The American Empire in a Changing World


Saturday, November 17, 2012

''Is the Age of the PetroDollar Over?''

From The Daily Bell

''For some ten years now, we've been writing that Peak Oil was a power elite dominant social theme and that the idea of oil scarcity was fraud.

Well ... surprise, surprise. Turns out the West – particularly the US – is just brimming with oil. Of course, this is no surprise to us. Heck, we think oil is abiotic, at least partially, cast up by geological processes. If we had to guess, we'd say oil is one of the most plentiful resources on the planet. It ranks right up there with food and water.''

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