!!! Breaking, IEA to give emergency press release at 9am !!!

The global financial system is fucked, yes. However, there are many who say that this too is manipulated from behind the scenes to such an extent that today's so-called financial "crisis" had been intended from the beginning, by those who command the most power on this planet.

As for the price of crude oil and the hydrocarbon market situation in general, that is definitely wholly and completely manipulated by those who benefit most, i.e: the world's seven largest energy companies.

For instance, not many people know this today because it has been both successfully and deliberately hidden, but the US still easily has enough reserves of oil and natural gas, -- to say nothing about coal -- to supply its own needs indefinitely. The notion that we are "running out of oil" in this country is false.

It is well-known that there are huge reserves of liquid petroleum and natural gas in the Eastern Gulf of Mexico, for one example. But "Big Oil" has paid politicians in Florida and elsewhere (there are also significant untapped reserves off both the East and West coasts of the US) in the offshore Continental Shelf of US territory. And in addition to this there are huge and known reserves of liquid petroleum in the Great Plains of the US as well as significant deposits of oil sands, oil tars and shale in the Rocky Mountain region of this country. All of these things are fact and yet most have been brainwashed into thinking that the US can no longer supply itself with its own conventional energy resources. And of course none of this includes the various alternative forms of energy production.

The bottom line here is that it is a total fallacy that the planet has a "shortage" of petroleum reserves because not only are there still significant and untapped supplies in the US and elsewhere in North America but massive reserves remaining in South America, Africa, Asia, Australia, vast areas of ocean bottom and so on and so on. And again, there are numerous alternative methods for energy production which are fully understood and for which the technology already exists but which are not being utilized.

But the energy industry on this planet deliberately exercises its vast financial resources in an ongoing propaganda campaign to create the false belief system of "Peak Oil" and other fairy tales in order to maintain its control over and ability to manipulate the global energy commodities markets. As long as the masses continue to fall for this propaganda exercise then the energy industry will continue to perpetuate its current practices.

The purpose is to temporarily mask the growing effects of peak oil so that the economy has an artificial low energy price rebound. The reason it is being done now when prices are already dropping is it will take a few months of ripple effect for it to peak the artificial boost in the economy and Obama needs that to peak prior to the elections not after. The crashing economy is what is going to do in Obama more then anything else. The Bin Laden dog and pony show only helped things slightly for him so he needs much much more.

So apparently they have finally stopped denying to themselves that peak oil is the root cause of our collapse and this is their bandaid for now. Problem is after the so called undulating plateau of ongoing economic catastophe it does a rocket ride straight down. No strategic reserve or any president no matter who they are can prevent that.

Do y'all think that recalling the military out of one place may be placing them in or near Libya? the call up of Marines that I have read on here may be for that, the opening of the reserves may be that we are getting ready to go to war in the next week or two?

The purpose is to temporarily mask the growing effects of peak oil so that the economy has an artificial low energy price rebound. The reason it is being done now when prices are already dropping is it will take a few months of ripple effect for it to peak the artificial boost in the economy and Obama needs that to peak prior to the elections not after. The crashing economy is what is going to do in Obama more then anything else. The Bin Laden dog and pony show only helped things slightly for him so he needs much much more.

So apparently they have finally stopped denying to themselves that peak oil is the root cause of our collapse and this is their bandaid for now. Problem is after the so called undulating plateau of ongoing economic catastophe it does a rocket ride straight down. No strategic reserve or any president no matter who they are can prevent that.

The top shorted but needed an excuse to hide behind.

The release of an insignificant amount of oil...

The general population of braindead morons...you...will be forced to accept it.

Why did oil cave?

because the bottom...The general population of braindead morons...you...can't support the prices anymore.

The top know this because...you all...supply the top with everything wholesale...they then mark it up and sell it to you retail.

The top lives off the difference between the wholesale caost and the retail price.

the top lives off the yield from the bottom.

But you all can't continue paying the current retail prices anymore...so the retail prices have to drop.

which means teh wholesale cost has to drop as well.

The top who was raising the prices to begin were hiding behind the excuse all you brain dead morons currently believed.

Needed to come up with an new excuse to replace the old excuse so you all don't realize that the top began shorting oil to drive the prices down.

To extract yield...because the prices can't rise anymore.

It's all a smoke an mirrors show...

It's a sign the recovery or inflation out of the 2008 deflation is not working.