Ron Paul on Iran & Energy (C-SPAN 6/26)

[brownsfan019 17]

Interesting piece from Ron Paul. Sounds like we might see some 'volatility' in the near future....

 

[atto 20]

He's the only politican whose intelligence has truly impressed me.

[cole 10]

Paul has a vast understanding of the economic system, foreign policy, health care system, and domestic policy. He would certainly help remedy the struggling American (and subsequently world) economic system.

[Soultrader 12]

Ive been reading A Thousand Barrels A Second and surprised at my own ignorance of energy resources. Its been quite an insightful read as I possessed no knowledge of this market prior to it. What was fascinating for me was to learn that mankind used whale oil for energy prior to the switch to crude oil. Also, as there is a correlation between a country's economic progress and oil consumption... knowing that only only 8 out of 1,000 people in China possess vehicles is quite scary. Compare that with a global average of 120 out of 1,000 and 800 out of 1,000 in the US.

 

The world itself is not really running out of oil. It is just becoming harder to find and more expensive to explore. This is due to the fact that easy locations no longer exists and men must explore in extreme areas of the world. I mean were are getting pretty desperate.. take a look at this article from yesterday.

 

Below chart shows the total volume of oil discoveries in the past years. Pretty scary stuff.