in from China at a price we can't compete with at stores like Dollar General and Wall-mart. China is happy and the traitors in Washington are happy because they line their pockets with this "kickback". Of course this is just my own belief regarding China, but it does make sense.
That's an interesting idea
To be honest I never heard it before, and I didn't glean it from the link you sent either (granted, I was skipping through parts of it). I have to get offline at the current time so I can't continue this discussion further, but I appreciate your time. I'll have to look into details to a greater extent tomorrow, but hopefully we'll keep in touch.
Have a great evening and I look forward to speaking with you
soon :)
Constitution party information, be sure they're on your state ballot:
http://www.constitutionpa...
It,s so obvious!
I'm a very simple thinker and I can see what's happening. How can everyone be so gullable! People I have thought were so smart in the past are really letting me down on this one. Everyone is playing the blame game and losing. It's simple. Dollar down. Prices up. = economy crashes. Print too much worth less. Government overspends. You pay. You go broke ca'nt pay banks. Banks goes broke. Fed prints more bails them out. You pay. When banks circulate new fake money and when it finally get's back to you (if it does ) it's worth nothing. On and on .........Did I get that right? We think our money is worth something. Other countries are seeing that it is not. We wo'nt see a trickle of the money from that oil because they will have to print more money to drill for it ect...
bump to both ! (you and the thread)
The problem is the majority in this country are not taught to think, so they don't! (public skool don't learn them too good!)
Libera me, let the truth break, what my fears make--Leslie Phillips
Oh, this is a great post
they should digg this or something. Peace
Bump
Dr. Paul cured my apathy