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Category Archive for: ‘Peak Oil’

Peak Oil – Five misconceptions about Peak Oil

Peak Oil – Five misconceptions about Peak Oil Commonly the term Peak Oil is associated with negative connotations and misconceptions. The most common of them is mistaking the term of “Peak oil” as it meant the world is running out of oil along with theories about oil companies using the term to inflate the oil price or cover up energy …

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Currency Wars – Gold is Money After-all – Turkey Uses Gold to Buy Oil From Iran

Currency Wars – Gold is Money After-all – Turkey Uses Gold to Buy Oil From Iran Once again, it appears that gold is re-asserting its role as money. Gold is the sovereign of sovereigns. It is the only form of money that cannot be controlled by governments, which is why its use as money or the idea of its use …

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Interesting Quote

The Saudis have a saying that acknowledges their luck in being born on top of billions of barrels of oil and the inevitability of its depletion: “My father rode a camel, I drive a car, my son flies a jet plane, his son will ride a camel.” Delusional Americans believe they have a right to cheap plentiful oil forever. They …

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Gold Price – Peak Oil – And You

Peak oil is not about having no more oil. Peak oil is about a lower sustainable level of cheap oil over the next 10 years. This will affect the gold price. One of the largest factors affecting the cost of mining is fuel. As fuel becomes more expensive, it will cause the gold price to rise as well.

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