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peak oil for the west

Canuck

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The West is at a time in history where oil has peaked
Experts estimate that Americans consume more than 25 percent of the world's oil but have control over less than 3 percent of its proven oil supply. This unbalanced pattern of consumption makes it possible for foreign governments, corrupt political leaders, terrorist organizations, and oil conglomerates to hold the economy and the citizens of the United States in a virtual stranglehold. There is no greater proof of this than the direct relationship between skyrocketing gas prices and the explosion of wealth among those who control the world's supply of oil.
http://shop.wnd.com/store/item.asp?ITEM_ID=1769

The PETRO~Euro scares the heck out of Americans litterally,it would mean each American $ would be minus 40% buying power
Moving towards a petroeuro system? Russia, Venezuela and some OPEC

In a report headlined "Project Censored presents the 10 biggest stories the mainstream media ignored," Camille T. Taiara writes: Just four days before the 2004 (USA) presidential election, a prestigious British medical journal published the results of a rigorous study by Dr. Les Roberts, a widely respected researcher.

Roberts concluded that close to 100,000 people had died in the invasion and occupation of Iraq ... most were noncombatant civilians ... many were children.

But that news didn't make the front pages of the major newspapers. It wasn't on the network news. So most voters knew little or nothing about the brutal civilian impact of President George W. Bush's war when they went to the polls.

That's just one of the big stories the mainstream news media ignored, blacked out, or underreported over the past year, according to Project Censored, a media watchdog group based at California's Sonoma State University.

The Petro euro is another story that has seen little to no vetting in the media

Every year project researchers scour the media looking for news that never really made the news, publishing the results in a book, this year titled Censored 2006. Of course, as Project Censored staffers painstakingly explain every year, their "censored" stories aren't literally censored, per se. Most can be found on the Internet, if you know where to look. And some have even received some ink in the mainstream press. "Censorship," explains project director Peter Phillips, "is any interference with the free flow of information in society." The stories highlighted by Project Censored simply haven't received the kind of attention they warrant, and therefore haven't made it into the greater public consciousness.

"If there were a real democratic press, these are the kind of stories they would do," says Sut Jhally, professor of communications at the University of Massachusetts and executive director of the Media Education Foundation.

The stories the researchers identify involve corporate misdeeds and governmental abuses that have been underreported if not altogether ignored, says Jhally, who helped judge Project Censored's top picks. For the most part, he adds, "stories that affect the powerful don't get reported by the corporate media."

+++++++++++++++++++

The Bush administration has been paying a lot more attention to Iran recently. Part of that interest is clearly Iran's nuclear program -- but there may be more to the story. One bit of news that hasn't received the public vetting it merits is Iran's declared intent to open an international oil exchange market, or "bourse." Not only would the new entity compete against the New York Mercantile Exchange and London's International Petroleum Exchange (both owned by American corporations), but it would also ignite international oil trading in euros.

"A shift away from US dollars to euros in the oil market would cause the demand for petrodollars to drop, perhaps causing the value of the dollar to plummet," Brian Miller and Celeste Vogler of Project Censored wrote in Censored 2006.

"Russia, Venezuela and some members of OPEC have expressed interest in moving towards a petroeuro system," he said. And it isn't entirely implausible that China, which is "the world's second largest holder of US currency reserves," might eventually follow suit.

Although China, as a major exporter of goods to the United States, has a vested interest in helping shore up the American economy and has even linked its own currency, the yuan, to the dollar, it has also become increasingly dependent on Iranian oil and gas.

"Barring a US attack, it appears imminent that Iran's euro-dominated oil bourse will open in March, 2006," Miller and Vogler continued. "Logically, the most appropriate US strategy is compromise with the EU and OPEC towards a dual-currency system for international oil trades."

But you won't hear any discussion of that alternative on the six o'clock news.
http://vheadline.com/readnews.asp?id=46690

To recap, 'Peak Oil' claims that because today we only find one barrel of oil for every four that we use, world oil reserves are running out. Completely misleading propaganda. as the Russians [and the CIA] know perfectly well, reserves of oil in the mantle of the earth are infinite. 'Peak Oil' also claims that we will shortly be unable to pump sufficient oil out of the ground to keep up with demand. Completely misleading propaganda again. We could drill more wells, but Wall Street cannot afford to pay for them, and never intended to, at least not while it still believed conquest and eternal occupation of the Middle East was a realistic possibility.
Professor Poleo makes it quite clear which direction the west needs to go in if it is to survive in the long term, and that is to follow Russia's example by sharply reducing domestic consumption. Back in 1990 America was using around 6 million barrels per day compared to Russia's 8.4 million, but how things have changed since then. Thirteen years later in 2003, American consumption was up to 9 million, while Russian consumption had been reduced to a mere 3.2 million. A few billion folk over there in America might like to walk around their houses and switch off any electrical appliances they don't actually need. Believe me, I can almost hear the oil surging through the pipelines in New York, and I live more than 12,000 miles away in Australia.
http://www.vialls.com/wecontrolamerica/peakoil.html
Bush has pushed the debt up to staggering levels in an effort to forstall the PETRO~EURO
but It wont stop it .
The resulting unraveling of the American $ will shave an estimated
40% off the buying power of each US $
if you make 1000$ a wk .,it will be only worth 600 $ a week
in purchasing power

yet the media has been silenced about this

watch it unfold over the next 3 years


Russian built oil wells 47,000 FT deep
Welcome to the White Tiger oil field in Vietnam. Observe the truly amazing oil
flares, in an area the Americans officially declared 'barren' of oil reserves !
 

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