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Politics : Rat's Nest - Chronicles of Collapse -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (1528)	8/8/2005 4:27:31 AM
From: Wharf Rat	Read Replies (2) \| Respond to of 24213

Transcript Saudi Oil and the World Economy (long article) Matthew Simmons Author, "Twilight in the Desert" Thursday, August 4, 2005; 3:00 PM In his recently published book "Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy," author Matthew Simmons argues that Saudi Arabia will in coming decades be unable to maintain its current level of oil production, with large-economic repercussions. Simmons also examines the political and social climate of the nation and its desire to conceal the potential shortfalls from global consumers. Matthew Simmons , an oil industry analyst and CEO of Simmons & Company International, was online Thursday, August 4, at 3 p.m. ET to discuss Saudi oil supplies. The transcript follows. ____________________ Ottawa, Canada: There have recently been large oil discoveries in China's Bohai Bay. How do you see this affecting the oil supply situation over the next decade? Matthew Simmons: The Bohai Bay is probably a very productive area but you're talking about fields that have production profiles of 50-100,000 barrels a day each and they're apparently not very long life reserves. So you'd have to have scores of them to replace the giant fields of Saudi Arabia. _______________________ Suwanee, Ga.: Some analysts think the world will reach its Hubbert's Peak in the next year. What is your opinion of when this will occur? Matthew Simmons: The biggest worry I have as a result of doing the research on Saudi Arabia's oil is that there is a real risk that they have already exceeded sustainable peak oil production and the longer the produce at current risk the higher the risk that they could start into a production collapse. If that turns out to be true than the odds are 95% that the world has then exceeded sustained peak oil production. What the people that get into the peak oil debate often don't think about is that peak oil is not the maximum amount of oil you could produce in a single day, it's realistically the amount you could produce per day for at least a half decade. Therefore it could already be happening. And we'll never know that until we get better data. much more @_______________________ washingtonpost.com

To: Wharf Rat who wrote (1528)	8/13/2005 3:22:22 PM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 24213

re: Michael Ruppert's article & "Able Danger" Ruppert has really shed some interesting light on the subject of PROMIS... but, I believe he's veered off the road relative to PROMIS and PEAK OIL - as PROMIS is being actively used in the Commodity Markets in conjunction with the "Wag the Dog" HYPE of PEAK Oil and China is the Target. Message 21512734 It will be VERY interesting to see if "PROMIS" is mentioned by name in the Media in regards to the "Able Danger" Investigation. The 911 Commission wasn't left out of the loop by accident, nor was the information not shared with other US Agencies - by accident. ...the reason being, is that PROMIS is not just being used as an "Anti-Terrorism" Tool. 99% of US Citizens are not even aware of the Exchange Stabilization Fund. They have no idea of the degree of Governmental Intervention in the Global Financial Markets - such as Japan in propping up the US Dollar for example. If the use of PROMIS gets linked to certain US HEDGE FUNDS with connections to the US Administration.... and Offshore Carribean Hedge Funds that are also propping up our Treasury Auctions when Foreign Central Bank buying is absent...and then to intervention in Commodity & Global Financial Makets - with links to the US NSA & Pentagon... ? ...now THAT would be a story that would push "Watergate" to the back pages of the History Books. Think - Commodities & OIL, Think Chinese Currency Revaluations and eliminating Soviet-esque Geopolitical Risk. ...then think back to the Reagan Administration when the Soviets with their inherrently inefficient Communist Economic System had to spend $3-$4 Dollars for every $1 the USA was spending in the Cold-War Arms Race. The US got the Saudi's to flood the Market with Oil - which collapsed Soviet Oil Revenue's simultaneous to their Economy cracking under the pressure of a misallocation of scare resources and funds used to fuel their Military Build Up... their Economy Collapsed... by design - and the Communist Government collapsed.... by design. Oil was used as an Economic "WMD" against the Soviets - "then" by collapsing prices. Today - it is being used as an Economic WMD to create an artificial PEAK OIL inspired Oil Price Shock - to exploit China's Economic inefficiences in requiring 6-7 times the amount of Oil and Natural Resource Commodities to produce the same GDP output as that of the USA, or Japan (see the "Der Spiegel" artlice linked above) which given where Oil & Commodity Prices are going - will ultimately collapse their Economy and then the Communist Leadership... once again, all by design. Isn't Matt Simmons a member of the Council on Foreign Relations ? - Whodathunkit ? He deserves an "Oscar." Peak Oil = Wag the Dog. Ironic that China's own thesis vis a vis "Unrestricted Warfare" and using interventions in Currency, or Commodity Markets - will be used against them ! ... although, the basis of their thesis is also somewhat rooted in the prior use of Oil as an Economic WMD to collapse the Soviets. Here's another conundrum.... NOT ! - With Oil & Commodity Prices Spiking; China is now being faced with a massive upward revaluation of their Currency as the only way to stop the "pain" of an Oil & Commodity Price Shock. ...whodathunkit ? Hopefull, by the time that Oil & Gasoline Prices being to roll over, if not also collapse the US Economy... the Fed will already have raised Interest Rates to levels that they can once again begin to "cut rates" and restimulate the US Economy - as China's collapses...and Bernanke can then literally have his dream come true and drop Fiat Dollars from Helicopters if necessary. ...sadly; it may be necessary. PROMIS + Peak Oil Hype = Oil Shock Oil Shock + Economic Inefficiencies = coming Soviet Union Deja Vu - Economic & Political Collapse of the Communist Chinese Government. When, not if....all by design. PROMIS just made it more efficient and more certain - than the era in which Oil was last used as an Economic "WMD" to collapse the Soviets. Slider