Inflation is at its decade high, food prices are kissing the skies, people are worried about their investments in markets, loan rates are about to go up..... Why all these are happening simultaneously ? There is only one answer for this, that is hike in crude oil prices.
All these days there was a misconception that the Saudi Arabia and other oil producing middle east countries have surplus oil in their land. But was there sufficient oil or they just lied ? The fact is they kept on convincing that they have surplus oil in their wells to supply it for entire world for next century but the actual fact is they lied to everyone. Even US believed them. They showed false oil repositories. Even though they didn't find a new single oil source they kept on increasing the quantity of repository and produced the same false documents in OPEC summits. So most of the nations believed them. Now when they started to see the bottom of their oil wells, they started to slow down their production.
Why they lied ?
They lied to keep the world moving with them. Earlier, If they have produced the correct calculations on their oil stocks the world would have looked for alternative source for crude oil to run the machinery and oil prices have not raised by this extent as it is today. They kept on lying and no one attempted to find the replacement for crude oil. Now, they are trying to control whole world by controlling the economies which are highly depend on oil to run the basics of infrastructure.
But there are alternatives to oil.....
Yes, there are alternatives to oil like Electricity and diesel. Diesel can be produced from coal so it will be the next replacement for oil and also diesel engines emit less carbon than petrol engines. Liquid coal will play a huge role in the future of the U.S. and the rest of our heavily oil-dependent nations. The electric hybrid vehicles are present in the market but are available at high price. More research has to be done in very short time to find a solution.
So go and grab the coal stocks early to earn 'some' profits !!!
SOME- Some Million Euro's !!!!
Saturday, June 28, 2008
The Great Oil Hoax
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Posted by
Navaneeth B
at
11:29 PM
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