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FSN: Is the Age of the PetroDollar Over?
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
from The Daily Bell
U.S. to Overtake Saudi Arabia, Russia as World’s Top Energy Producer … Oil derricks like this one … are part of a shale oil boom that has helped put the United States on track to overtake Saudi Arabia as the world’s leading oil producer. In an indication of how “fracking” is reshaping the global energy picture, the International Energy Agency today projected that the United States will overtake Saudi Arabia as the world’s largest oil producer by 2017 … – National Geographic
Dominant Social Theme: What a surprise. The US has oil!
Free-Market Analysis: For some ten years now, we’ve been writing that Peak Oil was a power elite dominant social theme and that the idea of oil scarcity was fraud.
Well … surprise, surprise. Turns out the West – particularly the US – is just brimming with oil. Of course, this is no surprise to us. Heck, we think oil is abiotic, at least partially, cast up by geological processes. If we had to guess, we’d say oil is one of the most plentiful resources on the planet. It ranks right up there with food and water.
Continue Reading at TheDailyBell.com…
2012-11-14 17:02:46
Source: http://silveristhenew.com/2012/11/14/is-the-age-of-the-petrodollar-over/
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