So did everyone see yesterday that they actually had someone(Hirsch) on to talk about and acknowledge peak oil. Now for the people who don't know about peak oil, it is the point where the world can no longer produce a higher quantity of oil per day.

We peaked roughly in 2005 (85 million barrels/day) and are now starting our slide south. This IS the reason for oils 6 fold increase in price since 2000. It is also the reason for the very soon to be hyperinflation. Also it is the primary reason for the high costs of any precious commodities and food and grain increases. This fact that is just now being grasped by the MSM is now starting to effect oil futures. Anyone notice the 14 % increase in 3 days on the 2016 delivery? Peak oil is the reason. Now for everyone who is looking at this and is saying what the hell does this have to do with KRY? Well, this is the reason that we even care about Venezuela. We need the oil that they produce.

We use 20 million barrels/day(roughly) and produce just 5.1 million barrels/day. This is why Bush went to Saudi Arabia to BEG for more oil. Problem is there IS no more. Everyone will start to hoard oil for themselves which will make things worse. We will start to pay $5,6,7 etc. for gas until the demand is stomped out. And this will cause out-of-control hyperinflation. It is NOT just the US dollar. It will be all currencies. This will cause massive fear and drive people to anything concrete in value. Any precious commodities such as gold and silver as well as anything else that can't be printed out of thin air will skyrocket as well. This is the cause for the tension in Venezuela as well as most countries now. This is the reason for the nationalization of everything in sight by all of these countries. All of it is tied to black gold.

http://www.marketwatch.com/news/stor...

Notice this line:

"The Bank of England on Wednesday became the latest to signal their fears, with the central bank saying in minutes of its last meeting that tight supplies rather than speculation is driving prices higher."

BTW-Trading just passed $130 per barrel-Boone Pickens and Goldman Sachs in my opinion have underestimated the price of oil in the next 18 months. It will go higher than $200.

Word is getting out finally.