Plunging Commodities Interfere With The New World Order
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Poached baby gorilla, Virunga Park Anglo American, a British company, and one of the world’s biggest miners, and a ‘producer’ (actually just a miner,
[See the full post at: Plunging Commodities Interfere With The New World Order]Good article. Maybe you’re joking about “efficient” shale, but they’re not efficient at all. Bakken barrels per day per well has been dropping for a year or more; I doubt Texas is much different.
If the premise of this article is correct – that lower profits abroad will compel countries to leave these places alone – I would be very glad. However, I can’t help thinking that they are prepared to start WW3 in order to keep the Russians out of the Middle East.
Ken, there was an article a month or so ago (maybe Ilargi included it) that reported that shale companies had increased efficiencies such that extraction (not production–yes, where did that confusion come in?) has increased recently. But then does that just shorten the life of the well without increasing the output?
Yes, yes; but keep your eye on the magician’s OTHER hand; the one not obviously doing anything.
All above true; but also true- are the slight smiles on the faces of the Über Owners; who have been planning, all along, to now acquire these bankrupt mines, companies, banks, countries, and serfs- for hundredths of pennies on the dollar. The mines/wells/countries – will all re-open; with entirely new owners, lower volumes, but very fat profits. In time. As planned.
See the lovely magician’s assistant there? Yes, we do.
SteveB, I guess it depends on what you consider “efficiency. But adding 1,600+ wells over 12 months and having lower production doesn’t seem “efficient” to me:
https://www.dmr.nd.gov/oilgas/stats/historicalbakkenoilstats.pdf
Is the Bakken so much worse than everywhere else?And war it will be. Heck, read the other day the US is experiencing a bomb shortage?! :-/
War= mining boom, oil boom, manufacturing boom, hiring boom and a boom in the undertaker business,,,not to mention, it all needs to be financed. Enter it’s enabler, Wall Street.
Thing is, these children are playing with destructive forces unimaginable in wars past.
Hello Raúl,
While I do agree with the general message of this article Anglo American are not actually firing all 85,000 of the staff you mention as some of those jobs will remain intact but with new pay masters.
“A company spokesperson said the job cuts would be made through asset sales and internal cuts: “Bear in mind that these include assets that we will sell, so the 85,000 jobs don’t [all] disappear as many will be employed by new owners of those mines that we sell.””
Greenpa,
What you say is congruent to the comments often made by TheTrivium in this discussion. The bust/booms are engineered to concentrate the wealth into fewer and fewer hands. As TheTrivium says, “the cabal…systematically enriches themselves while it systematically impoverishes the..ignorant masses.”
It is disputed whether Thomas Jefferson actually said this, put the point is well taken:
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered…I believe that banking institutions are more dangerous to our liberties than standing armies… The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
But as TheTrivium says, the currency monopoly will fight you to the death to retain their monopoly. They know where the power lies. Might makes right..and if you issue the currency, you can issue the guns.
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