Page added on May 26, 2008
…And they are still at it. More recently, Goldman forecast crude-oil price to spike up to $141, and JPMorgan bets on $200. Yep folks, they are blowing an oil bubble. The Money Cartel (bourses, ethanol and oil and gas companies) wants you to think that that we are running out of oil. Now if you are pro-peak oil, what do you think of this: OTC says that $100TN is needed to rebuild energy. So not only our lives were in the hands of ’smart guys’ who obviously failed to adapt very badly and who now want us to pay for their missteps that are going to squeeze our wallets until the last drop? There is no other definition for this than ‘modern serfdom’.
At the best that the peak-oil exists or not is irrelevant because the Solar Revolution and the end of ‘Big Energy’ are right around the corner. The Money Cartel is dying but going to take us with it. History could repeat itself again and engineer and new Feudal Superclass if events and their causes are not interpreted properly. Sure, after having read this column some still may think that the world will never change and that rich people are in fact much happier than poor people… but how happy could one be in a world where only 10% of the population depend on economic slavery?
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