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Re: MWM post# 6465

Monday, 05/07/2012 10:41:45 AM

Monday, May 07, 2012 10:41:45 AM

Post# of 7280
Ironic that gasoline is one of our fastest growing exports due to increasing levels and lower demand in the U.S. all the while gasoline is higher at the pump!

People get emotional and take the bait of talking points from MSN, Fox News, CNN, Hannity, Maddow etc... and never really look at the facts that are available.

We are an energy rich nation and there are many other factors that come into play.

Ever read the following?:

The Oil Card

Global Economic Warfare in the 21st Century

By James R. Norman

Challenging the conventional wisdom behind oil pricing, this compact book sheds an entirely new light on the workings of "free" commodity markets and oil industry supply and demand "fundamentals." Its purpose is to look at the use of oil as an economic weapon.

The book assembles a now well-documented chronology of how the US and its allies, including Saudi Arabia, pushed down oil prices dramatically in the 1980s, and kept them low for a decade. It was a concerted and stunningly successful effort to break the former Soviet Union by depriving it of desperately needed hard-currency income.

It then raises the question whether those same price-control levers have lately been pushed in the opposite direction to rein in another target: the oil-short Peoples Republic of China. Contrary to popular perceptions, media commentary and official explanations, the book methodically lays out the geopolitical logic and the market mechanisms behind the stunning 12-fold run-up of oil prices from 1998 to mid-2008. It also offers an explanation for the sudden price drop from almost $150/barrel to under $100 as Russia again flexed its muscle by invading Georgia.

This timely and unorthodox analysis offers a clear and compelling explanation for the huge and otherwise unjustified gyrations in oil and other commodity prices in recent years. It also contains unique viewpoints on the reasons behind the US invasion of Iraq in 2003 and the fall of Russian oil major Yukos. The book will appeal to a broad audience—from students and practitioners of geopolitics to hard-pressed consumers and energy producers wondering how long windfall prices can defy gravity.


cont... http://theoilcard.com/

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