Once Iraq´s Saddam Hussein said about oil management:
A small thread about oil politics:
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Is the US in the Gulf to "steal" the oil? -> NO!
All the oil ever consumed is LESS that 1/5 of Lake Tahoe: tinyurl.com/5n7fsc9e
Do this:
- Just zoom in and out.
- Think that all this burns at once and creates a cloud/blanket covering whole Earth.
- Tell me, would this little fart make ANY difference to #GlobalWarming ?
The oil market before and after Nixon has been never the same. No need to have strategic petroleum reserve. The reason there were no shortages prior to the “floating dollar”...
polyconomics.com/memos/mm-04120…
Here is the link for the "It's a Big World"
Jude Wanniski, Dec 1998
I called the AM Petroleum Institute and asked its library to tell me how many barrels of petroleum have been produced worldwide since 1859...
Read:
polyconomics.com/memos/mm-98120…
The issue with oil pricing and monetary system:
The US has always rooted for higher oil prices, there are several reasons for this:
- Europe and China do not have their own, need import / competitive advantage
- Keeping oil in ground elsewhere keeps supply down / increase profits for $ system
KSA *(Kingdom of Saudi Arabia) was better off producing more at lower prices, with larger market share.
Have you learned anything?
Ancient lures of forgotten history offer many gems.
The rationale for seventies oil pricing change:
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