Conspiracy theories?
Jan. 16th, 2008 by AlSometimes I find the people are more interested in speculating and talking about conspiracies with no concrete evidence whatsoever because it empowers them with a world that is like a capitalist bullet train that’s going over the cliff with no driver to stop it.
The oil markets supplied by OPEC plus the enormous influence from powerful transnational companies does make a good receipe for a conspiracy plot.But it distracts us from the real issue, lower production and higher priced oil barrels that’s going to impact us the next decade.
Oil Crisis abounds
With EIA latest forcast this year, we are seeing a probable crisis forming till end of the year that will carry itself forward to next year.
Reasons are:
World consumption in oil is going to rise higher than what the production of non-opec can supply and that leave Opec supply to offset the higher oil prices.
EIA predication that worldwide oil production sets to double in 2009.
The facts are that oil peaked during the 70’s since the last century and people are still not awakened to this cruel reality that cheap and abundent oil are relics of the past.With this kind of mindsets from the masses both in the west and the rest of the world ,no wonder Conspiracy theories are becoming the opium of our century
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