Thursday, February 10, 2011

WikiLeaks cables: Peak Oil - bad news from Saudi Arabia tnr.v, czx.v, alk.ax, lmr.v, tsla, rm.v, nup.ax, srz.ax, usa.ax, jnn.v, abn.v, res, mcp, avl.to, quc.v, cee.v, sqm, fmc, roc, li.v, wlc.v, clq.v, lit, nsany, byddf, gm, dai, rno.pa, hev, aone, vlnc




Now we know why President Obama and other White House officials have decided to prepare us all for the Peak Oil - truth can not be suppressed forever and they have serious doubts in all OPEC numbers.

More on Wikileaks: 
US diplomat convinced by Saudi expert that reserves of world's biggest oil exporter have been overstated by nearly 40%




"China has promoted Electric Cars to the status of strategic industry, Lithium and Rare Earths are already gaining status of strategic commodities as the base for this new disruptive technology - we will have a far reaching M&A developments from this explosive combination in these very small markets.
"Nothing is changing under the sun in the US Corp. so far - America is under the oil lobby stronghold and if you would like to understand the real situation, just talk to the junior miners in Lithium and REE sectors. Chinese, Koreans and Japanese companies are the only one on the road now, buying all available projects in Lithium and REE space.
Facebook is great, but how are we going to drive in five years time? What are we going to eat for that matter with Oil above 150 dollars again? 


There is almost no money available now in U.S. or Canada to advance the Lithium and REE exploration, apart from few names everybody is talking about now. The rest of the sector will be funded by the Asian interest in the end."


These Cables reveal desperate attempts by U.S. officials to manage the oil market and Saudi Arabia output in order to stabilize Oil prices just before the Crash - do we need more evidence about correlation between Oil prices and Recessions?


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Peak Oil: WikiLeaks cables: Reserves of Saudi Arabia - world's biggest oil exporter have been overstated by nearly 40% tnr.v, czx.v, alk.ax, lmr.v, tsla, rm.v, nup.ax, srz.ax, usa.ax, jnn.v, abn.v, res, mcp, avl.to, quc.v, cee.v, sqm, fmc, roc, li.v, wlc. (sufiy.blogspot.com)
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