It is one thing to ‘speculate’ what the, er, ‘owners’ of our society are up to and quite another to have that speculation confirmed.
Goldman Forecasts ‘Substantially Higher’ Prices for Crude in 2011, 2012
Goldman Sachs Group Inc. forecasts “substantially higher prices” for oil in the second half of 2011 and 2012 as the global inventory surplus is exhausted.
“We believe that forward price levels offer good hedging opportunities for calendar 2011/2012 for consumers despite the recent rally,” Goldman analysts led by Allison Nathan and Jeffrey Currie said in a note to clients yesterday.
“We expect the supply-demand balance to continue to tighten in the fourth quarter of 2010 as continued global economic growth, albeit likely at a slower pace than in the first half, continues to strengthen demand,” the note said. “Moving into the second half of 2011 and 2012, we expect the global inventory surplus to be exhausted and OPEC spare capacity to be drawn on to balance the market, leading to substantinally higher prices.”
Naturally, this is only half of the story. My ‘source’ for this story has this to add:
The Old One – Two: While Goldman sees “substantially higher prices” for oil in late 2011 into 2012 as global petroleum surpluses are drawn down, OPEC Members are disinclined to wait, seeking $100 a barrel oil soon to compensate for the 13% decline in the dollar.
So, show of hands good citizen, how many of you saw a 13% raise to offset this corresponding drop in YOUR purchasing power?
Notice how only those who own their own businesses have their hands up? Which only goes to prove, if you work for a paycheck, regardless of how big it is, YOU’RE A FUCKING PEASANT!
(Don’t go getting all pissy now, I work for a paycheck too, and a tiny one to boot!)
Please note: this Bloomberg article does NOT announce ‘TEOTWAKI’. This is mostly because life will proceed as it always has for the owners of ‘Bloomberg terminals’. The ‘read between the lines’ here is: Warning, life is about to become much more dangerous!
Hopefully I don’t need to draw you pictures to prove that even a modest increase in energy prices will wreak havoc on a large segment of our domestic population.
Case in point, when fuel prices only briefly flirted with $4 a gallon, foreclosures went through the roof! In the past couple of weeks gasoline has bounced from roughly $2.50 per gallon to $2.75…this is just the opposite of what it did during Republican administrations as we approached Election Day.
If you’re retarded enough to vote Republican in the coming election, you’re going to get what you deserve!
(Not that I think voting for either ‘party’ will do you any good, regardless.)
Since our entire civilization is based on ‘cheap and abundant’ energy, our entire ‘social model’ ceases to function when energy is neither.
However, it is highly debatable just how ‘real’ the crisis is since there is no way to know for sure just how much energy remains.
The current crisis is all about ‘comfort levels’. I suspect the plan is, since it is eventually going to happen anyway, to ‘pull the plug’ early so the ‘pirates’ who rule us have a fighting chance.
This means killing as many of us as possible.
Sorry but there is no way to ‘candy coat’ this. The rich have already proven that they don’t give a fuck about you and yours.
If I don’t quit here I’ll launch into a tirade about letting criminals rule us…and that’s a sure way not to win the hearts and minds of the people I’m trying to help.
I guess the difference would be that I wouldn’t ‘point a finger’ at you for something you have no choice in.
The elections are ‘fixed’ and only serve to provide ‘the illusion’ of participation, in the end you decide nothing.
And perhaps that’s the most damning condemnation I can lay at society’s feet.
Thanks for letting me inside your head,
Gegner
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