The History of Oil.

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2006-06-28 23:12:15

Flecco: iPod is broken.; +1,048|6905|NT, like Mick Dundee

Not sure how many of you have found this yet, but I thought it was very interesting. Some googling backs up all the facts he presents...

Robert Newman's History of Oil

Discuss.

EDIT

Please do not comment unless you are going to watch the frigging movie. It has very little to do with the price of oil, more with the currency it is sold in ($US)....

Last edited by Flecco (2006-06-28 23:21:43)

Whoa... Can't believe these forums are still kicking.

2006-06-28 23:17:48

GAIKIWARRIOR: Judge Death; +64|6983|PERTH WESTERN AUSTRALIA

Oil Therefore Petrol Is Very Expensive

Last edited by GAIKIWARRIOR (2006-06-28 23:24:16)

2006-06-29 01:02:43

Havazn: Member; +39|6934|van.ca

I just watched this and encourage everyone to take some time to watch it as well. I will be looking into some of the things he mentioned since I have not heard it before. If in fact it is true, they are very shocking points.

The biggest point I found was about oil being traded only in US dollars. The foreign defeciet the US carries is in the hundreds of billions which they never have to pay as long as non-oilproducing countries need to buy oil in US dollars. Obviously this creates a HUGE motive for the US to keep its hold on the buying and selling of oil.

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