[Rod_Cloutier]

After oil hit the record of $147.00 a barrel earlier this year, conservatives who are well aware of peak oil began to plan how to stop peak oil from Happening, and they won.

By engineering a recession/ depression they have temporaily reduced the demand for oil. By creating a credit crisis they have removed all the leveraged speculators such as Lehman brothers out of the oil price equation. By selling their shares at a time when the market is falling they have created a panic, in which investors have pulled their money out from all over the world and exchanged it for US currency. This temporary prop up of the US currency has further weakened the price of oil. Now that oil is bounced back to historical levels it looks like the OPEC cartel might actually fall apart, which would lower oil prices further.

The lowering of the demand for oil and the reduction in the price of oil are signs that the conservative revolution has won. Peak oil has been delayed. It will be years before the fossil fuel's have been depleted enough again that we can approach a peak situation again. Those who have prevented the peak oil crash, will be patting themselves on the back right now.

Know this however- that geology never lies, their only so much oil, natural gas and coal down there and once its depleted its depleted. The next round when oil peaks it will be the real thing. Then no amount of spin, fancy accounting, or creative corruption will solve the world's energy problems.

[Novus]

Peak Oil is not about price. It is about worldwide oil production in Millions of Barrels per Day and the net energy given to society. It has peaked regardless of the new depression. The world will never again produce 87MBPD. In fact the decline will be very steep now as market forces no longer support exponential drilling. Many of the new and expensive projects will go bust (ie Canadian tar sands, oil shale, Deep ocean projects). This means we fall into the Oldavi gorge right here and now. Cost > Sale price means little or no oil being produced. Look for some major oil companies to go bankrupt in the near future.

[vtsnowedin]

$this->bbcode_second_pass_quote('Repent', 'A')fter oil hit the record of $147.00 a barrel earlier this year, conservatives who are well aware of peak oil began to plan how to stop peak oil from Happening, and they won.

By engineering a recession/ depression they have temporaily reduced the demand for oil. By creating a credit crisis they have removed all the leveraged speculators such as Lehman brothers out of the oil price equation. By selling their shares at a time when the market is falling they have created a panic, in which investors have pulled their money out from all over the world and exchanged it for US currency. This temporary prop up of the US currency has further weakened the price of oil. Now that oil is bounced back to historical levels it looks like the OPEC cartel might actually fall apart, which would lower oil prices further.

.

[Fishman]

Amazing, I didn't know Dodd, Barny Franks, and Pelosi were conservatives. Their actions were clearly part of the problem, And to set this up so McCain who was leading in the polls before the financial crisis would tank, amazing logic.

[Quinny]

Aren't they democrats. That's conservative isn't it?

$this->bbcode_second_pass_quote('Fishman', 'A')mazing, I didn't know Dodd, Barny Franks, and Pelosi were conservatives. Their actions were clearly part of the problem, And to set this up so McCain who was leading in the polls before the financial crisis would tank, amazing logic.

[DirtyHowi]

$this->bbcode_second_pass_quote('Quinny', 'A')ren't they democrats. That's conservative isn't it?

$this->bbcode_second_pass_quote('Fishman', 'A')mazing, I didn't know Dodd, Barny Franks, and Pelosi were conservatives. Their actions were clearly part of the problem, And to set this up so McCain who was leading in the polls before the financial crisis would tank, amazing logic.

[Pfish]

Repent, don't know if I agree with this one. I would say we are in a crisis because of who we are: Consumers who want more credit. How did they do it? One word: Derivatives. 596 Trillion to be exact.....Check this article out. It was posted by another on this forum.... http://seekingalpha.com/article/99674-c ... cy-meeting?

[Cloud9]

It is the general consensus among the talking heads that the economic crisis is the one thing that is putting Obama ahead in the polls. Why would the conservatives rig the economy and defeat their own candidate?

[green_achers]

$this->bbcode_second_pass_quote('Cloud9', 'I')t is the general consensus among the talking heads that the economic crisis is the one thing that is putting Obama ahead in the polls. Why would the conservatives rig the economy and defeat their own candidate?

[pinewillow]

$this->bbcode_second_pass_quote('Cloud9', 'I')t is the general consensus among the talking heads that the economic crisis is the one thing that is putting Obama ahead in the polls. Why would the conservatives rig the economy and defeat their own candidate?

[heroineworshipper]

Damn conservatives, renting dumpy apartments & driving Civics when they should have been supporting housing prices & driving SUV's. They will support the SUV McMansion machine, one way or another.

[mos6507]

$this->bbcode_second_pass_quote('green_achers', '
')Um, maybe because they're already catching a shitstorm from the last 8 years and want to leave the nigra holding the bag?

[copious.abundance]

So, now I've read just about every culprit for the credit crisis imaginable.

In this thread, someone is telling me that the credit crisis was engineered by conservatives to postpone peak oil.

In at least one other thread here, they're trying to say that peak oil caused the credit crisis.

Elsewhere on the internet you can read that the credit crisis has been caused by the Jews, liberals, minorities, greedy capitalists, the Federal Reserve, the Republicans, the Democrats, the Illuminati, and who knows who else. I even saw one website blaming it on the alignment of the planets!

[pinewillow]

Of course it was rigged.

No one in their right government controlling mind decreases interest rates to 1% when we have the largest buble in history, it was made to crash.

[pinewillow]

$this->bbcode_second_pass_quote('mos6507', '')$this->bbcode_second_pass_quote('green_achers', '
')Um, maybe because they're already catching a shitstorm from the last 8 years and want to leave the nigra holding the bag?

[Minvaren]

$this->bbcode_second_pass_quote('pinewillow', 'h')illaries demise WAS NOT PLANNED the PTB wnated hillary, and the whole machine was for hillary

[Plantagenet]

$this->bbcode_second_pass_quote('Minvaren', '')$this->bbcode_second_pass_quote('pinewillow', 'h')illaries demise WAS NOT PLANNED the PTB wnated hillary, and the whole machine was for hillary