Thursday, January 26, 2012
Energy money...
If you have been following the international markets, you have probably read how oil settlements may soon not include dollars. People with real assets (like oil) don't want depreciating assets (Federal Reserve Notes) unless they can dump them quick for something else. Not only that, we are being told that there is a finite amount of oil in the ground so that's why we have to fight for control over limited resources. Guess what? New evidence shows that we'll never run out of oil because it's being formed continually in Earth's mantle where pressure and heat cause the linking of methane gas into chains that result in hyrdocarbons. Methans is one carbon molecule with 4 hydrogen molecules attached. Carbon is unique in that it can accept 4 molecules of something else and certainly can bond with other carbon molecules. An 8-carbon chain with the attendant hydrogens is called "octane". Sound familiar? It should. I once had a manager for a large defense contractor tell me that the oil fields in Saudi Arabia are so large that new oil is constantly being created. I shoulda' realized then what's going on. So, the politics of limited oil are nonsense. On top of that, the US Dollar is a hot potato both politically and economically. I personally know of oil pumps in the midwest that were ordered shut off by the government so we would buy oil from the MidEast. Why? Ostensibly to exhause their oil fields and preserve ours. Well, if new oil is being created there, it surely is being created in the good ole' US of A, too. If we went to our own oil and stopped buying MidEast oil, that surely would do our foreign policy a world of good. It'd be good for the dollar, too, providing the gangsters in Washington can be held accountable.
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