Why Another Oil ShockWave Will Lead to Economic Doomsday – An Interesting Story of Money, Power and Authority


why another oil shockwave will lead toeconomic doomsday

Why Another Oil ShockWave Will Lead to Economic Doomsday – An Interesting Story of Money, Power and Authority.

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6 thoughts on “Why Another Oil ShockWave Will Lead to Economic Doomsday – An Interesting Story of Money, Power and Authority

  1. Thanks for following my blog. I will try to keep it topical and interesting. ;o)

    I noticed that some of your blog post links are blank. (i.e. they don’t open the .pdf files when the links are clicked on).

    Your blog is unusual in that your postings open as .pdf files, perhaps this is because they originate as Slideshare files?

    I feel that if ‘peak oil’ has indeed been reached, then its inevitable that millions of people will starve as the ‘green revolution’ unravels….

      • Thank a lot for visiting my blog. There is some technical problems. The files download in my documents instead of opening. I try to check the links occasionally and notice the problem pointed out by you. I hope WordPress Team will do something about it.

        Peak Oil, itself as you know better than me, is controversial in the sense that many hydrocarbon sites with substantial reserves remain unexplored. In some territories even the explored sites are not fully developed. Food Shortage is another area that needs to discussed further because it seems to be a Curtain Raiser for the Global Launch of Bio-Genetically Engineered Foods. I am working on it and hope that you will also look into it.

        I have shared a number of your reports with my Facebook friends who have liked them very much and commented on them too. I am sure they will also visit your blog.

  2. I wish I had a better understanding of the connection between the recurring oil price shocks and the recurring financial crises.

    Following the 1973 oil shock, I recall Secretary of State Henry Kissinger saying that the oil money would be “recycled”—that is, that the revenues from the increased oil prices would be deposited in the money center banks in New York City, London and elsewhere—and all would be as before.

    The problem is that the banks did invest this wealth constructively, either to the benefit of the oil-producing countries, the developing countries or the industrial countries. Instead the world has gone from one financial crisis to another.

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