Surviving Capitalism (Not) : What’s Really Going on With Oil?

We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Sunday, January 24, 2016

What’s Really Going on With Oil?

Click here to access article by F. William Engdahl from New Eastern Outlook.

Engdahl looks at a variety of data and concludes that things do not add up to today's low oil prices. Could conspiracies be behind this? Nah, conspiracies such as people getting together in secret to make nefarious plans simply do not exist! (sarcasm)

If there is any single price of any commodity that determines the growth or slowdown of our economy, it is the price of crude oil. Too many things don’t calculate today in regard to the dramatic fall in the world oil price. In June 2014 major oil traded at $103 a barrel. With some experience following the geopolitics of oil and oil markets, I smell a big skunk. Let me share some things that for me don’t add up.