10 warnings that Big Oil stocks crash 50% in 5 years by Paul B. Farrell April 2014
Big Oil stocks are going to trigger an economic collapse by 2020.
Pump prices shot up 11% in 2014 + US BIG OIL cherishes its new role as exporter.
“100% of economists think yields will rise within six months,” no recession in sight, and junk bonds scream investors want risk again.
US will “surpass Russia and Saudi Arabia as the world’s top oil producer by 2015”
WALL STREET CEOs = END OF THE HUMAN WORLD WE KNOW = FULL OF OPPORTUNITIES
10 Years ago the Bush Pentagon predicted that by 2020 “all-out wars over food, water, and energy supplies would emerge” as global “warfare is defining human life.”
Robert Mankoff’s New Yorker cartoon of happy-go-lucky CEO of a too-big-to-fail Wall Street bank is at the podium saying, “While the end-of-the-world scenario will be rife with unimaginable horrors, we believe that the pre-end period will be filled with unprecedented opportunities for profit.”
But today we’re having a Zen moment, enjoying a transcendent “pre-end period,” in a permanent age of “unprecedented profits.”
10 warnings from visionaries:
# 1 Big Oil’s conspiracy is a fracking ,cracking Zen moment …Exxon’s Rex Tillerson, $40 Million/year CEO became a party in a local lawsuit opposing a planned new water tower near his $5 million retirement ranch. = Subtle lesson as more states follow Ohio’s lead, discover there’s a real scientific link between fracking and earthquakes.
# 2 Big Oil profits peak, slide, collapse = We have no chance of preventing emissions rising over critical tipping points sparking uncontrollable climate change. Soon “the Earth’s climate will enter a chaotic era = Far fewer of us.”
# 3 Unprecedented profits on a road to irreversible self-destruction = World has “1.4 trillion barrels of oil, enough to last at least 200 years.” Too bad it’ll kill us in 50 years. The science is settled = The planet is on an “irreversible self-destruct path.”
# 4 Capitalism’s last, blind race to waste every bit of Planet Earth = “The Race for What’s Left: The Global Scramble for the World’s Last Resources.” = resource depletion = Shortages of coal + uranium + copper + lithium + water + arable land = frenzy of extreme exploration
# 5 We’re not even trying to solve the big problems of the future = “Why We Can’t Solve Big Problems.” Reason: Because our leaders kowtow to myopic science deniers and Big Oil billionaires with zero moral conscience. = Lost our ability to think long-term = Instant thinking = solve erectile-dysfunction.
# 6 Big Macs in 2014, but can’t feed 10 billion by 2050 = Denial is a great tranquilizer. “recurrent shortages of hydrocarbons, metals, water and, especially, fertilizer.”
# 7 “What really counts is not the number of people alone, but their impact on the environment.” Developed nations = 32 times more resources/person. = 7-10 Billion seeking developed living = NO RESOURCES LEFT
# 8 Humans = New dinosaurs = “Earth didn’t replace the dinosaurs after they died” 65 million years ago = Earth “just moved on, became something different.” = “sixth great extinction in Earth’s history.”
# 9 Paradox: Economic growth = Accelerating the death of capitalism = “The Global Economy Won’t Recover, Now or Ever.” Our “capitalist world economy has been in existence for some 500 years … functioned remarkably well. But like all systems, it has moved … too far from equilibrium.” = What kind of system will replace capitalism
# 10 Bigger crash than 1929 = In one short generation “we have built a financial system that threatens to topple our global economic order.” = “an unsustainable and crazy doomsday cycle infiltrate our economic system.” = “The destructive power of the down cycle will overwhelm the restorative ability of the government, just like it did in 1929-31.” = “13 Bankers: The Wall Street Takeover and the Next Financial Meltdown.”
Denial really is a wonder-drug tranquilizer. “While the end-of-the-world scenario will be rife with unimaginable horrors, we believe that the pre-end period will be filled with unprecedented opportunities for profit.”
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