Lindsey Williams was Right. Oil -> 50 FRNs

Nice post.I got many ideas. I visit again to this site if there a new improvement...
oil exploration

This guy is not relying on science but on his perception of conspiracy.

He doesn't know squat about the oil supply and production capabilities, the patterns of depletion, the steadily increasing cost in energy terms of acquiring new energy.

If you are relying on him, you might as well go to him for dental work and a knee replacement, because he has as much capabilities in those areas as he has in the fundamentals of oil exploration, extraction, and depletion.

Give me a break!

One out of two isn't bad. Unless they have another trick up their ass.
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is a good guy. I'm gonna be praying for him.

Is this for real? Seriously? What's your thoughts?

I was amazed when I first saw Lindsay Williams presentation on his "The Energy Non-Crisis". Of course it makes total sense that the control of oil lends as much power as the control over gold/money. And that in order to keep the price flexible they would have to maintain the impression of scarcity (there's far more oil than they want us to believe).

But I hadn't considered that the rise in price was deliberate in order to pass legislation to allow for more drilling. It seems to make sense, though I was under the impression that they didn't want to drill here, because there's more to gain by taking oil from other countries (via the military-industrial-complex, with which I assume 'they' are affiliated).

But I suppose there's a lot of business for Halliburton in the creation of new drilling etc., even if they are going to keep the assumption of scarcity anyways.

I don't think the reduction in price will necessarily cause "bankruptcy" for these other countries. But it will certainly piss them off and do them harm. Perhaps this tactic will work like the sanctions on Japan that led to the Pearl Harbor attack, in order to lead us into more war.

I think it's more likely that they mean to keep people calm in these tumultuous times. "At least gas prices are down," said the yuppie, "I guess the government can do something right."

I saw in the paper today, Forecast: Gas Price to drop to $1.75(?).

Obviously this is not a matter of supply and demand. They're manipulating and have a plan. This is definitely another big piece in the puzzle.

we all know that crude prices drastically rise in the summer anymore. I cant see how prices are going to spike to 200/brl again without watching the entire world economy hugely uplifted from out of its current hole, which i cant perceive happening before summer of next year. oil will probably stay witin the 40-75$ range for a while now with a peak range of perhaps 90$, no?

HYDROMAN
We cannot drill or operate offshore for less than $38/barrel domestically.