According to Yahoo!News:
MOSCOW, April 22 – Russia believes global oil output cuts will have a short-lived effect and made no sense given a looming global supply shortage in the medium term, Energy Minister Sergei Shmatko said on Wednesday.
“According to various estimates, there will be a serious shortage of oil supply, maybe in one, maybe in two-three years,” Shmatko told reporters.
“It will coincide with the end of the global economic crisis and will lead to serious instability, including in the pricing of oil,” he said. “A simple cut in production can, in our view, have only a short-lived impact.”
Read the full article at Yahoo!News:
- Russia to predict this as the beginning of the OIL SHORTAGE AKA PEAK OIL EFFECTs to impact the whole world in 2 to 3 years time!!!?
What does Russia knows that most people on the streets don’t?
Let me put up various assumptions
- The Russian knew about peak oil way longer then I do
- The Russian already knew a pending war in the Gulf is about to erupt?
- Russian use reverse psychology to give investors a great scare to boost the price of oil without cutting oil supply…hmm
- Russia forcing OPEC to cut more instead so to earn more without sacrificing it’s own output.
Well, Israel is still hot on Iran’s dateline for Nuclear Plant “activation” and possibly strike BEFORE it’s activation date but who knows? It can be next week…2 days from now…tonight…now?
The problem is nobody is fully prepared for such event to happen and seriously it seems Russia is prepared for the very possible oil shortage in the medium term…1 to 3 years time…which is VERY FREAKY close to the end of the world date “2012″…or is it just a myth? Y2K anyone?
Well, I think we will all die one day but I want to die a happy man…with someone that I care or love to be with by my side hugging and smiling (Scene in the movie “Knowing”).
What can we do? I am not sure, Singapore seems to be experiencing heat wave & sudden gush of storms lately…not sure about the rest of the world…but I feel maybe the storm is coming…the real storm that will flood the world in few hours…the real event of ELE (Extinction Level Event).
The ice coming down into the ocean from greenland in a big SPLASH to create a MEGA TSUNAMI so huge…it will make many small countries disappear overnight…leaving a whirlpool of nothingness.
The sun may erupt into violent solar storms that caused great electrical distabuance in the whole world…massive blackouts, stalled vehicles, crashing planes, derailment of trains and the great migration of refugees from frozen wasteland or desert land that no longer have electricity for months and months ahead…even with working generators…some electronics might not even work after the solar storm…causing great confusion and panic.
Massive numbers of people will jump to their death when their favorite video sharing site crashed and loses ALL data forever and unable to reboot…they can’t surf the internet anyway.
Many have to learn how to scarvenge or loot their way to survive as millions or billions will no longer able to work without computers.
Of course the above scenario are not a reality now hence we have to feel blessed to be alive now rather then in the future…
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