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Response to Stuart G (Original post)

Mon Oct 13, 2014, 09:39 AM

14. The Price of Oil is negotiated by politicians

 

Some oil is dirt cheap to pump and refine--think Saudi Arabia

Some is horribly expensive--think shale fracking

Some sources are considered allies and friends of current US political regime: Saudi Arabia, Canada, the UK perhaps, and maybe Nigeria and Norway, this week: approx 34%

Some sources are considered enemies: Venezuela, Iran, Iraq if not held by Shia, Libya, Russia: 30% of world production

Top oil producers: According to IEA top 10 oil producer countries produced over 64 % of the world oil production in 2012. The top oil producers in 2012 were:

Russia 544 Mt (13 %),
Saudi Arabia 520 Mt (13 %),
United States 387 Mt (9 %),
China 206 Mt (5%),
Iran 186 Mt (4 %),
Canada 182 Mt (4 %),
United Arab Emirates 163 Mt (4 %),
Venezuela 162 Mt (4 %),
Kuwait 152 Mt (4 %) and
Iraq 148 Mt (4 %).

In 2012 total oil production was 4,142 Mt. [4] In 2011 the world oil production was 4,011 Mt demonstrating an annually rising trend in oil production...https://en.wikipedia.org/wiki/List_of_countries_by_oil_production

https://en.wikipedia.org/wiki/List_of_countries_by_oil_production#mediaviewer/File:Chart-of-Oil-Trading-Nation_inverse.GIF





Currently, having lost the wars on Libya, Iran, Venezuela and Russia militarily, the US fascist-leaning regime is trying to choke the economic life out of them by forcing the global collapse of the modern economy and therefore the price of oil, depriving its enemies of income.

This will not work for several reasons, but I will just name two: China and India.

The US hegemony is cracking up. This oil bidness scam will completely destroy it. And the US PEOPLE, as in by the People, of the People, for the People, will have a window of opportunity for peace abroad and democracy at home, brought to you by those greedy, over-reaching bastards at PNAC.

Peace my friend...the Summer of Love may return in our lifetime!

And yes, Tesla (and Volt) may be the wild cards that make a "Royal Flush", and I'm not talking poker.

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