There is no investment in the oil industry for a great reason. peak oil occurred in 2006 according to Fatih Birol, head of IEA. There is no more cheap oil. The oil based economy is collapsing. Fiat currencies will hyper-inflate; rocky times ahead.
@Dewdaahman Oil price never went higher then 147.25$/b (WTI crude oil). Of course the weak economy and money printing is the problem but thats just the part of it. Tell me why the US oil production went from its peak in 1971 (9.5 mil.b/day) to less them 5 mil.b. /day in 2011? Tell my why Mexico peaked in 2004, Russia in 2008, Venezuela 1970, Norway 2001, United Kingdom 1999, Australia 2000, Egypt 1993, Syria 1995, Iran 1974, Japan 1933 and list goes on and on? Tell my why world peakd in may 2005
Of course, they think you're retarded. Only a retarded country would decide to accept goods and services from the developing world and export dollar bills. If you want the value of the dollar to go up, do everything to encourage America to cut its consumption. Vote for politicans that'll raise interest rates so that America can move away from a consumer-based economy that's flooding the world with worthless u.s. treasury bills. Vote to eliminate the dollar as the world's reserve currency.
Even if you manage to do that, surging demand from the rest of the world will keep pressure on oil supplies. Economic development requires more energy (oil). As the developing world tries to catch up with the developed world, the world will use up more of the finite fossil fuel deposits in the Earth's crust.
Frankly that is $200 a barrel with current dollar values, in reality with a falling dollar the next guess is as good as mine where oil is going, one thing is for sure its going North.
A dollar can get a lot more work done outside of America than inside America. Globally, there's a surplus of labor which means there's downward pressure on wages.
natural gas........somebody listen to T Boones Pickets for once.......
Andreas748 4 months ago
0:40 HAHAHa SERIOUS SHHHTROUBLE :)
MrEurgbp 6 months ago
were screwed. middle east has no oil either (not much)
yourmajezty 6 months ago
There is no investment in the oil industry for a great reason. peak oil occurred in 2006 according to Fatih Birol, head of IEA. There is no more cheap oil. The oil based economy is collapsing. Fiat currencies will hyper-inflate; rocky times ahead.
vengance89 8 months ago 2
haha "america's in serious shi-trouble"
strasheep 9 months ago
Comment removed
Dewdaahman 9 months ago
Comment removed
Dewdaahman 9 months ago
@Dewdaahman Oil price never went higher then 147.25$/b (WTI crude oil). Of course the weak economy and money printing is the problem but thats just the part of it. Tell me why the US oil production went from its peak in 1971 (9.5 mil.b/day) to less them 5 mil.b. /day in 2011? Tell my why Mexico peaked in 2004, Russia in 2008, Venezuela 1970, Norway 2001, United Kingdom 1999, Australia 2000, Egypt 1993, Syria 1995, Iran 1974, Japan 1933 and list goes on and on? Tell my why world peakd in may 2005
vlada881 9 months ago
Comment removed
Dewdaahman 9 months ago
@Dewdaahman Find me the link of that information. I will be glad to see it.
vlada881 9 months ago
Of course, they think you're retarded. Only a retarded country would decide to accept goods and services from the developing world and export dollar bills. If you want the value of the dollar to go up, do everything to encourage America to cut its consumption. Vote for politicans that'll raise interest rates so that America can move away from a consumer-based economy that's flooding the world with worthless u.s. treasury bills. Vote to eliminate the dollar as the world's reserve currency.
DaFuckyouat 9 months ago
Even if you manage to do that, surging demand from the rest of the world will keep pressure on oil supplies. Economic development requires more energy (oil). As the developing world tries to catch up with the developed world, the world will use up more of the finite fossil fuel deposits in the Earth's crust.
DaFuckyouat 9 months ago
Excellent work vlada. I have uploaded the full interview on my channel.
antitheistpansy 9 months ago
@antitheistpansy Thats great. Thanks for the information. I was looking for it all over the internet but I couldnt watch BBC from my country.
vlada881 9 months ago
America is in serious shit.... hahaha Very funny!
Yeah! Why cant I see the whole interview?
chilitoito 9 months ago
@chilitoito /watch?v=FVPt04ySYRE&feature=channel_video_title. Its in description.
vlada881 9 months ago
0:41 - America's in serious s**t - trouble - lol
I watched this interview, afterwords I've been watching Jim in many other videos, I'm liking what i'm hearing from him.
EnzoAmataTV 9 months ago
@EnzoAmataTV can you please send us a link. I can't watch it on BBC as i live in the US.
Thanks
Somair6469 9 months ago
@Somair6469 What? Your watching the clip right here on YouTube.
EnzoAmataTV 9 months ago
@EnzoAmataTV its a 2 minute clip its actually a 30 min interview
Somair6469 9 months ago
So how about Lindsey Williams who states that the US has hidden untapped Oil reserves ?
AmerikanTube 9 months ago
want full interview too
WenseJY 9 months ago
ace for the video!
L9PoloPa 9 months ago
Frankly that is $200 a barrel with current dollar values, in reality with a falling dollar the next guess is as good as mine where oil is going, one thing is for sure its going North.
DukeofWellington91 9 months ago
A dollar can get a lot more work done outside of America than inside America. Globally, there's a surplus of labor which means there's downward pressure on wages.
DaFuckyouat 9 months ago
does anyone have the full interview?
BraunDang 9 months ago