(February 9, 2016 at 2:50 am)Thumpalumpacus Wrote: Maybe you'd be so kind as to quote where I argued that we hadn't?I got carried out and ignored the parts of your post, which condemned the intervention in Iraq and the support of Israel..
Accept my apologies if you may.
Quote:Well, the fact is that
The dollar petrodollar was a valued commodity because of American stability, not because the oil came from this or that country.
Thumpalumpacus; a link like that won't do the trick.
What I mean is; market exchange is something, and "robbing" is something else.
Do you seriously believe, that Al-Saud & U.S corrupted officials, would let out the numbers of barrels exchanged for free ?
As for importing from Canada; Tar Sands are has scary implications :
http://www.desmogblog.com/top-10-facts-c...nformation
It's more destructive to the environment than regular oil extraction.
Canada can supply the U.S, but can it supply to the whole world ? that I doubt. Let's assume other countries also used this method, I think pollution levels would kill us by then.
Conventional oil is still very highly needed.
Quote:The world wouldn't fall. There would be an economic crisis, perhaps, but the other oil producers -- Russia, Canada, Indonesia, Nigeria, Venezuela, and others -- would rake in a fortune at the higher prices. On the other hand, if -- make that when -- the Middle East runs dry, you will see Saudi Arabia slide into irrelevance and probably revolution. I, for one, won't shed a tear.Me too. After all, the Sauds sold themselves, the land & the people to America & Britain. A revolution there would be a good riddance.
As for the economic crisis, we are actually living one that might bring the market crumbling; in case you didn't notice:
http://www.forbes.com/sites/bryanrich/20...d311871084
http://www.theguardian.com/commentisfree...capitalism
So if oil -for any reason- was shaken in this stage, we are looking at a disaster that could bring down the whole economic system.
Quote:You actually don't know how I think; you're making an unjustified assumption based on the fact that I don't agree with you.
You have to excuse me. Before 2008, speaking -or even citing- the possibility of an economical collapse, was enough to make you "labeled" as a conspiracy theory maniac.
Speaking about whole economies falling in Europe, was also worthy of entitling you with the name : "tin-foil". Then Greece happened.
So, people like me who warn about how corrupted the system of the world today is; warning of a close collapse, were always fought and called names by governments, officials, media & above all : the mainstream that repeats what have been told to them.
That's why these discussions can heat up.
Quote:The dollar is actually a fiat currency. Look it up. I'll wait.
You mean "was converted" into fiat, in 1971 by Nixon. Or as I like to call it "the big one".
Quote:I don't know you very well so I don't impute attitudes to you. I'd appreciate it if you returned the favor.
I assumed that based on your comment.
I didn't mean to offend you.
Quote:Read the stats for yourself in the link I provided above.
The stats told the world once, that Iraq has WMDs.
Quote:Do you live in America? Do you live in a capitalist nation? When's the last time a major invention came out of the Middle East? Do you understand the concept of market forces?
Nothing is coming out from this region nowadays, because we are mere slaves.
Through the Sykes-Picot agreement, Britain,France & Russia (along with some traitors -Arab regimes-), we were doomed to live like slaves, doing nothing in our lives, but waiting in the barns our torturers locked us in, to work forever and ever.
Yes; I do live in the heart of capitalism. I'm the working class that dies first during the search for natural resources that would benefit you.