Shalom All,
I highly suspect the Aomori meeting is just a shadow play for the world's consumption. I think that the syndicates behind the rise in the price of global oil is known to the Group of Eight, and if they truly do not know who is cornering the market then they do not deserve to be leaders in G8.
The reasons they are allowing the rise in speculative oil pricing to dictate global economics is unclear to us at the moment, but is in no small part attributable to the incestuous relationship between energy suppliers, politicians, lobbies, government taxes and global finance.
A decade ago they attacked currencies of developing nations. Before that they attacked minerals. This round it is oil and gas. The next round may be the US dollar or grain, whichever is more vulnerable. It may even be on computer memory futures. The interdependencies between all these and other factors that as yet are unknown to the general public are merely the tools the syndicate continue to use to enrich themselves at the expense of the public.
I have told my friends that the world is like a junkie, reeling from the effects of withdrawal. Every economy is dependent on O&G and the syndicate(s) are relying on the governments who, in their role as pushers, have to appease their respective addicts. Like any individual dependent on narcotics, the option to switch to something else is actually available, and the governments are the ones who can offer something else but are unwilling because of the ease of availability of the much needed substance.
Had or if the world's governments decided to restructure their economies away from O&G dependency or even shift from oil to gas, especially for industrial purposes, there are more than enough carbon resources to sustain global demand, and an unlimited resource in solar, wind and wave energy.
Had certain countries not withheld the development of certain O&G fields within their territory, they could be producing more than enough carbon resources to supply the world's needs even as it weans itself off and onto renewable energy. A case in point in that in Malaysia there are huge gas reserves that could be used to power the electric grid for the next century. However, because the reserves are in a state ruled by the opposition party, the federal government refused to develop the resource because they did not want to pay royalties to a state government that is deemed uncooperative!
There are untapped and undeveloped resources even on the north American continent as is available in central Asia and Siberia. Moreover, the production in the Mid-East has not diminished to critical stages enough to warrant the speculative prices now traded on global markets. All the talk about increase in demand (because of China and India) and a reduction in supply (not happening at all) is a smokescreen and the reactions across the world is kneejerk as the cartel is now demanding higher prices for their crack stuff. The funny thing is that it is all above board! The cracked stuff is legal -- despite the overtures at appeasing greenies (another diversionary tactic) -- and people have to realise that only they can move their respective leaders to convert from being pushers to being honest administrators who have the well-being of their citizens foremost in mind.
I suspect that this will all break down in a while but not before the cartel and syndicates enrich themselves sufficiently at our expense and determine our breaking point. Knowing which buttons to push is perhaps more important than letting the pot boil over in an uncontrolled fashion.
Edited by user Monday, June 9, 2008 5:56:57 AM(UTC)
| Reason: Not specified
