[Eli]

Yup that is it.

I read something from him on WND. which leans to the right a little.

It does not really matter what is politics are he is still full of it. I am not going to waste my time (wasting my time right now actually) on some supposed expert oil trade who says the Saudis are screwing us over.

He may have made money as commodities trader but that does not mean he is an expert on oil. He should attack all the independent oil companies too they are screwing us all by having total liquids decline by 6% year over year.

[Eli]

Yup that is it.

I read something from him on WND. which leans to the right a little.

It does not really matter what is politics are he is still full of it. I am not going to waste my time (wasting my time right now actually) on some supposed expert oil trade who says the Saudis are screwing us over.

He may have made money as commodities trader but that does not mean he is an expert on oil. He should attack all the independent oil companies too they are screwing us all by having total liquids decline by 6% year over year.

[efarmer]

It sort of make one wonder if the KSA knows that we are supposed to get their petroleum. Surely in the 70 years we have been active in their oil fields and partnered with them we have dropped a hint or two.

I think if they feel our money is second class or that our military umbrella is not reliable, we can kiss "our oil in their ground" goodbye.
It is after all trade and not manifest destiny if I remember it correctly.

"Whoever thought our two favorite inventions, fire and the wheel, would get together and kick our ass."

[PeakingAroundtheCorner]

$this->bbcode_second_pass_quote('Fishman', 'C')heck the source, Huffington Post is a loony far left post. Wouldn't worry about them much, as they lean to the far left they tend to whine much and do little. Peak oil will hit the left far worse, can't maintain all those folks under a nanny state unless plenty of money is rolling in the system, might actually have to take care of yourself and family, and OH MY GOD, be responsible for your own actions.
Or, maybe Huffington Post is correct.

[Zardoz]

Fishman, do you realize how often you use the term "nanny state"?

[deMolay]

http://www.atimes.com/atimes/China/JL09Ad01.html

[wisconsin_cur]

I have noticed a lot of links to news stories, begun by many different people, with not even a tease to let us know what the story is about. While we do not want to quote the whole story, it might be a good idea to:
1. highlight a bit of the article,
2. right click,
3. press "copy,"
4. come to po.com,
5. right click,
6. press "paste,"
7. and then use the quote function.

It only take a few seconds once you get use to it and it accomplishes two things:

A) those who might be interested are more likely to click through and comment on the issue.
B) We will not run a foal of the Code of Conduct

$this->bbcode_second_pass_quote('', '3').1.5 Copyrighted material: All comments are the responsibility of the poster. Posters have a responsibly to obey copyright laws for their home nation and state. Please do not post entire copyrighted articles. If you wish to reference an article, provide a short, quoted excerpt with a link back to the original source.

[deMolay]

Did you read the Headline at all?

[Ludi]

I'm admittedly extremely dim when it comes to the economy, so I hope you'll cut me some slack if this is a stupid question:

Folks here at po.com like to talk about the coming great wars over resources and collapsed economies, but my question is, if your economy has collapsed, how do you fund great wars? How will these massive resource wars be paid for? The current resource wars in the Middle East have been hugely expensive, and they are not on any kind of massive scale.

Total Cost of Wars Since 2001

$937,451,740,132

http://costofwar.com/

[Kristjan]

I'm not going to pretend to know the future but from having read books on economics and history I would say the most likely scenario is running huge fiscal deficits. Economies of the world haven't collapsed yet and governments around the world are able to raise funds by selling bonds to foreigners and banks. During war and economic depression, I would expect these bonds to be sold primarily to the country's own citizens (and banks). The British-Napoleonic wars were financed with bonds as were the First and Second World War (this is just a small example of wars financed by debt, I'm sure you'll be able to find more from history books or the web). The secondary aim of war bonds is to remove money from circulation to prevent inflation, which is something Banana Ben sure would enjoy.

[Ludi]

But if the world economy has collapsed from Peak Oil, who will be lending money?



If you have no money, how do you buy a bond?

[Gerben]

Wars are not that expensive. Guns are not expensive, nor are bullets. The poorest african nations can afford to fight wars. It's the jets, tanks and artillery that make it all expensive. Just send people with guns and accept that half of them will not survive.

[Prince]

It will be funded in the same way wars prior to WW1 were funded--through the sacrifice and expendability of the working poor and the proletariat. Such practice was common going back several centuries, and I believe it will return once energy costs pass the breaking point in which a gallon of oil is worth more than a life. What does this mean? In so many words, instead of spending ~ $1 trillion to fight wars where only a few thousand men die, we spend millions of dollars and let thousands or millions of people will die.

I also believe the so-called 'war on terror' is a special case, in that the cost of the war does not necessarily reflect the (a) long-term benefits and (b) intended costs when the war was initiated. By benefits, I am referring to oil. Clearly the war on terror had, at least, something to do with securing oil fields and US authority in the Middle East. However, I don't the powers that be ever expected the costs to go this high and for this long. They expected these countries to roll over and renounce their sovereignty; nine years later, this still hasn't happened.

[Ludi]

I guess I'll find it more plausible when the draft is reinstated....

[Kristjan]

$this->bbcode_second_pass_quote('Ludi', 'B')ut if the world economy has collapsed from Peak Oil, who will be lending money?
If you have no money, how do you buy a bond?

[rangerone314]

$this->bbcode_second_pass_quote('Prince', 'I') also believe the so-called 'war on terror' is a special case, in that the cost of the war does not necessarily reflect the (a) long-term benefits and (b) intended costs when the war was initiated. By benefits, I am referring to oil. Clearly the war on terror had, at least, something to do with securing oil fields and US authority in the Middle East. However, I don't the powers that be ever expected the costs to go this high and for this long. They expected these countries to roll over and renounce their sovereignty; nine years later, this still hasn't happened.

[Ludi]

$this->bbcode_second_pass_quote('Kristjan', '
')Peak oil does not destroy money. It only destroys the economy. I'm sure the governments of the world will devise a plan how to get the public to participate in their oil wars with their own funds.

[Kristjan]

$this->bbcode_second_pass_quote('Ludi', 'W')hat "own funds"? Do you mean the money they get from the government in the form of unemployment checks, welfare, etc?

[mcgowanjm]

$this->bbcode_second_pass_quote('Kristjan', '')$this->bbcode_second_pass_quote('Ludi', 'W')hat "own funds"? Do you mean the money they get from the government in the form of unemployment checks, welfare, etc?

[mcgowanjm]

Speaking of Resource Wars, whose gonna pay for this?

http://images.vesseltracker.com/images/ ... urus-39403

which is full of oil and now headed for Somalia.

VLCC Tankers ( Names A - K )
Auke Visser's International Super Tankers. VLCC Tankers ( Names A - K ) ... Astro Castor · Astro Centaurus · Astro Challenge · Astro Chorus · Astro Corona ...
www.aukevisser.nl/supertankers/part-1/id17.htm - Cached -