James Kunstler and Peak Oil

Kaligula

Woodpecker
Eazy_E said:
Fuck the Saudi sheiks. We're energy independent, we don't need them. Between the US, Mexico, and Canada, we're fine. Everybody else and their buyers though, might be panic time.

The end of petrodollar is the end of dollar as a reserve currency. Radical devaluation would follow.
 

Kaligula

Woodpecker
Oberrheiner said:
I'm only discovering this .. so it's iran ?

How convenient, the US wanted to go there forever ..

No one knows for sure. Iran I don't think so. Why would Iran want to destabilize international oil markets? For Iran, it would be much better to create havoc in KSA itself... by striking at water desalination plants, for example.

Maybe Yemen/China combo, following cui bono deduction. Maybe Saudi/China.
 

Laner

Hummingbird
Gold Member
Eazy_E said:
Fuck the Saudi sheiks. We're energy independent, we don't need them. Between the US, Mexico, and Canada, we're fine. Everybody else and their buyers though, might be panic time.

If you haven't heard, Canada is closing down its oil and gas industry. Most of the east of Canada now runs off Saudi oil. At least up to this week, now they are scrambling and fearful of the coming winter.

Should this be in the clown world thread?
 
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