FROM OIL GLUT TO OIL DROUGHT
Peter LeGuillou
July 01, 2008
Two years from now, in 2010, a large percentage of interstate travel, shipping and air carrier service will cease to function. I will explain that in a minute. The exact percentage is unknown, but I would think it is over 50 percent. Also, a massive failure of the banking system of the United States will put most business in dire jeopardy. Furthermore, without interstate trucking there will be sporadic food shipments in the United States. In short, 2010 is the year that the US ceases to function as a nation and splinters into dozens of isolated regions without energy or food or work. The outcome is rioting, looting, murder and fear of everything. The local, state and federal governments will be helpless because they cannot respond to the scene or enforcement is overwhelmed.
The causes are several including rapid declines in oil imports. Lately, the price of a barrel of oil has doubled in one year. By 2010 it may cost over $300 a barrel. Oil is less plentiful when more nations import more and more each year. And drilling for new oil has been a complete failure in the sense that oil production remains the same while demand soars. Comments from OPEC to increase production are simply lies.
In addition, it is a fairly safe assumption that investment banks are speculating in the oil markets. These banks are mostly located in the United States. Furthermore, the banks have been damaged by the subprime mortgage debt crisis. They are holding a lot of bad paper that if put out on the market would not find a buyer. This is why the Federal Reserve Bank agreed to take the bad paper as collateral for temporary cash loans. The investment banks have the Federal Reserve Banks OK to invest the money as it sees fit. I believe it is a secret how it is invested; but I can only put two and two together and come up with speculation in the oil futures market. The profits from this speculation, which is executed with great precision, goes toward redeeming the bad subprime mortgage paper. The Congress of the US wants this sort of investment to occur in order to help ease the home foreclosure debacle. It will also flush the bad paper out of the system and open the way for new loans to homeowners in distress and home buyers in general. To insure the success of the speculation, congress resists drilling for new oil in the US territory. If the market knows that new oil will come into the market, the speculation formula will cease to function smoothly. This is pure conjecture but it makes sense to this writer. In the past 20 years "voodoo economics" has taken on a whole new meaning for the creation of dubious investment instruments.
Using the astrology chart of the United States of America, the situation looks very grim for these investment banks perched as they are on a slender limb of creative finance. I have already been correct about the housing crisis/debt crisis of 2007 in terms of astrology analysis. And the topping off of housing prices in 2006, after years of rapid gains, was also predicted by the astrology. The dot com collapse of 2000 was again clearly evident in the astrology. By reason of consistency in predictive accuracy, I must conclude that the year 2010 is one more massive shock to the economy of our nation and, indeed, the entire world. I use the Gemini rising chart in case any reader is interested in that aspect of it.
There is a way out. But it requires immediate action of the kind that can only work in a state of war emergency. A war must be declared on inefficiency of operations where energy is concerned here in our country. Frivolous things must be removed from budgets. Pay cuts from the President to the janitor. Funds created to aid the unemployed. Incentives to use solar energy would be useful. Instruction on how to grow food at home is useful to know, as well. Curfews and enforced blackouts are needed. Driving cars is by permission only, not arbitrary. And other ideas, probably too draconian to mention, come to mind. In short, no more thinking things will get better because they will not. The shortage of fossil fuel is real and, although it is probably too late, new drilling in Alaska and off the coastlines would help, not hurt, the situation. This is what the astrology suggests, this analyst can only fill in the gaps.
Lastly, the perpetrators, lenders and borrowers and those who created the bad paper or abused the system, of the subprime fraud must be brought to justice.
No one wants millions freezing or starving to death or dying of thirst. The fuel that remains must last much longer than it normally would to maintain a functional society. If my suggestions are taken seriously, this will occur. But Congress and governments must act now. The joy ride is over. Otherwise, things will be more miserable than even I can imagine. A stitch in time, saves nine.
The causes are several including rapid declines in oil imports. Lately, the price of a barrel of oil has doubled in one year. By 2010 it may cost over $300 a barrel. Oil is less plentiful when more nations import more and more each year. And drilling for new oil has been a complete failure in the sense that oil production remains the same while demand soars. Comments from OPEC to increase production are simply lies.
In addition, it is a fairly safe assumption that investment banks are speculating in the oil markets. These banks are mostly located in the United States. Furthermore, the banks have been damaged by the subprime mortgage debt crisis. They are holding a lot of bad paper that if put out on the market would not find a buyer. This is why the Federal Reserve Bank agreed to take the bad paper as collateral for temporary cash loans. The investment banks have the Federal Reserve Banks OK to invest the money as it sees fit. I believe it is a secret how it is invested; but I can only put two and two together and come up with speculation in the oil futures market. The profits from this speculation, which is executed with great precision, goes toward redeeming the bad subprime mortgage paper. The Congress of the US wants this sort of investment to occur in order to help ease the home foreclosure debacle. It will also flush the bad paper out of the system and open the way for new loans to homeowners in distress and home buyers in general. To insure the success of the speculation, congress resists drilling for new oil in the US territory. If the market knows that new oil will come into the market, the speculation formula will cease to function smoothly. This is pure conjecture but it makes sense to this writer. In the past 20 years "voodoo economics" has taken on a whole new meaning for the creation of dubious investment instruments.
Using the astrology chart of the United States of America, the situation looks very grim for these investment banks perched as they are on a slender limb of creative finance. I have already been correct about the housing crisis/debt crisis of 2007 in terms of astrology analysis. And the topping off of housing prices in 2006, after years of rapid gains, was also predicted by the astrology. The dot com collapse of 2000 was again clearly evident in the astrology. By reason of consistency in predictive accuracy, I must conclude that the year 2010 is one more massive shock to the economy of our nation and, indeed, the entire world. I use the Gemini rising chart in case any reader is interested in that aspect of it.
There is a way out. But it requires immediate action of the kind that can only work in a state of war emergency. A war must be declared on inefficiency of operations where energy is concerned here in our country. Frivolous things must be removed from budgets. Pay cuts from the President to the janitor. Funds created to aid the unemployed. Incentives to use solar energy would be useful. Instruction on how to grow food at home is useful to know, as well. Curfews and enforced blackouts are needed. Driving cars is by permission only, not arbitrary. And other ideas, probably too draconian to mention, come to mind. In short, no more thinking things will get better because they will not. The shortage of fossil fuel is real and, although it is probably too late, new drilling in Alaska and off the coastlines would help, not hurt, the situation. This is what the astrology suggests, this analyst can only fill in the gaps.
Lastly, the perpetrators, lenders and borrowers and those who created the bad paper or abused the system, of the subprime fraud must be brought to justice.
No one wants millions freezing or starving to death or dying of thirst. The fuel that remains must last much longer than it normally would to maintain a functional society. If my suggestions are taken seriously, this will occur. But Congress and governments must act now. The joy ride is over. Otherwise, things will be more miserable than even I can imagine. A stitch in time, saves nine.
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