The cheapest way to get oil is to steal it.
Except for Kirkuk, Iraq, there is basically no easy-to-get oil left in the ground.
Why is oil so precious? Isn't there a glut? No. US shale loses money on every barrel. It's subsidized by debt. Saudi oil is half water and going more and more for air conditioning every year.
The entire developed world, it's transport systems, manufacturing, farming, and military are dependent on liquid fuel. There is no substitute for oil. Whoever controls oil has great power.
The government of Venezuela is subservient to the bankers, but they have some leverage. But this is competition, not war. There will be no US/Russia war. They are rivals, not enemies. All major governments serve the banks.
When oil was cheap, debt was run up on the expectation that it would always be so. The world now has $250 trillion in debt. The banks will use government power against us, the common people, who work every day to pay the interest on the debt.
What to do. Make buses fare-free in your town. Move away from autos. Be resilient.
Except for Kirkuk, Iraq, there is basically no easy-to-get oil left in the ground.
Why is oil so precious? Isn't there a glut? No. US shale loses money on every barrel. It's subsidized by debt. Saudi oil is half water and going more and more for air conditioning every year.
The entire developed world, it's transport systems, manufacturing, farming, and military are dependent on liquid fuel. There is no substitute for oil. Whoever controls oil has great power.
The government of Venezuela is subservient to the bankers, but they have some leverage. But this is competition, not war. There will be no US/Russia war. They are rivals, not enemies. All major governments serve the banks.
When oil was cheap, debt was run up on the expectation that it would always be so. The world now has $250 trillion in debt. The banks will use government power against us, the common people, who work every day to pay the interest on the debt.
What to do. Make buses fare-free in your town. Move away from autos. Be resilient.
