Info alternativa y bilingüe

By Luis Carlos Campos, 15th July 2008 (clica aquí para el original en español)

Translator's Note: We will give more data & translate more material about the peak oil swindle, backing the data provided in this interview.

(hush, she tells us, about the peak oil scam!)

MAFIA X DECIDES HOW, WHEN, AND WHERE THEY ROB YOU AND CON YOU.

NOW IT'S TIME FOR THE OIL APOCALYPSE.

EDUARDO FERREYRA:

"WE ARE SWIMMING, EVEN DROWNING, IN OIL AND THE DEMAND DECREASES."

Eduardo Ferreyra, environmental counterinformation leader, chairman of FAEC (Argentinian Foundation of Scientific Ecology) -see his website www.mitosyfraudes.org - which reports scientific fraud, answers the big questions that everyone is asking on the prefab and absurd oil price race.

1.- Is everything about oil prices rising just bluffing and pure speculation?

Of course. In 2000-1, only US$9b were invested in oil future markets. The dollar was at its peak. Since then, the value of the dollar decreased 30%. But one should look on this figure carefully: the price of the oil barrel augmented more than 500%. Besides, it was reported today that more than US$240b are invested in future markets of oil throughout the world.

2.-Is it true that we're swimming in oil and the demand decreases?

Absolutely, we are flooded with oil. These figures are real: the world oil demand has decreased in January and February 2008 about 3 to 4% each month. However, oil production has increased during the first term of this year 3-4% and it is expected that it will continue at this rate for some more time.

3.- Are we at the mercy of Eastern investors who control everything including the banks?

Correct. Many big banks across the world, beggar's hat in hand, sold part of their businesses to Middle Eastern investors. These investors used their "sovereign funds" (a bizarre name indeed), to invest more than US $50b in these banks, thus becoming powerful figures the banks have to consult with every time they have to take important decisions.