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	<title>Comments on: Less oil, less credit: Forecasts 2009, Part II</title>
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	<description>Whiskey and Gunpowder features articles on gold, oil, currencies, emerging markets, energy, and more.</description>
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		<title>By: Keith</title>
		<link>http://whiskeyandgunpowder.com/less-oil-less-credit-forecasts-2009-part-ii/comment-page-1/#comment-581</link>
		<dc:creator>Keith</dc:creator>
		<pubDate>Sat, 10 Jan 2009 15:41:32 +0000</pubDate>
		<guid isPermaLink="false">http://www.whiskeyandgunpowder.com/?p=3236#comment-581</guid>
		<description>I graduated from law school 2 years ago and now teach in law school part time. Believe me, you spend an entire year on nothing but constitutional law.</description>
		<content:encoded><![CDATA[<p>I graduated from law school 2 years ago and now teach in law school part time. Believe me, you spend an entire year on nothing but constitutional law.</p>
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		<title>By: Tahoe Valley Lines</title>
		<link>http://whiskeyandgunpowder.com/less-oil-less-credit-forecasts-2009-part-ii/comment-page-1/#comment-539</link>
		<dc:creator>Tahoe Valley Lines</dc:creator>
		<pubDate>Wed, 07 Jan 2009 05:35:10 +0000</pubDate>
		<guid isPermaLink="false">http://www.whiskeyandgunpowder.com/?p=3236#comment-539</guid>
		<description>Adding to JHK&#039;s passenger rail plea, freight is requisite part of the &quot;Societal &amp; Commercial Cohesion&quot; descriptor.    Strategic planners call rail &quot;Second Dimension Surface Transport Logistics Platform&quot;.

Cut to essentials for planners:   &quot;Electric Water&quot; by Christopher C. Swan, (New Society Press, 2007); Rail Transport And The Winning Of Wars&quot; by James A. Van Fleet, Association of American Railroads (202-639-2100), and ASPO Articles 374 &amp; 1037 (peakoil.net)

Railways are featured in  massive undertakings in China, Russia, EU, South American and African projects.    Apolitical nature of railways, their STRATEGIC utility is the rationale.    Planners need copies of US Railway Map Atlas Volumes from  &quot;spv.co.uk&quot;.    US National Guard Units must re-commission their Railroad Operating And Maintenance Batallions, assuring rail-savvy personnel for private sector railway rehab &amp; expansion.     This mus be done with all due haste to protect essential transport in manmade/natural disaster scenarios.

Boone Pickens needs to spend a few hours talking to Richard Heinberg about branchline railway rehabs in America!    Maybe Eliott Sloane, Mr. Picken&#039;s publicist, can arrange a meeting...</description>
		<content:encoded><![CDATA[<p>Adding to JHK&#8217;s passenger rail plea, freight is requisite part of the &#8220;Societal &amp; Commercial Cohesion&#8221; descriptor.    Strategic planners call rail &#8220;Second Dimension Surface Transport Logistics Platform&#8221;.</p>
<p>Cut to essentials for planners:   &#8220;Electric Water&#8221; by Christopher C. Swan, (New Society Press, 2007); Rail Transport And The Winning Of Wars&#8221; by James A. Van Fleet, Association of American Railroads (202-639-2100), and ASPO Articles 374 &amp; 1037 (peakoil.net)</p>
<p>Railways are featured in  massive undertakings in China, Russia, EU, South American and African projects.    Apolitical nature of railways, their STRATEGIC utility is the rationale.    Planners need copies of US Railway Map Atlas Volumes from  &#8220;spv.co.uk&#8221;.    US National Guard Units must re-commission their Railroad Operating And Maintenance Batallions, assuring rail-savvy personnel for private sector railway rehab &amp; expansion.     This mus be done with all due haste to protect essential transport in manmade/natural disaster scenarios.</p>
<p>Boone Pickens needs to spend a few hours talking to Richard Heinberg about branchline railway rehabs in America!    Maybe Eliott Sloane, Mr. Picken&#8217;s publicist, can arrange a meeting&#8230;</p>
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		<title>By: anonymous</title>
		<link>http://whiskeyandgunpowder.com/less-oil-less-credit-forecasts-2009-part-ii/comment-page-1/#comment-508</link>
		<dc:creator>anonymous</dc:creator>
		<pubDate>Mon, 05 Jan 2009 18:49:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.whiskeyandgunpowder.com/?p=3236#comment-508</guid>
		<description>www.democracynow.org is an independent media not the Corp run media that is run by Corps working with the Gov for &quot;public perception&quot;;  if you SEE it on TV, READ it in print, it must be true RIGHT? WRONG! ever hear of &quot;perception management?&quot; military term: to bury the truth under a barrage of false reports: Howard Zinn: author, History of the People: states it so incredibly well: the AGENDA of the Gov is totally &amp; completely different than that of the people; youtube &quot;power of nightmares&quot; shows HOW the &quot;force for good&quot; was concocted from fabricated lies to deliberately deceive &amp; mislead the PUBLIC; the PEOPLE of the USA; that&#039;s us folks! *********were you aware that there are over 100 military bases around the world of the USA? that other countries view us as enslaved? that &quot;key words&quot; which the people want to hear are given in seminars &amp; used frequently but they are NOT meaning what WE think of them as meaning? That constitutional law is not even taught in law schools any longer? that the role of the Gov of the USA has been tyranny, extortion, bullying &amp; torture? That the &quot;impassioned speech&quot; I hate war! by &quot;Roosevelt was made by a speech writer &amp; the whole agenda of the Gov was to go to war, that Day of Deceit &amp; many more including report by Sec of ST showed that Roosevelt told him Fri b/4 12/7 (Pearl Harbor) I hope that they don&#039;t hit us to hard? It was all provocked &amp; set up &amp; fed information for them to hit us then &amp; our Gov was totally behind it cuz they knew that they had atomic power &amp; wanted to demonstate it to everyone? Truman dropped it, but it had been decided &amp; deliberate provocation on the USA Gov side to have Japan attack the USA? Were you aware that Bush gave $473 to rush illegals thru citizenship illegally so they could vote for democrats? Radical changes in public perception needs to be done immediately!</description>
		<content:encoded><![CDATA[<p><a href="http://www.democracynow.org" rel="nofollow">http://www.democracynow.org</a> is an independent media not the Corp run media that is run by Corps working with the Gov for &#8220;public perception&#8221;;  if you SEE it on TV, READ it in print, it must be true RIGHT? WRONG! ever hear of &#8220;perception management?&#8221; military term: to bury the truth under a barrage of false reports: Howard Zinn: author, History of the People: states it so incredibly well: the AGENDA of the Gov is totally &amp; completely different than that of the people; youtube &#8220;power of nightmares&#8221; shows HOW the &#8220;force for good&#8221; was concocted from fabricated lies to deliberately deceive &amp; mislead the PUBLIC; the PEOPLE of the USA; that&#8217;s us folks! *********were you aware that there are over 100 military bases around the world of the USA? that other countries view us as enslaved? that &#8220;key words&#8221; which the people want to hear are given in seminars &amp; used frequently but they are NOT meaning what WE think of them as meaning? That constitutional law is not even taught in law schools any longer? that the role of the Gov of the USA has been tyranny, extortion, bullying &amp; torture? That the &#8220;impassioned speech&#8221; I hate war! by &#8220;Roosevelt was made by a speech writer &amp; the whole agenda of the Gov was to go to war, that Day of Deceit &amp; many more including report by Sec of ST showed that Roosevelt told him Fri b/4 12/7 (Pearl Harbor) I hope that they don&#8217;t hit us to hard? It was all provocked &amp; set up &amp; fed information for them to hit us then &amp; our Gov was totally behind it cuz they knew that they had atomic power &amp; wanted to demonstate it to everyone? Truman dropped it, but it had been decided &amp; deliberate provocation on the USA Gov side to have Japan attack the USA? Were you aware that Bush gave $473 to rush illegals thru citizenship illegally so they could vote for democrats? Radical changes in public perception needs to be done immediately!</p>
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		<title>By: Clifford J. Wirth, Ph.D.</title>
		<link>http://whiskeyandgunpowder.com/less-oil-less-credit-forecasts-2009-part-ii/comment-page-1/#comment-460</link>
		<dc:creator>Clifford J. Wirth, Ph.D.</dc:creator>
		<pubDate>Fri, 02 Jan 2009 19:33:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.whiskeyandgunpowder.com/?p=3236#comment-460</guid>
		<description>Definitely less oil.

The top story of the year is that global crude oil production peaked in 2008.

The media, governments, world leaders, and public should focus on this issue.

Global crude oil production had been rising briskly until 2004, then plateaued for four years. Because oil producers were extracting at maximum effort to profit from high oil prices, this plateau is a clear indication of Peak Oil.

Then in July and August of 2008 while oil prices were still very high, global crude oil production fell nearly one million barrels per day, clear evidence of Peak Oil (See Rembrandt Koppelaar, Editor of &quot;Oil Watch Monthly,&quot; December 2008, page 1) http://www.peakoil.nl/wp-content/uploads/2008/12/2008_december_oilwatch_monthly.pdf. 

Peak Oil is now.

Credit for accurate Peak Oil predictions (within a few years) goes to the following (projected year for peak given in parentheses):

* Association for the Study of Peak Oil (2007)

* Rembrandt Koppelaar, Editor of “Oil Watch Monthly” (2008)

* Tony Eriksen, Oil stock analyst and Samuel Foucher, oil analyst (2008)

* Matthew Simmons, Energy investment banker, (2007)

* T. Boone Pickens, Oil and gas investor (2007)

* U.S. Army Corps of Engineers (2005)

* Kenneth S. Deffeyes, Princeton professor and retired shell geologist (2005)

* Sam Sam Bakhtiari, Retired Iranian National Oil Company geologist (2005)

* Chris Skrebowski, Editor of “Petroleum Review” (2010)

* Sadad Al Husseini, former head of production and exploration, Saudi Aramco (2008)

* Energy Watch Group in Germany (2006)

Oil production will now begin to decline terminally.

Within a year or two, it is likely that oil prices will skyrocket as supply falls below demand. OPEC cuts could exacerbate the gap between supply and demand and drive prices even higher.

Independent studies indicate that global crude oil production will now decline from 74 million barrels per day to 60 million barrels per day by 2015. During the same time, demand will increase. Oil supplies will be even tighter for the U.S. As oil producing nations consume more and more oil domestically they will export less and less. Because demand is high in China, India, the Middle East, and other oil producing nations, once global oil production begins to decline, demand will always be higher than supply. And since the U.S. represents one fourth of global oil demand, whatever oil we conserve will be consumed elsewhere. Thus, conservation in the U.S. will not slow oil depletion rates significantly.

Alternatives will not even begin to fill the gap. There is no plan nor capital for a so-called electric economy. And most alternatives yield electric power, but we need liquid fuels for tractors/combines, 18 wheel trucks, trains, ships, and mining equipment. The independent scientists of the Energy Watch Group conclude in a 2007 report titled: “Peak Oil Could Trigger Meltdown of Society:”

&quot;By 2020, and even more by 2030, global oil supply will be dramatically lower. This will create a supply gap which can hardly be closed by growing contributions from other fossil, nuclear or alternative energy sources in this time frame.&quot; 

With increasing costs for gasoline and diesel, along with declining taxes and declining gasoline tax revenues, states and local governments will eventually have to cut staff and curtail highway maintenance. Eventually, gasoline stations will close, and state and local highway workers won’t be able to get to work. We are facing the collapse of the highways that depend on diesel and gasoline powered trucks for bridge maintenance, culvert cleaning to avoid road washouts, snow plowing, and roadbed and surface repair. When the highways fail, so will the power grid, as highways carry the parts, large transformers, steel for pylons, and high tension cables from great distances. With the highways out, there will be no food coming from far away, and without the power grid virtually nothing modern works, including home heating, pumping of gasoline and diesel, airports, communications, and automated building systems. 

It is time to focus on Peak Oil preparation and surviving Peak Oil.
http://survivingpeakoil.blogspot.com/
http://www.peakoilassociates.com/POAnalysis.html</description>
		<content:encoded><![CDATA[<p>Definitely less oil.</p>
<p>The top story of the year is that global crude oil production peaked in 2008.</p>
<p>The media, governments, world leaders, and public should focus on this issue.</p>
<p>Global crude oil production had been rising briskly until 2004, then plateaued for four years. Because oil producers were extracting at maximum effort to profit from high oil prices, this plateau is a clear indication of Peak Oil.</p>
<p>Then in July and August of 2008 while oil prices were still very high, global crude oil production fell nearly one million barrels per day, clear evidence of Peak Oil (See Rembrandt Koppelaar, Editor of &#8220;Oil Watch Monthly,&#8221; December 2008, page 1) <a href="http://www.peakoil.nl/wp-content/uploads/2008/12/2008_december_oilwatch_monthly.pdf" rel="nofollow">http://www.peakoil.nl/wp-conte.....onthly.pdf</a>. </p>
<p>Peak Oil is now.</p>
<p>Credit for accurate Peak Oil predictions (within a few years) goes to the following (projected year for peak given in parentheses):</p>
<p>* Association for the Study of Peak Oil (2007)</p>
<p>* Rembrandt Koppelaar, Editor of “Oil Watch Monthly” (2008)</p>
<p>* Tony Eriksen, Oil stock analyst and Samuel Foucher, oil analyst (2008)</p>
<p>* Matthew Simmons, Energy investment banker, (2007)</p>
<p>* T. Boone Pickens, Oil and gas investor (2007)</p>
<p>* U.S. Army Corps of Engineers (2005)</p>
<p>* Kenneth S. Deffeyes, Princeton professor and retired shell geologist (2005)</p>
<p>* Sam Sam Bakhtiari, Retired Iranian National Oil Company geologist (2005)</p>
<p>* Chris Skrebowski, Editor of “Petroleum Review” (2010)</p>
<p>* Sadad Al Husseini, former head of production and exploration, Saudi Aramco (2008)</p>
<p>* Energy Watch Group in Germany (2006)</p>
<p>Oil production will now begin to decline terminally.</p>
<p>Within a year or two, it is likely that oil prices will skyrocket as supply falls below demand. OPEC cuts could exacerbate the gap between supply and demand and drive prices even higher.</p>
<p>Independent studies indicate that global crude oil production will now decline from 74 million barrels per day to 60 million barrels per day by 2015. During the same time, demand will increase. Oil supplies will be even tighter for the U.S. As oil producing nations consume more and more oil domestically they will export less and less. Because demand is high in China, India, the Middle East, and other oil producing nations, once global oil production begins to decline, demand will always be higher than supply. And since the U.S. represents one fourth of global oil demand, whatever oil we conserve will be consumed elsewhere. Thus, conservation in the U.S. will not slow oil depletion rates significantly.</p>
<p>Alternatives will not even begin to fill the gap. There is no plan nor capital for a so-called electric economy. And most alternatives yield electric power, but we need liquid fuels for tractors/combines, 18 wheel trucks, trains, ships, and mining equipment. The independent scientists of the Energy Watch Group conclude in a 2007 report titled: “Peak Oil Could Trigger Meltdown of Society:”</p>
<p>&#8220;By 2020, and even more by 2030, global oil supply will be dramatically lower. This will create a supply gap which can hardly be closed by growing contributions from other fossil, nuclear or alternative energy sources in this time frame.&#8221; </p>
<p>With increasing costs for gasoline and diesel, along with declining taxes and declining gasoline tax revenues, states and local governments will eventually have to cut staff and curtail highway maintenance. Eventually, gasoline stations will close, and state and local highway workers won’t be able to get to work. We are facing the collapse of the highways that depend on diesel and gasoline powered trucks for bridge maintenance, culvert cleaning to avoid road washouts, snow plowing, and roadbed and surface repair. When the highways fail, so will the power grid, as highways carry the parts, large transformers, steel for pylons, and high tension cables from great distances. With the highways out, there will be no food coming from far away, and without the power grid virtually nothing modern works, including home heating, pumping of gasoline and diesel, airports, communications, and automated building systems. </p>
<p>It is time to focus on Peak Oil preparation and surviving Peak Oil.<br />
<a href="http://survivingpeakoil.blogspot.com/" rel="nofollow">http://survivingpeakoil.blogspot.com/</a><br />
<a href="http://www.peakoilassociates.com/POAnalysis.html" rel="nofollow">http://www.peakoilassociates.com/POAnalysis.html</a></p>
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		<title>By: MzScarlett</title>
		<link>http://whiskeyandgunpowder.com/less-oil-less-credit-forecasts-2009-part-ii/comment-page-1/#comment-459</link>
		<dc:creator>MzScarlett</dc:creator>
		<pubDate>Fri, 02 Jan 2009 19:05:07 +0000</pubDate>
		<guid isPermaLink="false">http://www.whiskeyandgunpowder.com/?p=3236#comment-459</guid>
		<description>I would DEARLY like to know WHY other than BRIBERY our nation wants OIL to be KING! Google brown gas &amp; you will see that even in the 1930&#039;s multiple choices besides OIL was available; in fact, the 1st auto&#039;s ran on GRAIN ALCOHOL &amp; got 26 MPG with NO POLLUTION! C&#039;on now! 95% of the PEOPLE objected to PLASTIC being used in milk, &amp; other containers as GLASS can be melted down &amp; reused endlessly; the DICTATORSHIP trying to disguise itself as &quot;democracy&quot; FORCED it down our throats; &amp; in reality they BURY technology that would have done away with &quot;electricity&quot; which is used to force folks to pay higher prices: &amp; technology for better cars, better gas mileage &amp; no need for oil; FEED up with TYRANTS? &amp; SLAVERY? Resistence to tyrants is obedience to God: Thomas Jefferson: to KNOW to protest &amp; fail to do so is a sin: Abraham Lincoln; Woodrow Wilson, Pres during WW1: lamented the fact that we were NO LONGER a land of the free, nor even of majority vote; but rather under the DICTATES &amp; RULES of a handful of dominent men. Who better than the PRESIDENT of the land to know exactly &amp; precisely HOW this &quot;nation&quot; was being run? Still thinking Prohibition had ANYTHING at all to do with TEMPERANCE? Better start checking the MENTALITY of THIS nation: which is run just like a plantation as one senator stated in 1950&#039;s; the PEOPLE must pay! WHICH is SLAVERY to criminals; who try &amp; say the deliberate cold blooded premeditated poisoning &amp; murdering of millions is &quot;the way democracy works&quot;; it is the way of dictatorships, criminals &amp; crooks; NEVER has there been a nation with a justice system who condoned not condemned the deliberate harmful acts for &quot;rich&quot; men except for THIS: no wonder they are hoping for &quot;global dominion!&quot; and want to shove it down everyone elses throats for THEIR &quot;good&quot; which is evil personified.</description>
		<content:encoded><![CDATA[<p>I would DEARLY like to know WHY other than BRIBERY our nation wants OIL to be KING! Google brown gas &amp; you will see that even in the 1930&#8217;s multiple choices besides OIL was available; in fact, the 1st auto&#8217;s ran on GRAIN ALCOHOL &amp; got 26 MPG with NO POLLUTION! C&#8217;on now! 95% of the PEOPLE objected to PLASTIC being used in milk, &amp; other containers as GLASS can be melted down &amp; reused endlessly; the DICTATORSHIP trying to disguise itself as &#8220;democracy&#8221; FORCED it down our throats; &amp; in reality they BURY technology that would have done away with &#8220;electricity&#8221; which is used to force folks to pay higher prices: &amp; technology for better cars, better gas mileage &amp; no need for oil; FEED up with TYRANTS? &amp; SLAVERY? Resistence to tyrants is obedience to God: Thomas Jefferson: to KNOW to protest &amp; fail to do so is a sin: Abraham Lincoln; Woodrow Wilson, Pres during WW1: lamented the fact that we were NO LONGER a land of the free, nor even of majority vote; but rather under the DICTATES &amp; RULES of a handful of dominent men. Who better than the PRESIDENT of the land to know exactly &amp; precisely HOW this &#8220;nation&#8221; was being run? Still thinking Prohibition had ANYTHING at all to do with TEMPERANCE? Better start checking the MENTALITY of THIS nation: which is run just like a plantation as one senator stated in 1950&#8217;s; the PEOPLE must pay! WHICH is SLAVERY to criminals; who try &amp; say the deliberate cold blooded premeditated poisoning &amp; murdering of millions is &#8220;the way democracy works&#8221;; it is the way of dictatorships, criminals &amp; crooks; NEVER has there been a nation with a justice system who condoned not condemned the deliberate harmful acts for &#8220;rich&#8221; men except for THIS: no wonder they are hoping for &#8220;global dominion!&#8221; and want to shove it down everyone elses throats for THEIR &#8220;good&#8221; which is evil personified.</p>
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		<title>By: MzScarlett</title>
		<link>http://whiskeyandgunpowder.com/less-oil-less-credit-forecasts-2009-part-ii/comment-page-1/#comment-458</link>
		<dc:creator>MzScarlett</dc:creator>
		<pubDate>Fri, 02 Jan 2009 18:53:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.whiskeyandgunpowder.com/?p=3236#comment-458</guid>
		<description>Usury laws have been in existence since banking began almost predating the Constitution &amp; contrary to Elizabeth Warren&#039;s comment &quot;they disappeared&quot; in 1970&#039;s;  then she finally admitted the TRUTH: which was some folks figured that they could make a great deal more $ in interest by NOT going with long term fixed low interest housing loans; EVERYONE from low income, to middle, to high QUALIFIED for one; but were PUT into these &quot;riskier&quot; &amp; EXTREMELY HIGH interest rates with PENALTIES if prepaid off ahead of time: CONGRESS &amp; all &quot;political&quot; figures, including bankers KNEW this: the LAW is that the people have to pay back 5 xs the amount originally borrowed, PLUS all the &quot;interest&quot; &amp; additional bogus fees put on there; THIS is not &quot;democracy&quot; at all but DICTATORSHIP cleverly disguised with both parties in reality in total agreement as long as it is AGAINST the people of the USA; it is CRIMINAL &amp; it is CROOKS: this continued down the road into the credit card companies: who escalated it into PREDATORY &amp; now DISASTER capitalism; interestingly enough, the RICO LAWS also apply here: cuz they CANNOT PROFIT from illegally gotten funds! WHOOO HOOO! now, if we had COURTS who did not CALL the &quot;president&quot; &amp; CONGRESS to have them tell them HOW TO RULE in this instance! &amp; THAT interestingly enough runs from FED, to STATE, to COUNTY, to CITY: kangaroo courts, lawbreakers instead of lawmakers, bribe honey &amp; I will do anything! &amp; this has run so welll for CENTURIES that they have SO MUCH $ they are bribing the heads of other countries to &quot;do it their way&quot;; yet want the &quot;public perception&quot; to be that they are a &quot;force for good&quot; instead of a farce of anything decent!</description>
		<content:encoded><![CDATA[<p>Usury laws have been in existence since banking began almost predating the Constitution &amp; contrary to Elizabeth Warren&#8217;s comment &#8220;they disappeared&#8221; in 1970&#8217;s;  then she finally admitted the TRUTH: which was some folks figured that they could make a great deal more $ in interest by NOT going with long term fixed low interest housing loans; EVERYONE from low income, to middle, to high QUALIFIED for one; but were PUT into these &#8220;riskier&#8221; &amp; EXTREMELY HIGH interest rates with PENALTIES if prepaid off ahead of time: CONGRESS &amp; all &#8220;political&#8221; figures, including bankers KNEW this: the LAW is that the people have to pay back 5 xs the amount originally borrowed, PLUS all the &#8220;interest&#8221; &amp; additional bogus fees put on there; THIS is not &#8220;democracy&#8221; at all but DICTATORSHIP cleverly disguised with both parties in reality in total agreement as long as it is AGAINST the people of the USA; it is CRIMINAL &amp; it is CROOKS: this continued down the road into the credit card companies: who escalated it into PREDATORY &amp; now DISASTER capitalism; interestingly enough, the RICO LAWS also apply here: cuz they CANNOT PROFIT from illegally gotten funds! WHOOO HOOO! now, if we had COURTS who did not CALL the &#8220;president&#8221; &amp; CONGRESS to have them tell them HOW TO RULE in this instance! &amp; THAT interestingly enough runs from FED, to STATE, to COUNTY, to CITY: kangaroo courts, lawbreakers instead of lawmakers, bribe honey &amp; I will do anything! &amp; this has run so welll for CENTURIES that they have SO MUCH $ they are bribing the heads of other countries to &#8220;do it their way&#8221;; yet want the &#8220;public perception&#8221; to be that they are a &#8220;force for good&#8221; instead of a farce of anything decent!</p>
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