Peak Oil: The End

This is a great transcript from an interview with Matt Simmons about Peak Oil, a topic not covered very often in the MSM.  If you want to understand the root of the Financial Crisis and why it is not going away, then start researching this topic.

http://jutiagroup.com/2010/05/14/peak-oil-the-end/

“Welcome back to Turning Hard Times into Good Times. I am your host, Jay Taylor, and I am very pleased to have with me Matthew Simmons. He is the founder and now chairman emeritus of Simmons & Company International. Mr. Simmons is a prominent oil industry insider and one of the world’s leading experts on the topic of peak oil.

Mr. Simmons was motivated by the 1973 energy crisis to create an investment banking firm catering to oil companies, and in his capacity, he served as energy adviser to U.S. President George W. Bush. Matthew Simmons is a member of the National Petroleum Council and the Council on Foreign Relations.

He believes careful assessment of Saudi Arabian oil reserves to be the most significant issue, shaping petroleum politics, and he is the author of Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy.

His examination of oil reserves’ decline rates really was very, very significant in his work and so we are going to ask him more about that. Welcome, Mr. Simmons, to Turning Hard Times into Good Times.”

GOM Oil Leak Larger than Previous Estimates…..and E.T.’s

We now have the WallStreet Journal question about a 25,000 Barrel per day leak not being denied:

Here and first printed Here

And now some scientists are saying leak is between 56,000 and 84,000 Barrels per day:

NPR and CNN

This would mean that it dwarfed the Exxon spill a week or two ago.  More evidence that the Gov. Corp. is lying to us.

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On a completely different subject:

Retiring State Congressman Henry McElroy Jr. makes a suprising admission

This is a must watch video, even if you think this stuff is tin.

Big Banks Can’t Lose

You know what they say about the House in Vegas.  The House never loses.  Well, the four largest banks in America just pulled off that trick here in the 1st Quarter of 2010.  They went a full 61 days without a loss.  Not even one day.  Zip.  Nada.

That’s like going to the race track and winning every day.

“Their remarkable 61-day streak is one for the record books. Perfect trading quarters on Wall Street are about as rare as perfect games in Major League Baseball. On Sunday, Dallas Braden of the Oakland Athletics pitched what was only the 19th perfect game in baseball history.” reports the New York Times.

If you have any money left in the Rigged Casino called Wallstreet,  you might consider getting it out.

This is not financial advise.  I am not a financial advisor.  But did you see how fast they can make the market fall on May 6th?  Some of the brightest economic minds have been telling us the game is rigged and that the actual financial situation is insolvency for quite a few years now.  People like Peter Schiff, Ron Paul, Jim Sinclair, Jim Rogers, and Marc Faber.

The only way to stop banks from looting your money is to Use Cash in as many transactions as possible.

Ron Paul says we are Broke!

He is on with Jack Cafferty.  We are broke and will be unable to pay back the huge debts we have:

Honesty is rare on TV these days.

“The end of law is not to abolish or restrain, but to preserve and enlarge freedom. For in all the states of created beings capable of law, where there is no law, there is no freedom.”

                                                                              -John Locke

The Invisible Bread Lines of the Greatest Depression

Here’s the hard numbers:

http://www.frac.org/data/FSPparticipation/2009_10.pdf#page=2

We are up to 37.9 Million on Food Stamps now.  For some states this is a year over year change of about 50%.  The only state that reduced rolls is Texas. 

As this depression becomes more engrained, the question becomes how long can this trend continue before the system collapses under it’s own weight.

Yes, I am referencing this guy….

http://en.wikipedia.org/wiki/John_Locke

He wrote some pretty profound ideas down that have all but been forgotten.

“All mankind… being all equal and independent, no one ought to harm another in his life, health, liberty or possessions.”

“Government has no other end, but the preservation of property.”

“I have always thought the actions of men the best interpreters of their thoughts.”

“It is one thing to show a man that he is in an error, and another to put him in possession of the truth.”

“New opinions are always suspected, and usually opposed, without anyother reason but because they are not already common.”

I would like to invoke the spirit of his ideas, that they might spread like wildfire on the tongues of men and women again.