Power of Story Send a Tweet        
- Advertisement -
Exclusive to OpEdNews:
OpEdNews Op Eds

Thinking the Unthinkable; The End of Oil:

By       Message Mike Folkerth       (Page 1 of 2 pages)     Permalink

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

View Ratings | Rate It


Author 8520
- Advertisement -

Good Morning Middle America, Your King of Simple News is on the air.


U.S. News: Oil climbed above $135 this morning and seems to have legs to go further. Is the cause for the spike the high oil company profits that the presidential candidates are screaming about? No, the presidential candidates are world champion fabricators searching for a distraction form the truth.


- Advertisement -

So if not high profits, is it the shrinking dollar that is driving the oil price skyward? Nah, the devaluation of the dollar has some influence, but not much. So it must be the speculators that Wall Street talks about huh? No, not that either, speculators couldn’t speculate long if no one paid the asking price for oil.


The legendary oil man T. Boone Pickens put it nicely yesterday when he explained that daily demand for crude is more than 2,000,000 barrels higher than production. He also explained that world production has peaked. Uh-oh, it’s that darn economics 101 in play again.

- Advertisement -


Just a tid-bit of information that you may find useful; King George went to Saudi Arabia and asked them to turn up the juice a little. The Prince for all practical purposes told the King that, “She won’t take no more captain, we’re doing all she’ll stand.” Besides, the U.S. uses more oil per day, than the entire nation of Saudi Arabia produces!


My opinion is that nothing short of a world recession could significantly lower the price of crude. And, should there actually be a deep world recession; the price of crude may be well down on your list of concerns.


What I’m saying is that the world is running out of oil and we have no plan “B” for that coming event. As the imbalance in supply and demand increases…well lets say affordability will become an issue of great concern to motor home drivers.

- Advertisement -


Not being able to afford oil, is the same as not having oil. And, that will be the fate of many Americans, which fate will follow the standard practice of rising from the bottom up. When our poorest people can’t afford fuel for a motor scooter, our more affluent will be taking shorter trips to Europe on their private jets.


Next Page  1  |  2


- Advertisement -

View Ratings | Rate It


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
- Advertisement -

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?