All the physics I've gotten into on this issue say that if this happens a massive blowout is immanent, unstoppable, and unbelievably destructive. This time video via RawStory.
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And a bit on the court's treatment of the initial disaster for perspective on what's to come.
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Showing posts with label oil. Show all posts
Showing posts with label oil. Show all posts
Link to Post: China and energy is real money
Who knew? Apparently the Kazakhs did! The Honest Money blog aggregates and interprets these bits about China's currency following the "freegold" model which results in Kazakhs getting hard money for their energy. Our soon to be valueless soft currency is also probably being exchanged for hard money (gold and silver) in energy markets such as this. As this comes to pass we are ignorant of what should be obvious physics because of bad paper PMs which do not correlate to supply and demand. Our system amounts to the conniving theft of energy.
Money = Energy
Energy = Gold (energy expended to condense value) and Oil (energy to be expended as value)
Money = Gold and Oil
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Money = Energy
Energy = Gold (energy expended to condense value) and Oil (energy to be expended as value)
Money = Gold and Oil
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Link to Post: Goldman Sees Oil Returning to Recent Highs
Thanks go to Zerohedge, all praise be upon them!
Recent moves are not based in changes to the long term supply and demand issues.
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Recent moves are not based in changes to the long term supply and demand issues.
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Link to Post: "Our Only Hope: You"
The Along the Watchtower blog put up a great bit on Thomas Jefferson, cronyism in media, the creation of bogeymen, the price of oil, and the decline of the dollar. All in very little space, very much worth browsing over there.
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Link to Post: More on Ben's QE easing box as it is related to the oil price.
It's all pretty simple when you get right down to it. Either the price of oil goes up causing an end to our society's grand greedy momentum, or the wealth effect of inflation ends along with all of our societies reliance on the forward momentum it created. One way or another this is going to be a grand ending/new beginning for the monetary system the US has tried to spread around the globe, expect utter chaos.
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