Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)


Page added on September 1, 2016

Bookmark and Share

Oil Prices Crash as Traders Brace for End of Peak Demand Season

Consumption

Oil prices crashed on Thursday, extending their losses from the prior session as a larger-than-expected increase in weekly oil inventories, and the approaching end of peak oil demand season had traders readjusting their positions, anticipating future losses.

Oil futures declined 3% on Wednesday, to close at a three-week low, but the commodity managed to gain 7.5% over the month of August. Oil futures rebounded in August after falling into a bear market. The rebound was sparked after OPEC members indicated that they would have an impromptu meeting at the end of September, on the sidelines of a conference in Algeria to discuss stabilizing the market. Still, there is doubt that OPEC members will actually come to an agreement to cut, or even stabilize production to calm oil’s volatility.

While there was optimism early in August about a possible OPEC production cut, this turned to pessimism after Iran repeated that it would not freeze production until it reaches its pre-sanction oil output levels, while smaller OPEC members have already communicated their unwillingness to cap output. In addition, with oil rebounding since OPEC initially announced it would meet, some of the incentive to cap production has evaporated.

After August’s advance, September could be a tough month for oil prices. If OPEC members fail to act, traders will want to unwind their bullish positions. At the same time, the Labor Day long weekend officially marks the end of peak demand season for oil, and that could also add downside pressure to the commodity.

Oil futures were slightly higher in early trade Thursday, due to some bargain hunting, but losses ensued and then accelerated as trading progressed. At last check, in early afternoon trade, oil futures were down 2.8% at $43.44 a barrel.

www.economiccalendar.com



61 Comments on "Oil Prices Crash as Traders Brace for End of Peak Demand Season"

  1. dave thompson on Thu, 1st Sep 2016 1:34 pm 

    $43.44 per barrel is cheaper then $90.00 but still not what I would call cheap.

  2. Plantagenet on Thu, 1st Sep 2016 1:36 pm 

    The US hit an all-time high in gasoline consumption in July due to the oil glut and low gas prices

    China and India also hit all-time highs in oil use.

    No sign of peak demand yet.

    Cheers!

  3. Hello on Thu, 1st Sep 2016 1:41 pm 

    I always wanted a fast crash. This muddeling along is not to my taste.

  4. rockman on Thu, 1st Sep 2016 1:47 pm 

    “…extending their losses from the prior session…” And one more person who doesn’t understand that for every $ lost in the oil futures market someone made a $. Works that way whether prices go higher or lower. What actually happened was a change in the futures price bet on that day. And the only loses/gains that day were for those holding contracts expiring at the time. The Rockman neither gained or lost a $ because he didn’t sell any oil this week. His next selling price won’t be known until Sept 30.

  5. JN2 on Thu, 1st Sep 2016 1:53 pm 

    Hi Hello, Robert Rapier called it the “undulating plateau”. Sorry about the fast crash…

  6. Boat on Thu, 1st Sep 2016 2:12 pm 

    Hello on Thu, 1st Sep 2016 1:41 pm

    I always wanted a fast crash. This muddeling along is not to my taste.

    Lol, there was never gonna be a crash.

  7. Boat on Thu, 1st Sep 2016 2:20 pm 

    Plantagenet on Thu, 1st Sep 2016 1:36 pm

    “The US hit an all-time high in gasoline consumption in July due to the oil glut and low gas prices”

    To your point the eia upped world demand for 2017 from 1.2 to 1.4.

  8. peakyeast on Thu, 1st Sep 2016 2:30 pm 

    For the polish people the world war 2 started in ONE day. For everybody else it took some time.

    The same with peak oil: Suddenly one day things will collapse in one place. That collapse will alleviate the situation for rest – until it doesnt. Then another collapse.. rinse and repeat.

    Try telling Syrians, Libyans, Iraqis, Kurds, Venezuelans and so forth that there is no problem… Really do try. Tell them to not worry everything will be fine tomorrow when uncle sam has cleaned up the messes he created together with Europe.

    You will find that things are not getting significantly better in the world. But in many places its getting significantly worse.

    As said before: Collapse is here. It is just unevenly distributed. It is so easy to sit in one the rich psycho countries and say – oh everything is so fucking fine.

    It just shows a remarkable and sick ability to insulate oneself from reality.

  9. Hello on Thu, 1st Sep 2016 3:05 pm 

    peak

    There is no problem for syrians, libyans etc.

    They all got invitations to Merkel land.

    It seems to be a working strategy. Instead of building a successful nation out of your retarded 3rd world hole you simple start a war and then Merkel land invitations start to pour in.

  10. shortonoil on Thu, 1st Sep 2016 3:27 pm 

    “The US hit an all-time high in gasoline consumption in July due to the oil glut and low gas prices “

    Well, it might have — if the EIA could count:

    http://www.zerohedge.com/news/2016-08-31/truth-emerges-eia-admits-it-overestimated-crude-gasoline-demand-first-half

  11. shortonoil on Thu, 1st Sep 2016 3:49 pm 

    “As said before: Collapse is here. It is just unevenly distributed. It is so easy to sit in one the rich psycho countries and say – oh everything is so fucking fine. “

    It is part of the cannibalization process we have been talking about. The low hanging fruit would be picked first, and those are the reserves. Oil exporting nations are getting hammered as they are pumping reserves that they can not afford to replace. By our calculations the cost of replacing the average barrel is now $62, and the price will never again be high enough to make that economical. As existing reserves are worked out the “rich psycho countries” are going to be forced to come up with many $trillions to keep the necessary oil flowing. They will either come up with the money, or wind up back in the stone age.

    Now all that is needed is plan to save the oil industry. If they could spend $4.5 trillion to save the banks, $39 trillion to save the oil industry should be a piece of cake?

    http://www.thehillsgroup.org/

  12. onlooker on Thu, 1st Sep 2016 4:03 pm 

    http://www.zerohedge.com/news/2016-09-01/supply-chain-contagion-arrives-hanjin-bankruptcy-roils-global-trade-freezes-ships-ra
    Supply-Chain Contagion Arrives – “Global Trade” Roiled, Cargo-Owners Panic In Wake Of Hanjin Bankruptcy

  13. Apneaman on Thu, 1st Sep 2016 4:07 pm 

    Hello, I don’t give a fuck about Germans. Not one bit. In fact my country has been at war with them twice in the last century. Let em fucking burn!

  14. peakyeast on Thu, 1st Sep 2016 4:22 pm 

    @Hello: You are, of course, not serious.

    There is no working strategy – only the build-up to a civil war – which will just prove the point I was making.

  15. peakyeast on Thu, 1st Sep 2016 4:24 pm 

    @Hello: And Merkel that fossilized piece of crap-like stupidity – I hope there is an afterlife so I can find her and use the salami method on her on thinnest setting.

  16. Apneaman on Thu, 1st Sep 2016 4:31 pm 

    Seems this is not the first time there has been a major fuck up in an estimate by the EIA. There are probably all just honest mistakes – no conflict of interest or anything like that.

    EIA Cuts Recoverable California Shale Estimates By 96%

    http://www.businessinsider.com/eia-monterey-shale-2014-5

    Ex-Regulator Joining Lobby Skirts Revolving-Door Ban, Group Says

    http://www.bloomberg.com/news/articles/2016-01-12/ex-regulator-joining-lobby-skirts-revolving-door-ban-group-says

    Revealed: Former Energy in Depth Spokesman John Krohn Now at U.S. EIA Promoting Fracking

    http://www.desmogblog.com/2014/05/23/energy-in-depth-john-krohn-us-energy-information-administration

  17. peakyeast on Thu, 1st Sep 2016 4:48 pm 

    @Ape: Hey you are being a little hard on them this time. They only downadjusted 96% – not 99% which they did last time if I remember correctly.

  18. peakyeast on Thu, 1st Sep 2016 4:51 pm 

    And I completely agree that the cannibalization process is well underway. It is obvious…

  19. Cloggie on Thu, 1st Sep 2016 4:54 pm 

    “Hello, I don’t give a fuck about Germans. Not one bit. In fact my country has been at war with them twice in the last century. Let em fucking burn!”

    Your owners and colonial overlords the British used you to send you in a war in the interest of the British, not yours. You were merely a resource.

    Did the Germans attack, bomb, rape Canada?

    Do you ever do anything in your own interest, apey? Or do you merely spend your life waiting for orders?

  20. ghung on Thu, 1st Sep 2016 5:01 pm 

    “The Battle of the St. Lawrence involved marine and anti-submarine actions throughout the lower St. Lawrence River and the entire Gulf of Saint Lawrence, Strait of Belle Isle, Anticosti Island and Cabot Strait from May–October 1942, September 1943, and again in October–November 1944. During this time, German U-boats sank several merchant ships and four Canadian warships. There were several near shore actions involving the drop of German spies, or the attempted pick up of escaping POWs. Despite the 23 ships lost this battle marked a strategic victory for Canadian forces as ultimately they managed to disrupt U-boat activity, protect Canadian and Allied convoys, and intercept all attempted shore operations. This marked the first time that a foreign power had inflicted casualties in Canadian inland waters since the US incursions in the War of 1812[2]”
    https://en.wikipedia.org/wiki/Battle_of_the_St._Lawrence

    Your German Overlord Assholes couldn’t stay on your side of the pond, Cloggedhole, could they? It’s clear you have no idea how idiotic you appear to others.

  21. Cloggie on Thu, 1st Sep 2016 6:01 pm 

    “Your German Overlord Assholes couldn’t stay on your side of the pond, Cloggedhole, could they? It’s clear you have no idea how idiotic you appear to others.”

    Why don’t you speak for yourself?

    Look you little spleeny Brit with a US passport and a Muslim capital: Britain declared war on Germany on September 1, 1939, because they were pressured by the “Americans” into it:

    http://fotos.fotoflexer.com/2141aee9270ba15befc04a49ffe2c656.jpg

    And since Canada was at the time a British colony, it automatically was implicated and merrily bombed civilians living in German cities early on. According to Wikipedia one in six bomber commands were Canadian. So why do you whine about combat operations 3 years later near Canada?

    https://en.wikipedia.org/wiki/Military_history_of_Canada_during_World_War_II

    The best illustration that the Germans (and Chamberlain) were the last ones who wanted this war is illustrated by the fact that after September for 8 months *nothing* happened between Germany and Britain/France. It was the real war monger Churchill, paid by American and British Jews, who did everything he could to get the war escalated, a war that neither the Germans nor Chamberlain wanted. How? By starting to exercise pressure on neutral smaller countries like Norway and Holland and persuade them to abandon neutrality and be so foolish to let Churchill bring war to their countries, which is what happened.

    https://www.amazon.com/Hitlers-Preemptive-War-Battle-Norway/dp/1935149334/ref=sr_1_2

    It was Churchill who brought war to Scandinavia by attempting to intercept Swedish iron ore transports from Narvik to Germany using his navy. German intelligence intercepted the intent, causing the British, French and Germans to land in Norway on the very same day. But the initiative was British-French (read: Churchill). Denmark was implicated because of its location between Norway and Germany.

    When Chamberlain retreated from his post and Churchill became the new PM, the first thing he did was ordering the bombing of civilian targets in Germany. The Germans, who didn’t want this war at all, did *not* retaliate for three months until they no longer could avoid it without losing face.

    When the Germans had finally enough of the British-French provocations around Norway and knew that they couldn’t escape war any way and that on top of that the British and French had persuaded the Dutch and Belgians to allow free overpass for the British and French troops to attack the industrial heart of the Ruhr-area, they decided to strike back, hard.

    But again, when the British and French got their asses kicked, the Germans still wanted to prevent an all out escalation and let the British escape without bombing the hell out of them in Dunkirk and let them “advance to the coast” (Churchill’s words) as fast as their short legs would let them (my words). There never was a “Miracle of Dunkirk”, just Germans who wanted to end the war.

  22. ghung on Thu, 1st Sep 2016 6:05 pm 

    Clogged brain asked; “Did the Germans attack, bomb, rape Canada?”

    Yes, they did. No way around that fuckhead.

  23. Cloggie on Thu, 1st Sep 2016 6:19 pm 

    The upcoming US elections are followed intensely here in Holland. Just watched a weekly documentary made by a Eva Jinek:

    https://www.youtube.com/watch?v=Naosof3m5nA

    She is ethnic Czech, born in Oklahoma but her parents wanted to give her a European upbringing and moved to Holland when Eva was 10.

    She is travelling from West to East and gives impressions and interviews with ordinary Americans.

    Last week it started in Los Angeles and now she was in Arizona.

    The most important conclusion she has drawn was that almost every American is 1) very patriotic and 2) are extremely hostile against their government and call it a “necessary evil” at best, even the Democrats voters.

    This illustrates the situation America is in for a century: a huge nation of very individualistic people who have a hostile government but at the same time are unable to do anything about it.

    There were attempts like the Tea Party, but it wasn’t possible so far to change the system. And meanwhile the US government does what it wants.

    Here the famous Des Moines speech by Charles Lindbergh, agitating against the upcoming war:

    https://www.youtube.com/watch?v=K_F48oaOskI

    Lindbergh identifies three parties interested in pushing the US in the war with Germany:

    1. Roosevelt government
    2. British government
    3. The Jews

    The vast majority of the US public was not interested in being send into the war. Roosevelt had to wait until he had maneuvered the Japanese in having to deal the strike against Pearl Harbor in order to escape the strangulation from the US imposed oil boycott.

  24. Cloggie on Thu, 1st Sep 2016 6:20 pm 

    “Yes, they did.”

    Years after the Anglos started it, liar.

  25. makati1 on Thu, 1st Sep 2016 6:21 pm 

    Germany has was taken to war twice by megalomaniacs, wanting power and empire, in the 20th century. Now they have another megalomaniac picking a war with a nuclear country.

    I am 15 generations removed from my German blood by way of Austria, thank goodness! As Ap said, “Let em burn”.

  26. Cloggie on Thu, 1st Sep 2016 6:30 pm 

    Trump showed his skills the past few days by visiting Mexico and confirming that he would build the wall. Everybody in Mexico with a political opinion declared that the Mexican government had suffered a defeat on his own turf.

    When Trump returned to the US he held this robust speech outlining his “Iron Curtain style” border control:

    https://www.youtube.com/watch?v=oaF_NwVbIgo

    The American political system has changed irreversible. More than a century of bi-partisan stability has been thrown out of the window. The country has begun to drift.

    Or as ghungy boy has admitted himself: the NWO is losing the war.

    If we can be of any help burying you, ghung? Or do you refer a cremation?

    Greetings from Charles Lindbergh, from his grave.

  27. Cloggie on Thu, 1st Sep 2016 6:34 pm 

    “Germany has was taken to war twice by megalomaniacs, wanting power and empire, in the 20th century.”

    That’s your understanding that was pumped into your brain from your childhood, courtesy your masters in Washington. The truth is vastly different.

    WW1 was masterminded in London.
    WW2 was masterminded in Washington.

    In both cases the Germans were the hunted by the hunters Britain, France, Russia/USSR, USA.

    But tell me makati… where between 1933 and 2016 turned the US from a “good guy” into a “bad guy”?

  28. Apneaman on Thu, 1st Sep 2016 6:34 pm 

    Cognitive clog, go ahead and show me some metrics that demonstrate the British have done better than Canada since WWII ended. Good fucking luck. While they were still rationing food and fuel for another decade, Canadians were eating steak every night and enjoying the highest standards of living in the history of humanity. The average Brit and most Europeans did not approach the ease of life here until the 1980’s. Like America, Canadian industry was intact and the country was full of resources and veterans who they wisely put to work. If the British were our overlords then they were either the most generous or retarded overlords ever. Most of the people on this planet would do anything to live the life of ease and security I have had. Undoubtedly it’s all going away, but I’ll still be eating steak while you Euro-tards will be living under Sharia law and hoping we show up to save you yet again.

  29. Cloggie on Thu, 1st Sep 2016 6:36 pm 

    WW1 was masterminded in London in 1891.
    WW2 was masterminded in Washington in 1933 and in the USSR since 1922.

  30. Cloggie on Thu, 1st Sep 2016 6:42 pm 

    “Cognitive clog, go ahead and show me some metrics that demonstrate the British have done better than Canada since WWII ended. Good fucking luck.”

    They didn’t. As Chamberlain stated: Britain was used by international Jewry and was pushed in the war against the British interest by paid stooge Churchill.

    “If the British were our overlords then they were either the most generous or retarded overlords ever. ”

    I am not going to prove to your that Canada was a British colony, that’s the task of the Canadian school system. the point was that Canada was out of range of German bombers in contrast to Britain.

    The Anglo war effort was very shallow. War effort:

    USSR 80%
    USA 15%
    UK 5%

    The Anglos were catapulted into planetary pole position on the cheap… and will lose it on the cheap.

    WW2 was in essence a war between the giants Russia and Germany. The Anglos were mainly bombing kids from great altitude and showed up when the war was already almost over, just in time to colonize the most valuable part of Europe.

  31. Cloggie on Thu, 1st Sep 2016 6:46 pm 

    “Undoubtedly it’s all going away, but I’ll still be eating steak while you Euro-tards will be living under Sharia law and hoping we show up to save you yet again.”

    I think Merkel is over next year and Europe will stop being a colony if Trump wins. And if he loses.

    And these Muslims will be kicked into the Orient Express on a single ticket. Just like the Jews. Oh and say hello to your new Chinese overlords. It’s something new after the British and Americans.

    From a different topic: here an illustration of how important the Orange Order once was in Canadian life:

    https://www.youtube.com/watch?v=rqu26T_txdQ

    Do you also participate in the yearly Orange Parade, apey?

  32. makati1 on Thu, 1st Sep 2016 7:02 pm 

    Cloggie, perhaps you are the brainwashed one. Wars may be wished by others, but declaring them and moving troops is an internal decision of the country going to war.

    I use the current situation as example:

    The US/West has used the Ukraine to try to get Putin to invade and start WW3. Putin ignored the West’s wishes and frustrated the Imperial will. If he stands his ground, the Ukraine will soon self-destruct and the West will lose.

    WW1 was a tribal war waiting for an excuse to happen. WW2 was a grab for power and land by a very willing citizenry. Wars cannot happen unless the citizens support it.

    In both wars, the Us did not get involved until the enemy was seriously weakened and American deaths would be minimal. It has not “won” a war or even a serious skirmish since then. Russia won the 2nd World War, not the West and certainly not the US. But then, you will not hear that in any Western classroom.

  33. Apneaman on Thu, 1st Sep 2016 7:10 pm 

    ghung, good one, although I’m not surprised as it’s been my experience that US military people and military buffs know more about Canadian military history than today’s average Canadian. I have seen this online and in person when I lived in the US.

    Ever hear of the “First Special Service Force”? Very interesting piece of Can-US military history. They made a cheesy movie out of it back in the day.

    First Special Service Force

    “The 1st Special Service Force (also called The Devil’s Brigade, The Black Devils, The Black Devils’ Brigade, and Freddie’s Freighters),[1][2] was an elite American-Canadian commando unit in World War II…”

    https://en.wikipedia.org/wiki/First_Special_Service_Force

  34. Cloggie on Thu, 1st Sep 2016 7:24 pm 

    “Cloggie, perhaps you are the brainwashed one.”

    I maybe wrong but I am defending a position that is not common, in contrast to most here, who follow the “Schindler’s List” propaganda line.

    “The US/West has used the Ukraine to try to get Putin to invade and start WW3. Putin ignored the West’s wishes and frustrated the Imperial will.”

    Exactly!!!! 100 points!!!

    But this game was played in 1939 as well. The difference was that Hitler did invade, where Putin, an avid student of history, did not.

    The Americans tried to apply the same trick they successfully applied in 1939 to get the war started.

    If you replace:
    Poland with Ukraine
    Germany with Russia
    Danzig/Posen with Donbass/Crimea
    Hitler with Poland
    Roosevelt with Obama
    Allies with NATO

    …you have exactly the same situation.

    America in March 1939 had exercised great pressure on both Britain and France to make them sign a war guarantee against Germany in support of Poland.

    When that was done, the Americans secretly began to incite the Poles to not give in to reasonable German demands over Danzig and the Corridor. The Poles, who thought they were backed by the US, UK and France became obstinate against the Germans and even began to persecute the Germans forced to live in Versailles Poland. When Germany finally intervened there were already 100,000 German refugees who had fled to Germany proper.

    Interestingly, in 2009 Russia accused out of the blue that Poland was responsible for WW2:

    http://www.telegraph.co.uk/news/worldnews/europe/russia/5445161/Russia-accuses-Poland-of-starting-Second-World-War.html

    In 2014 you had exactly the same situation in Eastern Ukraine. There were Russians living in Ukraine and since Euro-Maidan, Ukrainians had become hostile against Russia and Russians living in Ukraine. They were looking for help from Moscow, but Putin knew what had happened to Hitler in 1939 (become embroiled in a major war) and he simply didn’t take the bait and did not fight Kiev in Donbass. The operation in Crimea was carried out in stealth, without bloodshed and papered over with a referendum, the outcome of which nobody challenged.

    “WW1 was a tribal war waiting for an excuse to happen.”

    Not true. WW1 was carefully planned by Britain since 1891, that had setup an alliance system with France and Russia, with the aim to destroy Germany, that had become a too strong a competitor for Britain. For details:

    https://www.amazon.com/Hidden-History-Secret-Origins-First/dp/1780576307/ref=sr_1_1

    Just like America wanted a New American Century (not going to happen) with that PNAC program, the British wanted also a New British Century after the 19th had already been theirs.

    But modern history shows that every geopolitical dog merely gets one century:

    http://www.zerohedge.com/news/2016-06-12/nothing-lasts-forever

    “WW2 was a grab for power and land by a very willing citizenry.”

    Any war is a grab for power.

    “Wars cannot happen unless the citizens support it.”

    Not in a dictatorship like the USSR. And the British and French were near defecting in 1917 until the Americans joined their ranks.

  35. makati1 on Thu, 1st Sep 2016 7:32 pm 

    But the decision to “secure land and resources” by invasion, was still that of Germany’s leaders and citizenry, NOT the outside forces supposedly put upon Germany by the West. Hitler’s lust for Russia’s resources was the reason for the invasion of Poland and, eventually, Russia.

  36. Cloggie on Thu, 1st Sep 2016 7:34 pm 

    “WW2 was a grab for power and land by a very willing citizenry.”

    So who according to you “grabbed power” and “which land”?

    Are you saying that Germany wanted to incorporate entire Poland?

    They didn’t. There was a conflict over the 97% German city of Danzig, administered by the League of Nations and a railway line that should connect Germany with Eastern Prussia.

    That was it. But the Poles were looking for war. The mobilized months before the Germans did. They not merely wanted Danzig but also Eastern Prussia. After the end of the war, the Poles carried out their initial intention and cleansed 15 million Germans from Eastern Prussia and from Posen and killed three million of them in the process. The truth is that Poland already had that intention in 1939 and felt encouraged by the Allies to actually begin with ethnic cleansing.

    Mark my words: Putin-Russia will confirm this explanation of events after the end of the American Era, when the Paris-Berlin-Moscow confederation will be created. And they will open their archives on the holocaust.

  37. makati1 on Thu, 1st Sep 2016 7:35 pm 

    Don’t worry, Cloggie, if the West manages to start a war with Russia (little chance) in Europe, your country will be under the nuclear cloud along with that of American cities and most of Europe.

  38. Cloggie on Thu, 1st Sep 2016 7:51 pm 

    “But the decision to “secure land and resources” by invasion, was still that of Germany’s leaders and citizenry, NOT the outside forces supposedly put upon Germany by the West. ”

    That’s right, but it was not lust for conquest… the situation around Danzig could wait indeed. But the real reason why the Germans invaded, were forced to invade Poland, was to come to the aid of the persecuted Germans forced to live in Versailles Poland. Already 100,000 Germans had fled persecution form the Poles.

    Read:

    https://www.amazon.com/1939-War-That-Many-Fathers/dp/144668623X/ref=sr_1_1

    “Hitler’s lust for Russia’s resources was the reason for the invasion of Poland and, eventually, Russia.”

    There was absolutely no German “lust” to invade Russia. Read:

    https://www.amazon.com/Chief-Culprit-Stalins-Grand-Design-ebook/dp/B00BKRWZIM/ref=sr_1_1

    The Germans invasion was an act of despair. In reality in May 1941, the USSR was secretly in a state of complete mobilization from Siberia to Smolensk. Stalin had planned to attack Germany and the rest of Europe on July 10 en the entire Soviet system had prepared for that assault since the twenties. The Germans detected the mobilization and realized they had the choice between being hit first by the Soviets or deal the first blow itself. They choose the latter, a move Stalin did not anticipate. It was only thanks to that decision that the Germans almost reached Moscow before the Soviets had recovered and began to push the Germans back.

    There was no German lust for conquest, there was a Soviet lust for conquest.

    But don’t believe me, I might me a “neo-nazi”.lol

    Believe your own people. Before the Nuremberg trial began, there was a preparation meeting in London on July 19, 1945. Justice Jackson had to confess to his Soviet, British and French partners that he had a little problem:

    http://avalon.law.yale.edu/imt/jack37.asp

    “MR. JUSTICE JACKSON. I really think that this trial, if it should get into an argument over the political and economic causes of this war, could do infinite harm, both in Europe, which I don’t know well, and in America, which I know fairly well. If we should have a prolonged controversy over whether Germany invaded Norway a few jumps ahead of a British invasion of Norway, or whether France in declaring war was the real aggressor, this trial can do infinite harm for those countries with the people of the United States. And the same is true of our Russian relationships. The Germans will certainly accuse all three of our European Allies of adopting policies which forced them to war. The reason I Say that is that captured documents which we have always made that claim-that Germany would be forced into war. They admit they were planning war, but the captured documents of the Foreign Office that I have examined all come down to the claim, “We have no way out; we must fight; we are encircled; we are being strangled to death.” Now, if the question comes up, what is a judge to do about it I would say that, before one is judged guilty of being an aggressor, we must not only let him deny it, but say we will hear his case. I am quite sure a British or American judge would say to a defendant, “You may prove your claim”, unless we had something like this which says, “No political, military, or other considerations excuse going to war”. In other words, states have got to settle their grievances peacefully. I am afraid there is great risk in omitting this, and I see no risk in putting it in. It may be criticized, but I see no such risk in putting it in as in leaving it out. We did not think it necessary originally, but more recently we have.”

    Please let this sink in: the chieftain of the Nuremberg tribunal, the one who had access to all German archives, had to confess to his colleagues that he could not find anything incriminating against the Germans. All he found was that the Germans felt encircled by the Allies and that they were strangled to death.

    This damning piece of Anglo text proves the innocence of the Germans of waging aggressive war against anybody. It was a war entirely enforced against them by an overwhelming force majeure, hell bend to destroy Germany and colonize Germany and the rest of Europe and divide the European loot between the two new kids on the block USA and USSR, using Churchill-Britain as a catalyst and Poland as useful idiot to get the desired war started.

  39. Cloggie on Thu, 1st Sep 2016 7:53 pm 

    “Don’t worry, Cloggie, if the West manages to start a war with Russia (little chance) in Europe, your country will be under the nuclear cloud along with that of American cities and most of Europe.”

    I am not really afraid of that. When even folks like Brzezinski openly begin to declare that the US empire is dead in the water, perhaps there is a chance that the empire can be dismantled peacefully and the US troops go home, like the Soviets did.

    http://www.counterpunch.org/2016/08/25/the-broken-chessboard-brzezinski-gives-up-on-empire/

  40. Cloggie on Thu, 1st Sep 2016 7:58 pm 

    Bedtime for cloggies.

  41. Apneaman on Thu, 1st Sep 2016 8:59 pm 

    Cognitive clog will you ever make up your mind about who the overlords are? Is it the British or Americans or Chinese or the Jews? Seem like a lot of contradictions, which is par for the course in conspiracy tards.

    BTW, in how many Canadian cities do they hold these Orange parades in? I have only ever heard of it as a Toronto thing. I have never heard of one in Vancouver. Gay pride is the biggest parade in Vancouver as far as I know.

    I don’t do parades. Do you go to the annual “Liberation Day” parades in the Netherlands to thank Canada and the dead and wounded Canadian soldiers for liberating your grandparents, parent and you from starvation and the Nazi boot and then sticking around to save you from the commies?

    Vets depart for last big celebration of Dutch liberation
    70 years after Canadians liberated the Netherlands from Nazi occupation, more than 100 veterans will head to Holland to mark history.

    https://www.thestar.com/news/canada/2015/04/30/vets-depart-for-last-big-celebration-of-dutch-liberation.html

    Seems like you have overstated again or more like pulled another one out your ass.

    “Every mayor of Toronto in the first half of the twentieth century was an Orangeman. This continued until the 1954 election when the Jewish Nathan Phillips defeated staunch Orange leader Leslie Howard Saunders.”

    https://en.wikipedia.org/wiki/Orange_Order_in_Canada

    So it looks like your Jewish conspiracy trumps and/or contradicts your Orangemen conspiracy – go figure?

  42. JuanP on Thu, 1st Sep 2016 9:38 pm 

    Cloggie, Assuming that you meant to say if you replace Hitler with Putin, I completely agree with the interpretation of history you expressed at 7:24 pm. As you correctly pointedout, this is not the version of history accepted by most people in the Western world. I have read different versions and believe that the one you described is the truth. This is a very controversial view in the USA and it is considered politically incorrect to hold these views here. I don’t care about that because I am not concerned with political correctness.

  43. Sissyfuss on Thu, 1st Sep 2016 10:54 pm 

    I’m beginning to believe Cloggedbunghole is a closet Nazi. Nowhere in his rants does he mention Hitler and his butchery, only the evil of Churchill and his American cohorts. I bet he has swastikas tattooed on each butt cheek just below the phrase”Insert Here.”

  44. rockman on Thu, 1st Sep 2016 11:28 pm 

    Damn girls. By the time I finished skimming all the posts I had to go back to the top to remember this f*cking thread was about the change in oil futures bids. Free speech is OK but sometimes you get what you pay for LOL.

  45. Apneaman on Fri, 2nd Sep 2016 1:30 am 

    Juan, I don’t believe any of these Manichaean versions of history – it’s always complicated, but the idea that the “Prussians” were not aggressive is laughable. Ever study European history? They have all taken turns at conquering and slaughtering each other and those that could built empires in the age of exploration. Clog’s Dutch used to be quite the slave traders. The minute they obtained the ships they went all over the planet subjugating as many people as they could. They even fought over who got to conquer who. Roman empire, British empire, Spanish empire, Swedish empire, Russian Empire, Austro Hungarian empire, French empire, the Vikings, the Goths, the Franks, The Vandals, The Normans and on and on and on as far back as history goes and you know damn well it was going on long before that. Probably wiped out the Neanderthals as soon as they got their numbers up. You know what guys like cloggie are really pissed about? That they lost……twice in a row and were punished harshly afterwards. Which is how it always works and is the same shit they been doing to each other for thousands of years. Europeans can’t stand the fact that they have been overtaken by the new world which was started by the old european rejects. They jealous. Many Muslims still hate Europeans for the crimes of the crusades and visa versa. Muslims are still pissed at the Mongols for taking them apart in the 13th century. Many Southerners are still angry with the north in the US over a war that ended in 1865 and some are chomping at the bit for another go. “The South will rise again!” This is the same everywhere. Humans are fucking savages and those that can do.

  46. Cloggie on Fri, 2nd Sep 2016 4:36 am 

    @JuanP – “Cloggie, Assuming that you meant to say if you replace Hitler with Putin,”

    Yes, typo.

    @rockman – you are completely right of course by noticing that threads are hijacked by topics where blank nerves are hit but for the rest have little to do with oil. On the other hand you have to admit that “peak oil” is getting a little tired and that it is not easy to stay on topic with an event that might as well occur in 2030… and may be irrelevant by that time because of renewables, methane ice, fusion, burning subsea coal or whatever. TheOilDrum.com or Peakoil.nl did not go out of business for nothing. And this site has sensed that if you want to remain lively, you have to “diversify” and broaden the topics and pay attention to social developments as well (Kunstler, Orlov, geopolitics, Brzezinski, anarchists “spank you very much”, Infowars rightwingers, etc.).

    In 2016 we are in the unique situation that every computer in the developed world is interconnected and that people from the Philipinnes, Ozarks, Miami, Apalachians, Texas, Holland, Vancouver, Denmark, etc. can freely exchange ideas, usually picked up from books read earlier. This undermines completely the status quo of accepted ideas, as created by the MSM, who merely represents the interests of those in power and not the historic truth.

    There are many her in love with the idea of “collapse”, any collapse will do.lol Peak oil, climate change, overpopulation, WW3, food shortage, dumbing down of the planet, the list is endless. This thread represents yet another potential collapse: the narrative of the story of what exactly happened during the 20th century: WW1, communism, nationalism, WW2, holocaust. The official narrative is the one as presented by the victors in Nuremberg and even a child will understand that the produced narrative was entirely in the interest of the victors. Meanwhile in 2016, former ally Russia has been pushed into the defensive and is portrayed by the West as an enemy (because Putin resists becoming yet another meek member of the NWO). We have already seen earlier that Putin is prudently pushing information that runs contrary to the official pc narrative. In 2009 the Russian defense ministry published a story (see link above) that blamed Poland, not Germany for the outbreak of WW2. Furthermore, he even went further and confirmed what the likes of Hitler and David Duke had said all along, namely that “communism was Jewish”:

    https://youtu.be/7bSAB5OPkwQ

    It is almost hilarious how uneasy Putin looks when he lifts the veil over the most political incorrect topic imaginable. Because if that idea would be accepted, the actions of the Germans vis a vis the Jews would be shown in a completely different light. Why should you not deport the Jews back to the Ukraine, where they had come from 100 years ago, if the alternative is that they will organize communism on your soil and put the best Russians/Germans into the Gulag to be slaughtered?

    The point is that Putin in 2009, when relations between Russia and Germany were still good, was hinting that he would be willing to let the Germans of the hook, open the war archives and rewrite history, putting the Germans in a more favorable light… in return of Russia becoming a fully-fledged member of Europe. Politically. That is a “Euro-Siberian confederation” build around Paris-Berlin-Moscow axis:

    https://keeptonyblairforpm.files.wordpress.com/2012/01/putin-schroder-chirac-sharealaugh.jpg
    (Putin & Schroeder laughing with Chirac joking about British food. Those were the happiest days in the political life of Putin until the neocons sabotaged the relationship from becoming too cosy and intervened in Euro-Maidan and that useles c*** Merkel played along with the Americans).

    But Putin has not yet given up on Europe. He feels very uneasy about being pushed into the arms of China. Putin doesn’t want to be a junior partner of the US lead West but a full member of a Euro-Siberian coalition. Furthermore, everybody is noticing what is currently happening in the US around the upcoming election: the European-Americans are preparing themselves for distancing themselves from the NWO agenda of Washington, even before Brzinski did. They back Trump when he says he wants good relations with Russia rather then trying to subjugate Moscow like happened between 1991-2000 with these oligarchs. European-America is readying itself for stepping down from hegemony attempts and wants to retreat, mind its own business and wants Europe to defend itself.

    The end result could very well be a realignment of the “white Christian world” in Europe, Russia and America, that will begin to see itself as a distinct “culture circle”, that commonly needs to defend itself from becoming overrun by the rest of the world and needs to seek balance with the coming super power China.

    Add this to your collapse repertoire.lol

  47. peakyeast on Fri, 2nd Sep 2016 4:41 am 

    The only thing I know about geopolitics is that ordinary people are never going to know all of the evil and manipulation and true reasons behind them.

    We might accidently stumble onto the truth, but we will never know for sure.

    Another things I feel fairly sure about – is that no ordinary people ever started any war and went there to die in it – it has always been done by the powerful, wealthy elites at the expense of the poor.

  48. Cloggie on Fri, 2nd Sep 2016 4:47 am 

    “You know what guys like cloggie are really pissed about? That they lost……twice in a row and were punished harshly afterwards. ”

    Well, officially the Dutch were the “liberated” and we were the good guys. So I do not know what you mean with “we”.

    But yes, I am indeed too proud, too aware of the imense European heritage to have peace with the idea that we are somebodies colony, especially not being colonized by a f* former colony.lol It is just like with socker competition: if you don’t win this year, perhaps next year.

    On a positive note: I do *not* feel hostile towards Americans. For starters because we cannot afford to make enemies out of them.lol But also because of the shared heritage. If we only could make European-Americans feel more European rather than “exceptionalist” the problem would be solved. My reading of what currently is happening in the US is that precisely that could happen, namely that European-Americans have enough of mass migration to their shores and that they will abandon their American proposition identity, as defined by the likes of SPLC, ADL, the media and the rest of the Sanhedrin and that they could redefine themselves explicitly as European-Americans (working title: Amerikaner) and will reconnect with their ancestral European culture and become a partner of Europe on a more equal footing. The Trumpian wall will become a symbol of just that.

  49. Davy on Fri, 2nd Sep 2016 7:49 am 

    I am not sold on the idea that the rehashing of the 20th century contributes to our mitigation of collapse in the 21st. I especially am not buying into the history revisions that justify what occurred in the 20th. We can rewrite history in a few lines but please write a volume of works of what happened to the developing global world in the 20th century. These alternative histories usually get swept away in the boring and mundane of pages of facts. Conspiracies are so exciting and liberating but like most drama they are for consumption. People who live within conspiracies are dreamers. They think they can make Hollywood real and respectable.

    I am embracing a new age of destructive change. I am not looking back except to say most everything about modern man was wrong. No not everything as far as little normal things like basic health. We have learned many good things along with way but the cost have been high. We are now in a trap. This trap is a macro global catch 22 with no solution. We die off if we do, we die off if we don’t are the options. Of course we are going to have these history revisions and conspiracies because they are more ways of bargaining. We complain because we think we have options. If we try hard enough we can blame and complain our way out of this trap. Anti-Americanism and history revisions are a joke. They are not a joke because these ideas are necessarily wrong, they are a joke because they serve no purpose. What is the purpose of pointing fingers when you are starving? The best thing to do is start trying to find food. Anyone that thinks finding who is to blame needs to go back to the mythical Adam. Personally the Europeans are to blame and I am Prussian and Czech ancestry so I am to blame.

    If I embrace this talk sometimes it is because this board is full of revisionist and anti-Americanism like it matters. We are in a global system beyond change except to collapse. In the collapse process let’s say China and Russia form an alliance against the Americans and their allies. Let say they win in this imaginary war, what will proceed this? What will proceed this is a hastened collapse in which 2/3 of the Russians and Chinese die. Of course the American will have died off or will die off. It will be a global die off. The simple fact is we are all in overshoot on a lifeboat. Trying to bargain our way off that boat in the many varied and complicated ways we moderns do is folly. People on lifeboats think this way after too much sun and lack of water. It is called mirages and that is what our history revisions and blame and complain are. We have so many ways to lie to ourselves. Technology is one way and cultures is another.

    In this new age initially and for a very short time there will be winners and losers but in the end we all lose. In fact the winners will be the losers because they will inherit the worst of what is left. Better to die early and avoid the worst horrors. In the immediate collapse there will be those who are able to kick the others off the lifeboat. I can imagine the rich west and those spots in Asia where they can manage population overshoot doing this for a time. They will turn into Byzantine fortresses. That is if the rich world does not kill itself in competition. The US, China, Europe and Russia will be destroyed in a NUK war. Do you want to be the survivors in that kind of aftermath?

    This new age I preach is about decline, deflation, and dysfunction. Adapting to this new reality is all important. It no longer matter how we got here. History is irrelevant except that all of the 20th century is no null and void going forward. You can’t use the same logic to solve the problems that logic created. This is why I reject the 20th century. We can learn nothing from it except it was wrong. We can embrace those cultures that rejected the 20th century to find true enlightenment. Most of all we can embrace death. We can leave the denial of death. We can rearrange our lives to accept death. Death is going to be everywhere and it will be Natures handmaiden of change. The death should become your friend. Not because you like it or should follow it immediately in suicide but because if you befriend death you can learn from it and maybe buy some life from it. Get used to it

  50. Cloggie on Fri, 2nd Sep 2016 8:41 am 

    @Davy – it is impossible to understand the present without having a grasp of history. To understand the developments in the Middle East, you have to understand what happened in the 7th century.

    To understand what is currently happening in the Ukraine, you have to consider centuries of Kiev-Rus, but also communism, Stalin and the Great Famine.

    To understand what soon is going to happen in the US and the struggle about the identity of the US between the Constitutionalists (read: European-Americans) and the Globalists / Exceptionalists, you have to understand history.

    It could very well be that in the near future we will be having a lot of time at our hands, like in the thirties, for instance for studying history, because maintaining life at a low level doesn’t require much time, other than picking beans from your garden.

Leave a Reply

Your email address will not be published. Required fields are marked *