People all around the world want to live like we do...live their dreams out in nice homes and nice cars..a good job..yada yada. I think some are finally seeing the light as to what they have missed out on and what they are going to miss out on. The oil production in the US peaked in the 1970's ie. demand vs. available proven reserves. We have no new reserves...not here or anywhere else in the world. The Saudi's have had the easiest and cheapest oil to recover for recent decades, Right now, they have to inject 1/2 a barrel of water into their oilfields to recover 1 barrel of oil. This is becoming expensive and the primary indicator that their oilfields have peaked, in other words, their production is declining at a rapidly rising rate.
The hottest thing happening right now is the oil sands in Alberta, Canada. The price of oil is just beginning to make it profitable to extract the bitumen from the sands there.
How many of you beleive the 1200 drilling rigs operating in the US are drilling for oil?? I know of none. Natural Gas is what our oil companies are getting rich on. For example, the well I am testing as I write this is producing 4,500,000 cubic feet of natural gas per day at a price of $10 per 1000 cubic feet. = $45,000/day in gas sales and 25 barrels of oil per day @ $108 = $2700/day. Oil is just a bonus to these people.
What are you going to trade with in 10 years when there is major oil shortages and our fiat dollar has crashed and your kids are hungry? Did you know that for every dollar printed , we have to pay that dollar back with intrest? This is where your fed income tax $ goes. The fed reserve bank is no more federal than federal express. This is a privately owned company who prints our money and is owned by mostly Europeans. google the shit if you doubt me.
Our forefathers knew what Europe would do to the US if we did not follow the Constitution. They warned us of the horrors they left to come here. We were specifically warned to use silver and gold as our currencies to avoid the intrest and corporations that follow a privately owned central banking system.
I am tired...yall go buy a six pack and sit down to your fav sitcom jus like thay want you to and forget about whats really going on in the world.