Two Beers with Steve and Stoneleigh

Listen to the full interview at http://twobeerswithsteve.libsyn.com/index.php?post_id=629329

Category:

Education

Tags:

• The Automatic Earth
• Nicole Foss
• Stoneleigh
• Ilargi
• deflation
• depression
• credit crisis
• energy
• peak oil
• two beers with steve
• stephen patterson

[sromag]

I love this woman... she is really down to earth and not as much of a doomsayer as ppl like gerald celente.... (who by the way i also like a lot.)

[Pikaaoil]

rollsthepaul mentions abiotic oil and collapse in the same sentence...they are not extracting oil from these so-called 300 deep wells...they have conventional oil coming from their giant oil fields in Samotlor and Romashkino.  Russia had an economic collapse in the 90's which resulted in a slowdown of their oil output. Yes, Russia is pumping high volumes today (not abiotic - even if it exists), and these Russian conventional oil fields are in decline since the 80's.

[envincible]

i don't get how credit will disappear. won't the fed create more M1, pump that m1 to the banks so they can expand it to make more m3?

[drkevincampbell]

Foss is 100% correct.

[rollsthepaul]

@panstriato2 Russia has 300 of these 5-8 mile deep wells and it has made them the biggest oil producer in the world.

[panstriato2]

@rollsthepaul Good luck digging 5-8 miles.

[rollsthepaul]

We know that oil supplies are virtually limitless. Oil is not a fossil fuel and there is an unbelievable supply about 5-8 miles deep and it is abiotic.

Silver is a much better purchase than gold. Silver is the upcoming "currency of the people".

Small tribal groups are the future, after the collapse.