Monday, May 12, 2014

Why #peakoil must be ignored or denied by government

Peak Oil : "They CANNOT talk about peak oil, much less implement plans to mitigate the problems of peak oil — not publicly, anyway. The reality of peak oil MUST be kept quiet.
Why?
Because the moment that government recognition of peak oil is made public, the stock market will crash, banks and businesses worldwide will flip onto their backs and wiggle their little legs for a while and then die — in other words, global economic crash and subsequent collapse.
The only thing keeping the global economy and the stock market sleezing along is the confidence of millions of investors living in a state of denial and the multiple trillion$ of freshly printed money being pumped into the system.
But don’t take my word for it. Read this:
Stock Market will Crash when Investors realize Peak Oil is Real
“David Fridley, an expert on oil economics, worked under Chu. In an interview given in 2009, Fridley claims, “[Chu] was my boss…He knows all about peak oil, but he can’t talk about it. If the government announced that peak oil was threatening our economy, Wall Street would crash. He just can’t say anything about it.” (Morrigan)
A whistleblower at the IEA alleged that oil reserves had been overstated, and that the IEA had downplayed the lowering rates of production because it feared panic could spread on the financial markets if the figures were brought down further. ‘Politicians are terrified of mentioning peak oil,’ says Chris Skrebowski, director of Peak Oil Consulting and former editor of respected industry magazine Petroleum Review. ‘They are frightened of the social and financial reactions. Peak oil has been placed on the pile marked “too difficult” (Rowe).”
energyskeptic.com/2012/stock-market-will-crash-when-investors-realize-peak-oil-is-real/

the above is comment by Northwest Resident on Mon, 12th May 2014 9:59 am 

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