[americandream]

The Brit imperial class invented the House of Saud, got them managing (nominally) the worlds major energy store, have Western companies doing the extraction. The Saudis are next to fukkin useless in business but good at playing imperial overlords. They have a long line of equally dumb nations at our beck and call. The only thing wrong with this picture are the Jihad jocks. Other than that, I would say energy security is not sending the markets into a meltdown. The hikes over the past decade were related more to the world coming to terms with a huge expansion in oil needs....China. That is now in the mirror, capacity has come on line and is clearly there. I noticed Rockman has just added costing issues into the picture and yes, that is a given as reserves become more costlier to juice out. That will add pressure on the global system for efficiencies and innovation, deflation and competition. And new markets. To consider that capitalism is maxed out simply because we are arriving at energypotimisation, EVEN WHILST there is ample labour surplus in the system to ride us through for a while yet is to delude yourself, again. The issue really is whether we can innovate fast enough to find replacement resourcing.

The only real concern now is this Jihadism which is getting too big for its boots. We need to read the riot act here.

[ennui2]

$this->bbcode_second_pass_quote('pstarr', 'S')A is drilling like crazy now also but going essentially nowhere.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'S')o not only is the global reserve base declining about 300 BILLION BBLS every decade the expense of replacing those reserves has increased to the point that oil had to rise more the 300% above it historic average. And that was primarily in just the US which had the capital access and infrastructure to take advantage of the higher price. But now we've returned to the historic price level. How long will the price hold here? No one can predict. But one can easily predict that the rate of new reserves that we've seen added to the global base won't be seen again until the price of oil increases dramatically. In the mean that decline continues to reduce the reserve base about 30 BILLION BBLS PER YEAR. By comparison the 3.5 BILLION BBL decline per year by the KSA doesn't seem very significant IMHO.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'W')hen is the final dip, rock? Didn't you once predict 2015? Do you stand by that? Has world oil production entered into its final decline? How about you RM?

[americandream]

$this->bbcode_second_pass_quote('rockdoc123', ' ')Predicting a final decline I believe is a mugs game until we understand how the whole shale piece will play out.

[americandream]

I am gonna meet you guys here in 2020, this month this day. Globalisation will be on target, liberal (proper) capitalists will be leading the charge, Islam will have been neutralised and the climate issue will be causing profound changes in open source style business.

I am going to meet you guys here and say, Bah, I told you so and I expect an apology from you fellows.

[ennui2]

Islam will be neutralized? Now that's wishful thinking for you. Have you been to too many Trump rallies or something?

I doubt you'll remember this prediction a week hence let alone 4 years.

[Ibon]

$this->bbcode_second_pass_quote('americandream', '
')
I am going to meet you guys here and say, Bah, I told you so and I expect an apology from you fellows.

[americandream]

$this->bbcode_second_pass_quote('dohboi', 'N')ewf, good to hear that you're getting better sleep hours in--very important!

As to Minnesota, while most of rural Minnesota continues to be white, the cities and many suburbs have considerable populations not only of African Americans, but also Native Americans, Asians (we have one of the largest Hmong populations in the country), and East Africans (my neighborhood is sometimes called the Mogadishu of the Midwest. I hear Somali spoken pretty much everyday here.

There are certainly many here that feel threatened by and even quite hostile toward Muslims here, so I was actually surprised at how poorly the Drumpf did here.

Anyway, happy sailing, whenever you get away. May the risings seas always lift you closer to the heavens! :)

[americandream]

For the uninformed.

Reformation does not come through how many letter boxes you discard from your womans wardrobe as she is liberated to wear bikinis. That is an effect, like gay reform. A social function of an economic imperative. Symbolic for the kufar host and nothing more unless accompanied by economic reform. Reformation of economics....end of debtors prisons, the liberalisation of debt or usury, reformed property laws and of course, the emergence of strong tertiary markets.

Much of the world is at best mercantilist but catching up fast with the London/NY circuit of capital. Islam however remains resolutely feudal. These people are at best playing a game with you out of either neighbourliness or neighbourliness.

[Hawkcreek]

$this->bbcode_second_pass_quote('americandream', '')$this->bbcode_second_pass_quote('rockdoc123', ' ')Predicting a final decline I believe is a mugs game until we understand how the whole shale piece will play out.

[americandream]

$this->bbcode_second_pass_quote('Hawkcreek', '')$this->bbcode_second_pass_quote('americandream', '')$this->bbcode_second_pass_quote('rockdoc123', ' ')Predicting a final decline I believe is a mugs game until we understand how the whole shale piece will play out.

[americandream]

As I perfect my understanding of the markets, I begin to realise what Marx and Adam Smith meant. Both from different points of the material perspective but remarkably close when it came to the big picture. These little intellectual minnows have no idea what lies behind evolution....no idea. We have only just started on our precarious journey.

[americandream]

$this->bbcode_second_pass_quote('GASMON', 'D')on't argue with engineers AD - you will loose. Engineers (not money) RUN the modern world.

Gas

[americandream]

Don't underestimate enlightened capitalists. We will not sit around like impotent fools and watch incompetent tosspots destroy our kids futures with stone age ideas and nonsensical voodoo.