moose1am |
06-07-07 03:46 PM |
During WWII Hitler and Germany were concerned about their Oil Situation. So they developed the technology to create oil from Coal reserves in Germany.
Fast forward to 1973/74 and the formation of OPEC and the first OPEC disruption of oil supplies to the USA. We waited in long lines to get a few gallons of gasoline. Before 1973 gasoline was as low as 25 Cents per gallon during the gas wars. After the formation of OPEC the US Did nothing except to arm these OPEC nations especially Saudi Arabia. We should have invaded Saudi Arabia and taken back the oil fields that we and the British discovered and developed with Western Technology while them camel riding Dough nut hole /rag wearing dwellers were still riding horses and fishing with WW1 type guns and swords.
. But I think that the oil people in the US were in bed with the Saudi Royal Family. They worked together to get them all more money from us poor suckers in the USA by manipulating the price of crude oil throughout the world.
Anyway fast forward to 1976 and the election of Jimmy Carter as President. This peanut farmer knew a thing or two about energy sources. He tried to develop the same synfuel type plants in Western KY that German used at the end of WWII. There were going to be 4 to 6 synfuel plants in Western KY alone.
Now when Ronald Reagan got into office he killed the Synfuel plants in Western KY with the stroke of a pen. I also remember at the time that Saudi Arabia lowered the price of oil by pumping out more oil suddenly. This had the effect of making the Synfuel plants look like a bad investment. Only with high oil prices could the developers recoup the costs of building these plants and turning coal into liquid Oil. When the price of oil fell it make the synfuel plants less economically feasible.
So Saudi Arabia with the help of the GOP oil people have been manipulating the price of oil for a very long time now. Over 35 years since 1973.
I grew up in the days of Muscle Cars with 500 HP and 4 on the 4 positive track rear ends with 4 barrel Holley Carbs. Pontiac GTO's, Shelby Mustangs, Chevy Corvette Stingrays, and Plymouth Hemi's were what all the guys drove back in the late 1960's and during the first two years of 1970's. After 1973 the price of gasoline started to sky rocket and the muscle cars were history. That helped to bring on the age of the Mini Van and the Compact Foreign Cars.
Quote:
Originally Posted by Skybird
http://www.spiegel.de/wirtschaft/0,1518,487000,00.html
It certainly is no surprise, but it is a nice reminder of the nature of this cartel, and the intolerable vulnerability of the West.
The OPEC president has warned of doing too much research for alternative energies and trying to continue developing bio-fuels. He said that this practice will make OPEC to significantly reduce it's investments into oil producing facilities, which would make oil prices hitting through the ceiling.
No further comment needed, I assume. It's almost kind of a war declaration.
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