"We should also keep
our eye on the political system which retains power regardless of which
party or politico is in office: the Deep State.The Deep State exists to maintain the essential infrastructure of global power and domestic stability ... From this point of
view, a rapid decline in U.S. oil production and a corresponding
increase in oil imports is a positive development for this basic reason: if
cheap oil is becoming increasingly scarce, then it makes all the sense
in the world to burn everyone else's cheap oil and keep our reserves in
the ground for later use, when all the cheap oil is gone ... Since cheap oil will
eventually become scarce for all the reasons listed here and elsewhere
many times--depletion of easy-to-pump reserves, geopolitical
instability, rising domestic consumption in oil-exporting nations and a
contraction in capital available to replace declining production--it
makes excellent sense to consume all the oil anyone is willing to sell
for $40-$50/barrel and retain one's own reserves for the time when
$100/barrel has become "cheap" ... It's always wise to
remember the elected government is the ant riding on the Deep State
elephant, grandly declaring it guides the great beast."
Zum Artikel von Charles Hugh Smith, erschienen auf oftwominds (12. Januar 2015) »
