There is an enormous threat developing to the War Against Oil we all need to conduct in order to save the planet.
Low oil prices.
The price of crude on world markets has been cut in half over the last few months, as the recession we started with our Confederate Money spreads around the world. While the U.S. has responded appropriately, injecting new liquidity to partly make up for what has been lost, the world has yet to respond. The dollar is up against the Euro as a result.
Why is a lower oil price bad? If you spent the last year working on a plan to develop solar or geothermal or hydrogen energy, based on a price equivalent of $100/barrel oil, your project is now dead in the water. Your investors have pulled out and that energy won't be produced.
So long as energy prices are subject to the instant fluctuations of hedge funds and day traders, it is impossible to plan for new supplies.
The solution is simple, and it's time we went for it. As I have stated here many times, that solution is to set a floor price for oil.
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