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Page added on June 5, 2018

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Trump Asked Saudi Arabia To Boost Oil Production By 1 Million Barrels Per Day

Production

It all started on April 20, when having tweeted at and about virtually everything else, President Trump realized that surging oil and gasoline prices are wreaking havoc on his economic agenda and eating away at the benefits from his tax cuts, and so he made it clear when he lashed out on twitter against OPEC which he said was “at it again. With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High! No good and will not be accepted!”

The result was instant, sending the price of oil sharply lower….

… and effectively capping the price oil, which is now at the level when Trump made his warning.

Since then Trump’s stance has only hardened, and because the US president has become an especially good friend with the ruling Saudi regime, there has been a dramatic reversal within OPEC, whose next meeting is now expected to see the cartel and Russia modestly boost oil production to comply with Trump’s demand.

But by how much?

This morning Bloomberg reported the answer, when it said that the Trump administration has quietly asked Saudi Arabia and other OPEC producers to increase oil production by about 1 million barrels a day, or – not surprisingly – just enough to offset expected Iran oil export declines as a result of Trump’s renewed embargo on Tehran.

The rare request came after U.S. retail gasoline prices surged to their highest in more than three years and President Donald Trump publicly complained about OPEC policy and rising oil prices on Twitter. It also follows Washington’s decision to reimpose sanctions on Iran’s crude exports that had previously displaced about 1 million barrels a day from global markets.

As Bloomberg adds, while U.S. lawmakers have habitually criticized the Organization of Petroleum Exporting Countries at times of high oil prices, and the government has on occasion encouraged the cartel to pump more, it’s unusual for Washington to ask for a specific output hike, although not that unusual when one considers just how much effort Trump has put into becoming a BFF with the Saudi rulers. Also, Bloomberg notes that it was not clear precisely how the request was communicated.

The disclosure of the American request emerged over the weekend, when some Arab oil ministers discussed oil production in Kuwait City. The meeting was followed by a statement which pledged to “ensure stable oil supplies are made available in a timely manner to meet growing demand and offset declines in some parts of the world.” And, as reported at the time, Saudi Arabia and Russia last month proposed a gradual production increase, although other members of the group have yet to agree.

While the White House refused to comment on any specific conversations with Saudi Arabia, a spokesman told Bloomberg that “we welcome any market-based action that increases energy access and fosters a healthy global economy.”

Treasury Secretary Steven Mnuchin hinted last month that Washington had “various conversations with various parties about different parties that would be willing to increase oil supply to offset” the impact of U.S. sanctions on Iranian oil output. Only four countries among OPEC and its allies hold enough spare production capacity to offset that impact: Saudi Arabia, Russia, the United Arab Emirates and Kuwait.

A formal revision to the cartel’s oil output is expected to be proposed in 2 weeks when OPEC and its allies will meet in Vienna on June 22 and 23 to discuss their production policy for the second half of the year. Saudi Oil Minister Khalid Al-Falih last month said the kingdom shared the “anxiety” of consuming nations about high oil prices and added that OPEC and its allies were “likely” to boost output, undoing nearly 2 years of “progress” following the Vienna oil output deal which cut 1.6 mmb/d from world production in an attempt to eliminate the record inventory overhang, and nearly doubling the price of oil from $45/barrell to $80.

As Bloomberg concludes, the most recent comments by Trump and the request for extra oil are among the most forceful U.S. intervention in OPEC affairs since Bill Richardson, the energy secretary during the second administration of Bill Clinton, phoned the Saudi minister in the middle of an OPEC meeting in 2000 asking for a production increase.

The intervention enraged other members of the cartel, exacerbating a schism between Saudi Arabia and Iran. This time around, it appears that Trump’s peculiar brand of diplomacy may have achieved its goal without angering anyone.

zerohedge



146 Comments on "Trump Asked Saudi Arabia To Boost Oil Production By 1 Million Barrels Per Day"

  1. JuanP on Tue, 5th Jun 2018 7:41 am 

    It will be interesting to see what happens. Can OPEC and Russia increase extraction by that much? Probably yes. Is it in their best interest? I don’t really know.

  2. Shortend on Tue, 5th Jun 2018 8:53 am 

    Just stick a hose up Cheeto buttole and let it rip, the Swamp there will do the rest.
    Now, all we need is the Fed to print oil.

  3. Mark. on Tue, 5th Jun 2018 9:37 am 

    I thought tight Shale was going to save us. I wonder if President Cheeto tweeted the request to them? or was it a demand?

  4. MASTERMIND on Tue, 5th Jun 2018 10:16 am 

    German Army (leaked) Peak Oil Study – within 15 years oil shortages may collapse global economy

    https://www.youtube.com/watch?v=ZyUe7w1gDZo&t=66s

  5. MASTERMIND on Tue, 5th Jun 2018 10:22 am 

    German Army (leaked) Peak Oil Study – within 15 years oil shortages may collapse global economy

    https://www.youtube.com/watch?v=ZyUe7w1gDZo&t=66s

    IEA Chief warns of world oil shortages by 2020 as discoveries fall to record lows
    https://www.wsj.com/articles/iea-says-global-oil-discoveries-at-record-low-in-2016-1493244000

    We all know our fate..But we blindly deny it..

  6. MASTERMIND on Tue, 5th Jun 2018 10:26 am 

    a knife shoved up ghaddafi’s ass while he was captured !!

    https://www.youtube.com/watch?v=ptTOoLNEj68

    Putin is next!

    LMFAO!!

  7. Outcast_Searcher on Tue, 5th Jun 2018 10:47 am 

    Has Minimind ever spouted anything credible?

  8. GregT on Tue, 5th Jun 2018 11:11 am 

    Putin should be tried in an international court for crimes against humanity, for installing Trump in the Whitehouse.

  9. MASTERMIND on Tue, 5th Jun 2018 11:29 am 

    Outcast_Searcher

    Global civilization will collapse within the next ten years according to (Meadows, 1972)
    (Motesharrei, 2014) (Turchin, 2010)
    (Ehrlich, 2013) (Turner, 2014)
    (Korowicz, 2012)

    https://www.scientificamerican.com/article/apocalypse-soon-has-civilization-passed-the-environmental-point-of-no-return/
    https://www.nature.com/articles/463608a
    http://www.sciencedirect.com/science/article/pii/S0921800914000615
    https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3574335/
    https://www.scribd.com/document/379418787/Is-Global-Collapse-Imminent-An-Updated-Comparison-of-The-Limits-to-Growth-with-Historical-Data-Turner-2014
    http://www.feasta.org/wp-content/uploads/2012/06/Trade-Off1.pdf

  10. Davy on Tue, 5th Jun 2018 11:55 am 

    “Global civilization will collapse within the next ten years according to:”

    Please, give me the words in these articles that put a date on collapse?

  11. MASTERMIND on Tue, 5th Jun 2018 12:35 pm 

    Davy

    You know when the limits to growth study concluded a collapse..By 2030..Stop trying to play more stupid than you already are..lol

    Looking Back on the Limits of Growth – Smithsonian
    https://www.smithsonianmag.com/science-nature/looking-back-on-the-limits-of-growth-125269840/

  12. MASTERMIND on Tue, 5th Jun 2018 12:40 pm 

    Davy

    Peer Reviewed Study: Limits to Growth was Right. Research Shows We’re Nearing Global Collapse (Turner, 2014)

    Page 15,

    The close alignment between the LTG BAU scenario and observed developments over the last four decades, as well as the correspondence in the underlying dynamics described above, portend of po-tential global collapse. Although the general commentary on the LTG describes collapse occurring sometime mid-century (and the LTG authors stressed not interpreting the time scale too precisely), the BAU scenario implies that a relatively rapid fall in economic conditions and the population could be imminent. Indeed, other aspects of oil supply constraints explored in the following, indicate that the ongoing economic downturn of the GFC may be representative of an imminent BAU style collapse.

    https://www.scribd.com/document/379418787/Is-Global-Collapse-Imminent-An-Updated-Comparison-of-The-Limits-to-Growth-with-Historical-Data-Turner-2014

  13. GregT on Tue, 5th Jun 2018 12:43 pm 

    “Please, give me the words in these articles that put a date on collapse?”

    I’ll bite.

    None of the articles that MM linked above support his conclusions that global civilization will collapse by 2028.

    https://www.scientificamerican.com/article/apocalypse-soon-has-civilization-passed-the-environmental-point-of-no-return/
    https://www.nature.com/articles/463608a

    “population peaks around 2030 at between seven and eight billion and then decreases sharply, evening out at about four billion in 2100.”

    http://www.sciencedirect.com/science/article/pii/S0921800914000615

    “There are widespread concerns that current trends in population and resource-use are unsustainable, but the possibilities of an overshoot and collapse remain unclear and controversial.”

    https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3574335/

    “Do we think global society can avoid a collapse in this century? The answer is yes, because modern society has shown some capacity to deal with long-term threats, at least if they are obvious or continuously brought to attention (think of the risks of nuclear conflict). ”

    https://www.scribd.com/document/379418787/Is-Global-Collapse-Imminent-An-Updated-Comparison-of-The-Limits-to-Growth-with-Historical-Data-Turner-2014

    “Although the modelled fall in population occurs after about 2030—with death rates rising from 2020 onward, reversing contemporary trends—the general onset of collapse first
    appears at about 2015 when per capita industrial output begins a sharp decline.”

    http://www.feasta.org/wp-content/uploads/2012/06/Trade-Off1.pdf

    “We are locked into an unimaginably complex predicament and a system of dependency whose future seems at growing risk. To avoid catastrophe we must prepare for failure.”

  14. GregT on Tue, 5th Jun 2018 12:47 pm 

    Oops, sorry.

    https://www.nature.com/articles/463608a

    “The next decade is likely to be a period of growing instability in the United States and western Europe”

  15. Davy on Tue, 5th Jun 2018 12:50 pm 

    “You know when the limits to growth study concluded a collapse..By 2030..Stop trying to play more stupid than you already are..lol”

    Will you reference the actual wording please. Also my orginal request was for the wording from all of these:

    (Meadows, 1972)
    (Motesharrei, 2014) (Turchin, 2010)
    (Ehrlich, 2013) (Turner, 2014)
    (Korowicz, 2012)

  16. MASTERMIND on Tue, 5th Jun 2018 12:51 pm 

    Greg

    Once the economic collapse happens that is ball game..Even Meadows said the models can’t be relied upon after the economic collapse.. I don’t think you understand what an economic collapse is..It means every corporation, every currency, every government and social program going bankrupt at once.

    And cherry picking little parts of the studies and taking them out of context just shows how pathetic you are..Greg is going to lose his lollipop..LOL

  17. Davy on Tue, 5th Jun 2018 12:55 pm 

    “po-tential global collapse.”

    “and the LTG authors stressed not interpreting the time scale too precisely)”

    “rapid fall in economic conditions and the population could be imminent.”

    This is a long way from:

    “Global civilization will collapse within the next ten years according to:”

  18. MASTERMIND on Tue, 5th Jun 2018 12:55 pm 

    Davy

    I did you dumbshit..Jesus you a deluded redneck..You know damn well under the BAU model of the original limits to growth models. the global economic collapse happens by 2030..

  19. MASTERMIND on Tue, 5th Jun 2018 12:59 pm 

    Davy

    IEA Chief warns of world oil shortages by 2020 as discoveries fall to record lows
    https://www.wsj.com/articles/iea-says-global-oil-discoveries-at-record-low-in-2016-1493244000

    Saudi Aramco chief warns of looming oil shortage
    https://www.ft.com/content/ed1e8102-212f-11e7-b7d3-163f5a7f229c

    German Military (leaked) Peak Oil study: oil is used in the production of 95% of all industrial goods, so a shortage of oil would collapse the world economy & world governments
    http://www.energybulletin.net/sites/default/files/Peak%20Oil_Study%20EN.pdf

    It will be the oil shortage that brings down civilization..Lack of natural resources and too much income inequality..Just like the NASA study concluded.

  20. Davy on Tue, 5th Jun 2018 1:00 pm 

    dumbass here is your puke and show me where you showed me the numbers:

    Global civilization will collapse within the next ten years according to (Meadows, 1972)
    (Motesharrei, 2014) (Turchin, 2010)
    (Ehrlich, 2013) (Turner, 2014)
    (Korowicz, 2012)

    if you are going to sput off shit like you are an expert you better be able to show the goods, boy wonder.

    show me the wording that supports this:

    “original limits to growth models. the global economic collapse happens by 2030..”

    What is the definition of collapse anyway?

  21. MASTERMIND on Tue, 5th Jun 2018 1:03 pm 

    World Scientists “Warning to Humanity” Signed by 15,000 Scientists from 184 Countries Including the Majority of all Nobel Prize Winners
    https://academic.oup.com/bioscience/article/67/12/1026/4605229

    Inside the new economic science of capitalism’s slow-burn energy collapse (Ahmed, 2017)
    https://medium.com/insurge-intelligence/the-new-economic-science-of-capitalisms-slow-burn-energy-collapse-d07344fab6be

    Dennis Meadows says in that Scientific American article that he no longer tries to persuade people about the upcoming collapse..I should likely take that advice as well..Especially arguing with stupid and uneducated boomers on this site..

  22. MASTERMIND on Tue, 5th Jun 2018 1:08 pm 

    Davy

    You better charge up your Wal Mart scooter..Cause those lynch mobs are going to be stampeding to your farm soon..

    lmfao!

  23. Outcast_Searcher on Tue, 5th Jun 2018 1:18 pm 

    Minimind, come see us in 2021 and show us how you’re right if global economic collapse occurs before then. That might even improve the disastrous results of the ETP doomers’ precitions.

    Daniel Meadows is likely right on the overall scenario re BAU growth forever isn’t possible.

    However, like all the fast crash doomers, he keeps trying to pick close timeframes for doom, and like all the other Cassandras gets it wrong, ignoring the ability of societies to adapt, etc.

    I’m a long term doomer myself if BAU growth continues. The math is obvious.

    Having many Cassandras incorrectly predict short term doom hundreds or even thousands of times, decade after decade and getting it wrong doesn’t make a credible track record.

    Accuracy matters. Anyone can say wer’re all dead in the long run. The heat death of the universe looks pretty grim for humans. Even dwarf stars will all die, even if it takes over 10 trillion years for some of them.

    https://www.spaceanswers.com/deep-space/red-dwarfs-the-fascinating-stars-that-live-for-trillions-of-years/

    “the lower the mass of a red dwarf the longer it will live. A red dwarf with a tenth of the Sun’s mass will continue burning fuel for 10 trillion years.”

  24. MASTERMIND on Tue, 5th Jun 2018 1:23 pm 

    Outcast

    I never said collapse would happen by 2021..You stupid troll..I said within a decade by 2030 at the latest..And at the start of every disaster movie there is a scientist being ignored..The status quo’s days are done..

  25. MASTERMIND on Tue, 5th Jun 2018 1:26 pm 

    Outcast

    Sleepwalking Into The Next Oil Crisis
    https://www.forbes.com/sites/rrapier/2018/03/23/is-the-world-sleepwalking-into-an-oil-crisis/#509edc8b44cf

    I wouldn’t ignore the IEA, Saudi Arabia, HSBC, Citigroup, and the former head of the EIA..

  26. GregT on Tue, 5th Jun 2018 2:00 pm 

    “World Scientists “Warning to Humanity” Signed by 15,000 Scientists from 184 Countries Including the Majority of all Nobel Prize Winners”

    https://academic.oup.com/bioscience/article/67/12/1026/4605229

    They are warning humanity that BAU is destroying the natural environment MM. The sooner that modern industrial society collapses, the better for the long term survivability of the human race and most other life forms on this planet.

    “Inside the new economic science of capitalism’s slow-burn energy collapse (Ahmed, 2017)”

    https://medium.com/insurge-intelligence/the-new-economic-science-of-capitalisms-slow-burn-energy-collapse-d07344fab6be

    “There is only one solution to this conundrum, however difficult it might seem:”

    “Citizens themselves at all scales have an opportunity to work together to salvage and regenerate new public economies based on pooling their human, financial and physical assets and resources, to facilitate the emergence of more viable and sustainable economic structures. Part of this will include adapting to post-carbon energy sources.”

    “Far from representing the end of prosperity, this transition represents an opportunity to redefine prosperity beyond the idea of endlessly increasing material accumulation; and realigning society with the goal of meeting real-world human physical, psychological and spiritual needs.”

  27. Davy on Tue, 5th Jun 2018 2:18 pm 

    “You better charge up your Wal Mart scooter..Cause those lynch mobs are going to be stampeding to your farm soon..”

    Translation: You got me. I made a fool of myself. Now, I further act stupid because stupid is all I know.

  28. GregT on Tue, 5th Jun 2018 2:19 pm 

    “Sleepwalking Into The Next Oil Crisis”

    https://www.forbes.com/sites/rrapier/2018/03/23/is-the-world-sleepwalking-into-an-oil-crisis/#509edc8b44cf

    “I wouldn’t ignore the IEA, Saudi Arabia, HSBC, Citigroup, and the former head of the EIA..”

    We’re already in an oil crisis MM. Gasoline prices here are at all time record highs, and even with these insanely high gas prices, pick-up trucks still remain the top selling vehicles in NA.

    The problem is easily solved by switching to more fuel efficient vehicles, walking, cycling, car pooling, or taking public transit, or simply just driving less.

  29. MASTERMIND on Tue, 5th Jun 2018 4:11 pm 

    Greg

    The problem is easily solved..oil is used in over a 100 products from asphalt to pharmaceuticals..And its what powers gloablism..ships, planes, trucks..You dumbshit..

    God you are a fucking pussy and idiot…Dumber than clogg..

  30. Cloggie on Tue, 5th Jun 2018 4:17 pm 

    Putin had an easy visit today in Austria, a country that wants to lift anti-Russian sanctions:

    http://www.spiegel.de/politik/ausland/oesterreich-wladimir-putin-bei-sebastian-kurz-hoffnung-auf-bessere-eu-beziehungen-a-1211387.html

    Russia and Austria signed a treaty that ensures oil and gas deliveries until 2040. Other European countries are involved as well. Nobody gives a f* what others think of that.

  31. MASTERMIND on Tue, 5th Jun 2018 4:21 pm 

    Clogg

    Nobody gives a shit about Putin..You are obsessed with him you fucking faggot lover..Putin did this, Putin is going to do that..Putin in the leader who is going ot destroy the globalist and NWO..You are like a little child living in a fantasy world..Europe’s issues can’t be solved politically..

  32. MASTERMIND on Tue, 5th Jun 2018 4:23 pm 

    We live in frightening times. It’s my belief that “you personally” will most likely die of starvation or conflict between 2020 to 2050.
    You will experience a collapse of human civilization, a die-off of humans, a destruction of the ecosystem, a loss of access to mined and drilled resources, and a dark age from which your descendent’s will not reemerge.

    Simple really….when the World Economy Collapses everything shuts down…the end… We’re talking about grids down all over the world and 7.5B people dropping like f*** flies in short order. The collapse will be absolutely horrible..There is no collapse or horror movie ever produced that has even come close to imagining what the collapse of BAU might look like. I’m talking about every corporation and every social program going bankrupt at once. I’m talking about people eating people. I’m talking about the Worst Catastrophe to ever happen in the history of mankind. Nothing has ever, or will ever come close…

    Sleepwalking Into The Next Oil Crisis
    https://www.forbes.com/sites/rrapier/2018/03/23/is-the-world-sleepwalking-into-an-oil-crisis/#509edc8b44cf

    According to the German Army leaked study. When the oil shortages hit, Wall street will crash, the public will lose all faith/trust in their institutions, and the global economy and world governments will collapse..
    http://www.energybulletin.net/sites/default/files/Peak%20Oil_Study%20EN.pdf

    Scientific American: Apocalypse Soon: Has Civilization Passed the Environmental Point of No Return?
    https://www.scientificamerican.com/article/apocalypse-soon-has-civilization-passed-the-environmental-point-of-no-return/

    Inside the new economic science of capitalism’s slow-burn energy collapse (Ahmed, 2017)
    https://medium.com/insurge-intelligence/the-new-economic-science-of-capitalisms-slow-burn-energy-collapse-d07344fab6be

    Peer Reviewed Study: Society Could Collapse In A Decade, Predicts Historian (Turchin, 2010)
    https://www.nature.com/articles/463608a

    NASA Peer Reviewed Study: Industrial Civilization is Headed for Irreversible Collapse (Motesharrei, 2014)
    http://www.sciencedirect.com/science/article/pii/S0921800914000615

    The Royal Society: Peer Reviewed Study, Now for the First Time A Global Collapse Appears Likely (Ehrlich, 2013)
    https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3574335/

    Peer Reviewed Study: Limits to Growth was Right. Research Shows We’re Nearing Global Collapse (Turner, 2014)
    https://www.scribd.com/document/379418787/Is-Global-Collapse-Imminent-An-Updated-Comparison-of-The-Limits-to-Growth-with-Historical-Data-Turner-2014

    Peer Reviewed Study: Financial System Supply-Chain Cross-Contagion: Global Systemic Collapse (Korowicz, 2012)
    http://www.feasta.org/wp-content/uploads/2012/06/Trade-Off1.pdf

  33. MASTERMIND on Tue, 5th Jun 2018 4:24 pm 

    Please to meet you..Hope you guess my name..

  34. GregT on Tue, 5th Jun 2018 4:26 pm 

    “Dumber than clogg..”

    Thanks MM, I’ll take that as a compliment, and Cloggie is obviously magnitudes above you in the intelligence department.

  35. Boat on Tue, 5th Jun 2018 4:29 pm 

    Mm

    Your a pussy afraid of every thing. Man up chess boy. You tube “walk like a man” and forget your girlish behavior.

  36. Cloggie on Tue, 5th Jun 2018 4:36 pm 

    Nobody gives a shit about Putin.

    Liar, you are obsessed with him! You have repeatedly said that the US needs to exercise a nuclear first strike. You are green with envy and foaming at the mouth that this stupid kike Berezovski nominated Putin in 2000 as leader, in the false expectation Putin would act as a proxy of the (((oligarchs)))

    As a consequence this entire NWO project is now in the doldrums. Say hello to Putler and his XXL panda bear buddy Xi:

    https://www.bloomberg.com/view/articles/2017-09-27/america-s-new-world-order-is-officially-dead

    Bye-bye NWO! ROFL

    Tell me, millimind, does it hurt? I mean really hurt?

    Whooohaaa! I think I am going to enjoy your demise as a long 100 euro, hand-wrapped Cuban cigar. God what a joy to see you suffer.LOL

  37. Cloggie on Tue, 5th Jun 2018 4:38 pm 

    We live in frightening times. It’s my belief that “you personally” will most likely die of starvation or conflict between 2020 to 2050.

    I’m content with 2050, thank you very much. You are very generous.

  38. GregT on Tue, 5th Jun 2018 4:38 pm 

    None of your supplied links come to the same conclusions as you have MM, and even the titles that you have applied to them are incorrect.

    Keep repeating your nonsense over and over until your depression really sinks in. Nobody else who has read those reports is buying into your fatalistic point of view.

  39. GregT on Tue, 5th Jun 2018 4:41 pm 

    “I’m content with 2050, thank you very much. You are very generous.”

    2050 would be more than good enough for me too.

  40. MASTERMIND on Tue, 5th Jun 2018 4:48 pm 

    Greg

    You know the limits to growth study concludes a collapse by 2030..So to say none of my links say that is a lie..you just can’t handle the truth..You are like a scared little child..and you should be..

    Sleepwalking Into The Next Oil Crisis
    https://www.forbes.com/sites/rrapier/2018/03/23/is-the-world-sleepwalking-into-an-oil-crisis/#509edc8b44cf

    According to the German Army leaked study. When the oil shortages hit, Wall street will crash, the public will lose all faith/trust in their institutions, and the global economy and world governments will collapse..
    http://www.energybulletin.net/sites/default/files/Peak%20Oil_Study%20EN.pdf

    Scientific American: Apocalypse Soon: Has Civilization Passed the Environmental Point of No Return?
    https://www.scientificamerican.com/article/apocalypse-soon-has-civilization-passed-the-environmental-point-of-no-return/

    Inside the new economic science of capitalism’s slow-burn energy collapse (Ahmed, 2017)
    https://medium.com/insurge-intelligence/the-new-economic-science-of-capitalisms-slow-burn-energy-collapse-d07344fab6be

    Peer Reviewed Study: Society Could Collapse In A Decade, Predicts Historian (Turchin, 2010)
    https://www.nature.com/articles/463608a

    NASA Peer Reviewed Study: Industrial Civilization is Headed for Irreversible Collapse (Motesharrei, 2014)
    http://www.sciencedirect.com/science/article/pii/S0921800914000615

    The Royal Society: Peer Reviewed Study, Now for the First Time A Global Collapse Appears Likely (Ehrlich, 2013)
    https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3574335/

    Peer Reviewed Study: Limits to Growth was Right. Research Shows We’re Nearing Global Collapse (Turner, 2014)
    https://www.scribd.com/document/379418787/Is-Global-Collapse-Imminent-An-Updated-Comparison-of-The-Limits-to-Growth-with-Historical-Data-Turner-2014

    Peer Reviewed Study: Financial System Supply-Chain Cross-Contagion: Global Systemic Collapse (Korowicz, 2012)
    http://www.feasta.org/wp-content/uploads/2012/06/Trade-Off1.pdf

  41. MASTERMIND on Tue, 5th Jun 2018 4:52 pm 

    Clogg

    the global economy has been contracting for four decades..Debt is the only thing holding this ship together and when the oil shortage hits..it will collapse..and the limits to growth study will be vindicated..and you will be dead, I will be dead, and the central bankers will be dead..

    https://www.forbes.com/sites/rrapier/2018/03/23/is-the-world-sleepwalking-into-an-oil-crisis/#509edc8b44cf

    According to the German Army leaked study. When the oil shortages hit, Wall street will crash, the public will lose all faith/trust in their institutions, and the global economy and world governments will collapse..
    http://www.energybulletin.net/sites/default/files/Peak%20Oil_Study%20EN.pdf

  42. MASTERMIND on Tue, 5th Jun 2018 4:56 pm 

    this is how the global economic collapse will look likely look..And it will be fast and happen at the speed of technology..

    https://www.youtube.com/watch?v=GPYLJoq_40Y&t=2s

    Clog,,greg and davy will be the dude blowing his brains out…Damnit that stupid MM was wrong..We still have oceans of oil left..it was those greedy Zionist bankers who did this to us…LOL

  43. MASTERMIND on Tue, 5th Jun 2018 4:59 pm 

    And the planet may go astray
    In a million years they’ll say,
    those motherfuckers were all deranged..

    It’s evolution…
    Just evolution…

    https://www.youtube.com/watch?v=m8fm3Z7jgWM

  44. Cloggie on Tue, 5th Jun 2018 5:03 pm 

    “the global economy has been contracting for four decades.”

    Complete and utter BS. Now not just the roads, but airports are congested as well.

  45. MASTERMIND on Tue, 5th Jun 2018 5:04 pm 

    The Matrix is everywhere..It it here right now..On this very blog..

    https://www.youtube.com/watch?v=_N7DBvWwJh4

  46. MASTERMIND on Tue, 5th Jun 2018 5:07 pm 

    The scariest video on Youtube..”yes this is a real American classroom”..

    https://www.youtube.com/watch?v=OxMt0p_C0p0

  47. JuanP on Tue, 5th Jun 2018 5:07 pm 

    Guys, MM may be young and ignorant, but he is not completely stupid. When he started posting comments here he claimed instantaneous collapse would happen before 2020, then he said it was no more than five years away, after that he claimed it would happen in 5 to 10 years, then 10, and now he is saying 2020 to 2050; he is learning. I think that at this rate in a few years he might get it, and that means he is less stupid than most people.

  48. MASTERMIND on Tue, 5th Jun 2018 5:09 pm 

    Clogg

    Its not BS..

    The World and OECD economies (GDP) have been contracting for four decades

    Source: World Bank
    https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locati

  49. MASTERMIND on Tue, 5th Jun 2018 5:12 pm 

    Juan

    I have never said by 2020 or within five years..i have always said within a decade..personally I think by 2025 we will all be dead..But I say a decade just to be safe..See the second to last chart on my manifesto..Its from the book ‘Scarcity by Chris Clugston..

    vhttps://imgur.com/a/pYxKa

  50. JuanP on Tue, 5th Jun 2018 5:14 pm 

    MM, I am not giving up on you yet! Why don’t you read all the articles you constantly link to again. You would probably understand them better now than the first time you read them. I’ve read them several times through the years and I can assure you that they do not reach the conclusions that you claim they do.

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