Credit Suisse, one of the world's largest investment banks says Saudi Arabia is entering a "Golden Era". How true. Unfortunately for the West, the series of events leading up to the Saudi Golden Era will lead directly to the unwinding of the Western Hemisphere's industrial revolution in my life time.
Am I being dramatic? I think not. At this pace, Saudi Arabi might well be unable to export a single barrel of oil in less than 2 decades, right about the time I am supposed to start collecting on my Social Security fortune (well, I paid in a fortune) - what a laugh. How will the U.S. economy of 2028 support 100 million retirees with very, very, very little oil to run the train set? Windmills? HAHAHAHAHAHAHAHAHAHAHAHAHAHHAHA!!!!!!!!!!!!!!!!!!!!
Saudi Arabia is going too build 5 new cities... HMMM, think maybe they figured out it is better to bring the people to the oil than the oil to the people?? Are any of the new Saudi cities going to use Windmill power? Are the folks living there going to commute by donkey and cook over a dung fire? No? You mean they are going to consume Saudi (our) oil? Guess that means you will be commuting by donkey and cooking over a dung fire...
Sorry. That got away from me. As the importing world sends more and more money to the oil exporting nations to pay for ever increasingly higher priced oil, this feed back loop is only going to get worse. MUCH WORSE. And at some point, the PEOPLE living in the exporting nations are going to demand that their "leaders" stop selling oil at any price, and that date is much, much, much sooner than 2028.
Enjoy your retirement!
Yours for a better world,
Mentatt (at) yahoo (d0t) com
Subscribe to:
Post Comments (Atom)
2 comments:
I thought that they were already getting weary of collecting american IOUs...especially since dollars keep declining in value and are no longer welcome in better establishments.
Maybe oil for food?
For the sake of the U.S. $, and the well being of ALL Americans, I certainly hope it becomes oil for food.
And i have made investments that would profit from that potential outcome.
Greg
Post a Comment