Send a Tweet
Most Popular Choices
Share on Facebook Share on Twitter Share on LinkedIn Share on Reddit Tell A Friend Printer Friendly Page Save As Favorite View Favorites
Exclusive to OpEdNews:
OpEdNews Op Eds

Black Gold; The End of Oil:

By       Message Mike Folkerth       (Page 1 of 2 pages)     Permalink    (# of views)   No comments

Related Topic(s): ; ; ; ; ; ; ; , Add Tags
Add to My Group(s)

View Ratings | Rate It

opednews.com

Author 8520
- Advertisement -

Good morning Middle America, you’re King of Simple News is on the air.

 

U.S. NEWS: As oil passed the $125 mark like a freight train passing a bum, what are the remarks being heard at the pumps and on the news, but “This is ridiculous.”

 

- Advertisement -

What is really ridiculous is that America didn’t plan for peak oil; that point in time when supply and demand would have a head on collision. But as I’ve reported both in this blog and in my book, it sure wasn’t that we didn’t know it was coming. We’ve known it since 1956.

 

Some like to point out that since King George took office, that oil has gone from $32 to $125 and it must be his fault. We could write a book on the things that are Bush’s fault, but peak oil isn’t one of them. Remember in econ 101 where the first page of the text explained the effects of supply and demand? So do I.

- Advertisement -

 

I watched an oil expert on the financial news last night as he gave his take on the situation. He was a tall guy with nice hair and an expensive suit speaking very confidently. He said, “OPEC could be doing a whole lot more by increasing the supply and I’m getting sick and tired of their not doing so.”

 

Let me translate that last statement for you. “The U.S. doesn’t have enough oil to go around and we want the people who do have the oil to get on the stick and make it cheap again. After all, don’t those people know that we are accustomed to SUVs and Diesel motor coaches?”

 

Those people with the oil are similar to those scalpers outside the Super Bowl with the last ticket to the game and cheap is not a word that comes to mind.

- Advertisement -

 

The world is running out of oil and the U.S. runs on oil…not a pretty picture. I have a friend who for more than 30 years has both drilled and owned interests in oil wells. Yesterday he told me that he has purchased a large gas tank with a pump on it to have at his home. You can take that any way that you want…I suggest that you take it seriously.

 

Next Page  1  |  2

 

- Advertisement -

View Ratings | Rate It

opednews.com

Mike Folkerth is the author of "The Biggest Lie Ever Believed" and is not your run-of-the-mill author of finance and economics. The former real estate broker, developer, private real estate fund manager, auctioneer, Alaskan bush pilot, (more...)
 

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon Share Author on Social Media   Go To Commenting

The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Will Our Economy EVER Recover?

Fox News on Georgian Invasion; Not Exactly What They Wanted:

U.S. Auto Industry is in Recession:

Paradigm Shift; Change Your Life:

Housing Predictions:

Choosing Sides; Who Would You Pick?