Talk-Polywell.org

It added that it now expects global oil prices to sink substantially, which will cause considerable problems for gas and oil producers such as Russia and Libya and trigger changes in the Middle East.

The report said such changes would cause the biggest risks for Iran, Libya, Venezuela and Yemen, because the governments in these producer countries were banking on high prices.

It said it is possible crude oil prices will fall lastingly to about $80 per barrel.

http://www.reuters.com/article/2013/10/ ... F020131031

As oil prices remain high, we once again see murmurs of anticipated doom from various quarters. Such fears are grossly miscalculated, as I have described in my 2007-08 articles about how oil at $120/barrel creates desirable chain reactions, as well as my rebuttal to the poorly considered beliefs of peak oil alarmists, who seem capable of being sold not one, but two bridges in Brooklyn. Today, however, I am going to combine the concepts in both of those articles with some new analysis I have done to enable us to predict when oil will lose the economic power it currently holds. You are about to see that not only are peak oil alarmists wrong, but they are just about as wrong as those predicting in 1988 that the Soviet Union would soon dominate the world, and will soon be equally worthy of ridicule.

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In short, the best tool we have for curbing Iran’s influence is not containment or engagement, but getting the price of oil down

http://www.singularity2050.com/2011/07/ ... ranny.html

choff wrote:a command economy where all prices are manipulated without any supply/demand price discovery.