Thursday, May 29, 2008
A cyclical correction as the global economy slows would not necessarily invalidate the Peak Oil theory
The Telegraph: Asian countries begin to burst the oil bubble
One by one, countries across Asia and the Middle East are being forced to abandon price controls on fuel and energy, bringing hundreds of millions of consumers face to face with the true market cost of oil. The effect has already begun to chip away at world demand and may ultimately trigger a slide in crude prices.
Posted by sold 2 rent 1 @ 11:43 AM (602 views) Add Comment
26 Comments
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1. sold 2 rent 1 said...
"For now, traders are keeping a careful eye on politicians in Europe and the US as they call for curbs on the derivatives market for oil futures. The Hunt brothers in Texas were ruined attempting to corner the silver market in 1980 when the COMEX exchange suddenly changed margin requirements, and then suspended trading altogether. The pair failed to heed the warning signs."
"It is unclear whether the US Commodity Futures and Trading Commission would resort to such methods if oil keeps rising. The key players these days are pension funds and investors building up positions in long-term futures contracts through commodity index funds, now worth some $250bn."
Of course Goldmans et al will be tipped off before any regulation changes. They will then short the oil market.
The losers will be pension funds.
WARNING:
WEALTH TRANSFER
WEALTH TRANSFER
WEALTH TRANSFER
Orchistrated BOOM.
Orchistrated BUST.
A repeating pattern.
2. theboltonfury said...
so do you think the oil price will crash? Even though we are undoubtedly at Peak Oil stage?
3. sold 2 rent 1 said...
4. sold 2 rent 1 said...
theboltonfury,
"so do you think the oil price will crash? Even though we are undoubtedly at Peak Oil stage?"
There is so much about oil that we don't know - truth, lies, deception, rigging etc.
Oil seems to be taking over in the driving seat in this "fifth night" destruction.
I haven't seen 2m protestors marching on Westminster yet.
There is clearly not enough chaos for any change to take place.
Intuition says oil price will go higher.
More destruction is required.
5. theboltonfury said...
supply and demand confirms that oil price will go higher! But it's a finite resource so what can anyone do? We're about 100 years too late in addressing this problem and it will almost certainly change life as we know it in our lifetimes.
6. sold 2 rent 1 said...
theboltonfury,
On second thoughts all the charts are saying a pullback in oil to $100.
Maybe it is time for the political destruction to really begin.
So far we have had:
Physical destruction - China and Burma
Economic destruction - Oil, food and house prices
It is the exposure of political corruption that will lead to the change of consciousness.
Bring it on.
7. jonb said...
I would go for a medium to long term target of $50/barrel.
That's about the level that Canadian tar sands become economical at, and once they come on stream, there is quite a lot of oil around for a while anyway.
Of course, it takes time for them to come on stream, and oil may be higher in the short term.
8. lvmreader said...
@S2R1,
Keep those posts coming. I for one appreciate anything you have to bring to the table. Always thought provoking.
I am in disagreement with certain cantankerous, self-righteous posters on this site, who want to belittle what you say.
9. sold 2 rent 1 said...
lvmreader,
Cheers for the support.
There are many bloggers celebrating today, but they have not prepared themselves for the storm ahead. Their savings will be destroyed
10. drewster said...
s2r1 tends to come out with the right answers on the basics: I'd agree that oil should pull back to $100 in the short-term, although obviously the long-term trend is up. I also agree that gold should continue to be a good store of wealth, and that higher inflation will erode cash savings over the next few years.
However I disagree on all this "fifth night" / "change of consciousness" / "Mayan calendar" stuff. There are straightforward economic explanations for everything we've seen so far. No need to resort to Nostradamus-style vague predictions. Nothing of significance happened on May 16th, when s2r1 had predicted a major (unspecified) event.
11. sold out said...
S2R1 I agree with ivmreader and drewster.I enjoy your posts and they are always very interesting but not sure i understand all the other stuff,and your predictions with specific dates seem a bit weird.
12. sold 2 rent 1 said...
What you pay attention to....you become conscious of
Pay attention long enough and you start to get intuition......6 July 2008 - a climatic day in this change of consciousness from POWER to ETHICS
13. sold 2 rent 1 said...
How many people anticipated or knew about the A-bombs on Japan in 1945.
Very few.
The news came as a major shock.
This is the way consciousness changes.
14. drewster said...
s2r1, Can you be any more specific about what exactly will happen on 6 July 2008? Are we talking about a stockmarket collapse? Will the US fire missiles at Iran? Or is it something smaller like a press release from Rightmove? Or will you just take credit for "predicting" any event which happens on or near that date?
15. planning4acrash said...
What did you map to come to that July prediction. Is this another WWII analogy?
16. sold 2 rent 1 said...
I have mapped the WW2 battles from the previous “fifth night” onto the current “fifth night”
19 March – start of information war (7/7 inquests plan to be held behind closed doors)
Maps to the start of WW2
The information war is essentially the internet versus the traditional mass media over the truth.
12-20 May - Battle of Stalingrad
This corresponds with the destruction in Burma and China. 16 May was the mid-point of fifth night
Chinese earthquake on 12 May
14 June – D-Day landings
Irish vote on EU Treaty of Lisbon on 12 June.
Expect stocks/economic/political turmoil in Europe
6 July – Two Atomic bombs in Japan
This is where the mainstream public had their consciousness change in the last “fifth night”
Expect truths about 9/11 and the AIDS virus to come out.
Expect more stocks/economic turmoil too.
Maybe a final capitulation in US/EU stocks
Will gold peak in early July too?
17. sold 2 rent 1 said...
The 2 atomic bombs on Japan in 1945 was the climax of 15 years of destruction since the Great Depression started.
These bombs showed that POWER had fully overcome LAW.
It must have been mind-blowing to watch/listen as the news reports came in.
Expect something mind-blowing this time as well.
18. planning4acrash said...
9th July gives it a long time, I can see that being enough. From what I see on the web, people are bursting out with info about how we are being duped, about the war in the middle east, about sovereignty and the EU, about our fiat money system, about terror attacks perpertrated by the government, about the truth of the left right that are controlled by the same central financiers. This is becoming self-evident now, consciousness is changing.
19. planning4acrash said...
S2R, Where do you get your info about AIDS, and it being man made? I haven't seen anything on that.
20. sold 2 rent 1 said...
Deconstructing The Myth Of AIDS (Gary Null)
http://video.google.co.uk/videosearch?q=Deconstructing+The+Myth+of+AIDS&sitesearch=#
“Deconstructing the Myth of AIDS” goes beyond medicine and science to question the very foundation of our reliance on government bureaucracies where it concerns matters of life and death
ROBERT GALLOW: THE MAN WHO CREATED AIDS - EUGENICS
http://www.youtube.com/watch?v=oF1OAenDCqk
21. sold 2 rent 1 said...
Proof AIDS and Ebola were manufactured - Dr Horowitz 1 of 2
http://video.google.com/videoplay?docid=-7906799062386453844&hl=en
22. p. doff said...
Too much cr@p on this thread!!
Look, Burma and China were just severe weather and seismic events - some major event happens all too frequently in some part of the planet - from hurricanes in UK to tsunami in Asia. There is no magic correlation with anything (except perhaps your imagination). Mayan calendar - pah!
23. planning4acrash said...
Well, S2R, that is explosive stuff. It is rather a co-incidence, isn't it, that a virus like this, like never seen before, emerges in the early official stages of genetic engineering and genome mapping. This has been an intuition of mine, to be honest, that it seemed to be too much of a perfect disease. In addition, it would be easy to nip it in the but by retracing the sexual and drug partners, etc. and by taking note of clinics, doctors working on the individual to see if any patterns emerge of clinical contamination. Do that with each discovered case, and you could nip it in the bud. None of that is done. Given the limited methods of transmission and ease of tracking, why is this not done?
24. sold 2 rent 1 said...
"Given the limited methods of transmission and ease of tracking, why is this not done?"
The simple reason:
NWO would not allow it,
The complex reason:
The mathematics of global consciousness would not allow it.
25. doom&gloom said...
@s2r1. Do you think NWO are in control of scientists and scientific research (ie. medical research into an AIDS cure)? I do not.
26. sold 2 rent 1 said...
doom,
Yes.
The NWO can give funding and support to the scientists who agree with them, and deny funding and redicule scientists who don't.