« Last post by wadty on Today at 02:49:57 AM »
i do think oil was the first one to jump and say boo because ALL markets are predicated upon the seamless and unnoticed delivery of oil for all things consumed. It has bit several times since the 1970s and each time our media propaganda obfuscates it with the 'dirty arabs' or lately americas oil renaissance , meanwhile a discovery of magnitude matching that of human population growth has not been seen since the 1960s. i get what you're saying dead.....MEAT! that populations will demand oil when it's affordable and no problems presented along side it. This is the beauty of propaganda bernays envisioned for mass herding of public perception.. Price goes up price goes down, that's all joe citizen needs to know. Any under lying questions about why are laughed off or given convoluted untrue replies and more recently outright hostility. Market manipulation for price has helped immensely to side step the issue of resources particularly in this case of oil. Yes the price has been deflated with the advent of fracking and utilization of unused methods previously discarded/ignored by oil majors. This is the economics/oil bubble. Oil was not ever this closely associated with an economic stimulus before. It was peripheral, but this bubble from beginning in 2009 has oil a primacy ingredient without which the economic bubble i.e. trillions of market dollars would not have been dumped into the market, unless oil was an underlying guarantee in the name of performance. In other words it has been a slight of hand while other indicators fell/failed oil kept economics rolling. Now the leverage that oil has for continued debt build is being called similar to a hand in poker. Many players are looking over their cards to see who will blink and who will call and or raise. Saudi at the moment seems to have the strongest hand, Who will get dealt iran or does iran suddenly become a new/old player to the table?
Now more than ever economies are about oil and only about oil, the rest of it including money known as the petrodollar hinge in the balance. The outcome may not be anything different than a basket of currencies, by that i mean oil will continue to be an obfuscated commodity, but it will most definitely signify the demise of the petrodollar.
Yada Yada Yada i know go back to the sheisha and throwing bones at the dog.