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Oil Kaleidoscope (20)

Higher oil prices lead to a "quantitative easing in March"

information is extremely important for understanding the environmental reality and the destruction of the myth of money. Since the world has reached peak oil production in the 2005m, we get one, "Quantitative easing" after another. The U.S. and other country printing money. But the foundation of the world economy is not money (most economists still do not understand), and energy. In the 2005m world has reached critical point, after she began a new count in world history and came into effect new rules. Not knowing the new rules in the new world doomed to extinction. And no any quantitative easing will not help them.

Excellent graphics - exporters and importers of oil

Large size chart above

Russia should expand (in the sense of change), oil-producing areas

Interesting article! Implicitly recognizes that the rulers and casual killed Russian oil industry. Injuriously were ruined largest deposits oil. Write about 3 percent drop in crude oil production. In fact, a couple of years ago at the fall of each well was 25 percent. Compensated and even increasing extraction and report on new victories at the expense of drilling new wells. And there came a turning point - drilling new wells is not keeping pace with the decline of production at individual wells. Continue to ruin. A new deposits have not been and will never be found. Half a million geologists were fired 20 years ago, as unnecessary.
reported that the need to invest billions of dollars - in fact, a simple calculation shows that you have to invest trillions of dollars. But nowhere to invest - at a meeting of the Russian Security Council on Dec. 13, 2010 Medvedev was reported - new large oil fields in Russia, no!
Banda Gorbachev-Yeltsin-Putin literally squandered the national wealth of Russia.

interesting graph - the energy consumption in the U.S.

Large size chart above