Posted on 09/17/2012 9:08:09 AM PDT by TLI
This could be a deathblow for the economy. If Romney/Ryan don’t make domestic drilling and refining into a national security issue, then they deserve to lose. And if we re-elect that marxist/muslim bastard who has hamstrung our energy policy, then we all deserve the pain to come.
This sh!t just got serious and we’re debating windmills and electric cars.
Very smart to release this news on Sept. 11, when the nation was fixated on the Muslim attacks on our country, even as we were remembering the Twin Towers destruction. China may start calling in its chits if their economy continues to worsen, and the U.S. will be in deep doo-doo.
Lindsey Williams wrote a book called “The Non-Energy Crisis” about how oil is manipulated by the oil companies and the government. It is an easy read, not very well-written and very hard to find.
Even if a third of the book is accurate, still very frightening.
http://www.reformation.org/energy-non-crisis.html
Because Chine is such a huge exporter of oil, this will be devastating!
/s
I think it will be determined sometime around November 7th!
The dollar is dead.
I think it will be determined sometime around November 7th!
weak article and questionable source.
This issue is always comming up.
oil to be priced in yen.
oil to be priced in euro
oil to be priced in rubles
on and on.
meanwhile china is having its own ecconomic issues.
BRIC (Brazil, Russia, India, China and like-minded smaller countries) have been working hard to eliminate the use of the US $ in their international trade. They are well along and Bernanke is insentivizing them to work harder and faster to complete the process. Once the dollar is no longer a universal reserve currency the spell will be broken, the emperor will be seen to have no clothes and the rout will commence. It’s hard to say how close we are to that point but we are close.
insentivizing —> incentivizing
Who says we have to pay ‘em back?
What are the Chicoms gonna do? Turn us over to a collection agency?
Let ‘em sink and starve. That would make me happy.
What if there was an economic earthquake, and no one noticed?
>>What if there was an economic earthquake, and no one noticed?
Interesting analogy. 30 years ago, I was in Idaho and we had a major earthquake out in the desert. There wasn’t much damage because there wasn’t much there to damage. At the time of the earthquake, I was 8 miles from the epicenter scraping ice off my windshield and never felt it.
My wife, lying in bed 60 miles away felt it.
How did I miss it? I was freezing cold and too busy scraping ice to notice the tremors. The car was already shaking from my vigorous ice scraping so I didn’t even notice it moving.
So, yes, you can have an economic earthquake and no one notices when they are too distracted with immediate problems.
China only exports around 400,000 barrels per day.
No one is going to want to buy oil with a currency that does not float.
Does China still peg the Yuan to the Dollar?
Not. Good.
At all.
Yes, because all the oil operations that China has around the world doesn’t count, right?
They sell THEIR OIL in yuan, regardless of where the oil came out of the ground.
Is that including the oil they contracted to pump in Africa?
Why is everyone only talking what comes out of the ground in China?
drilling won’t make much of a difference if the dollar loses it’s reserve status.
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