Recent events - oil

I would like to review some current events. Today we will talk of oil: In 2005, after the Bilderberg Club meeting in Rottach-Egern, I wrote in my annual report that the price of oil will rise to over $ 100 within a couple of years. 2005 plus a couple of years = 2007. Here we are. Barrel to $ 100. We have had several discussions and debates on the page with readers about the price of oil. Now it's official. $ 100. Debate closed. I win.

However, it will rise much more. It's not what we are saying the International Energy Agency. According to IEA, "Oil demand will decline over the last months of 2007 and in early 2008, publishes El Mundo, November 14. In fact, it is not. The demand can only go beyond that, because obviously the people of the first world in the months of winter in the Northern Hemisphere will need energy to heat their homes. According to the World, "could also change things for the medium term the impact it may have on the market the findings of petroleum resources in China and Brazil, which could bring 1.5 million barrels," the market.

This is not true, as it is smooth and easy use of the insult. In actuality, the world is using 84.5 million barrels a day. Within a decade, we will need about 120 million barrels as a minimum. It took about 7 years since we find oil until you get into our car. Adding 84.5 to 1.5 gives us 86. Question: Where will we get what we're missing? Answer: because there is nowhere else. We still have 20 years of oil.

We have "progressed" from 1859 and 2007 and 0 barrels to 84.5 million barrels a day. By all calculations, the capacity of human innovation would lead to a maximum of 95 million a day. Dick Cheney four years ago told a conference in London closed within 10 years we will need about 50 million.

Obviously, the 1.5 million barrels Chinese and Brazilians do not change the desperate apocalyptic world outlook. I repeat again, for readers with clear signs of amnesia - Peak Oil will bring a catastrophe of cataclysmic proportions and unprecedented in the history of mankind. Why? Because our industrialized society can only operate with an abundance of cheap energy.

For example. For 4 euros can run about 60 miles. How long would it take to push the car 60 miles? How long would it take to push the car 60 miles if we stopped the car keys at home? Scientists at the University of Nevada have calculated that a person would take 6-8 weeks to take this route to work full time. Ie 50 cents per week. Even in China, labor is so cheap. It is the power of cheap energy.

I read somewhere a U.S. website readers' comments saying that the rich and powerful are hiding oil to collect more money in the future. In fact, the stock market works the other way around this logic fragile. We'll see. The oil companies want to announce to the world as oil discoveries because these sites provide the money to the bottom line of companies such as BP, Shell, Chevron, Amaco, etc. Petroleum sector companies translates into profits. Earnings ensure that the actions of the company is listed on the rise. The more oil, better for companies in the sector.

Even worse, we are selling Conspiranoids alternative forms in no way able to sustain the global economy that requires daily 90 million barrels. The story of ethanol is that, a story and a spoof of the hair. A recent study by the University of Minnesota shows that if convirtiésemos the U.S. in a cornfield, only 12.5% could supply the energy needs of the country. We also need about 5 liters of oil to produce 3.8 liters of ethanol. What if that is striking is that the guy who has invested more money in one of the major companies in the sector - Pacific Ethanol Inc., Bill Gates called - 25% of the company is yours.

Hydrogen is just as useless also need nuclear power or natural gas to release the energy stored in hydrogen: 4.4 liters of hydrogen to make 4 liters of gasoline. Nuclear power is still the best. However, it is too late. We need 10 years to get it going. We do not have. Second, uranium has risen from $ 10 per half kilo in 1995 to $ 100 in 2007. At the financial level, it is no longer viable. The argument is purely economic.

Sun and wind used to have a garden of tomatoes on a farm in Cadiz. In addition, hosts need oil. To date, warplanes and tanks do not run with corn. The economic and geostrategic implications are unprecedented. I want to ensure that everyone understands. The Rockefellers of this world will not cool, ever. We'll have us, the dirty and quite undesirable mass to the interests of the elite. The war, as I said yesterday was not waged against Osama bin Laden but against us. We are the enemy, for we are many, because many of us eat and spend only the planet's natural resources without contributing anything. At the global level and from the point of view of the most powerful, we must die ... so they can continue living.

I put a link to an interactive website well worth consideration. Clicking over countries we can see the energy resources of each of them, the peak years and projections of the future. I warn you that it is absolutely chilling. Russia, for example, the second largest oil producer passed its peak 20 years ago.

http://wolf.readinglitho.co.uk/mainpages/oilworldmap.html

Finally, the response to an email from a reader. Do you know politicians cataclysmic situation in which we live? Absolutely. They have all the reports of the experts. However, they can never admit it publicly. Because if they admit it, the public will demand solutions. There are no easy solutions because there is no more oil. Difficult pass to eliminate much of the global population. Any volunteers? So Gore and company have to talk about the virtues of ghostly and quite misleading solutions.

On Monday we will review the latest news in the housing sector and remember the brave and false predictions of BBVA.