Oil : its price its end

January 6, 2007

The price of oil has reached in 2006 its peak returning this current year to where it started. Many have been the reasons given for the exaggerated increase, among them Iraq, Iran, some minor civil wars, Lebanon, etc, etc, but I am thinking that the sudden upsurge in price has a different motivation.

I am thinking that the real reason for this growth in prices is no more no less than an alarm felt by everyone concerned with the exploitation of oil : producing countries, oil corporations, financial system, banking, etc, etc. There are too many economic sectors related to the black gold. That alarm is because apparently oil is starting to become less.

News today is that oil is nearing its peak production and decline. That oil is going towards its end. that new energies must be developed if we want that the capitalistic ship proceeds on its money-making course. A learned geologist forecast in 2005 this was going to happen, and the sudden increase of oil corporations to exert their influence in governments to secure the supply of oil also seems to back that assertion by geologist M.K. Hubbert.

I draw your attention to this item of news appeared yesterday which has every symptom of truthfulness:

http://www.truthout.org/docs_2006/010507A.shtml

I also read today that the European Union is, at long last, vowing for renewable energies, and as I have become along the years suspicious enough not to believe that our leaders profess a tendency to clean the atmosphere or do good to their subjects, this move by the EU affirms my belief that things in questions of oil will change from now on.

Perhaps Nature is wise enough to find out that if it kept supplying oil that would mean its own death and made for the natural resource to dwindle in flowing. I do not know but the coincidence is too much obvious.

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4 Responses to “Oil : its price its end”

  1. Jose said

    And this is the link for the European Union’s news:

    http://michaellee.modernwriters.org/viewtopic.php?t=445

  2. earthpal said

    “Perhaps Nature is wise enough to find out that if it kept supplying oil that would mean its own death and made for the natural resource to dwindle in flowing.”

    I like the sound of that. Nature can and does defend herself. The thing is, we are a part of nature too so why do we continually abuse it?

    Good morning Jose. 🙂

  3. Jose said

    Evening now, Earthpal. May we unite to save our habitat.

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