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[Clansgian AT wmconnect.com]

>  The rock reefs on the lee 
> shore are mostly peak oil and global warming. 

A third thing:   the real estate/debt crash under way.   It isn't just real 
estate but rather all assets are inflated in value, it's only the great 
amount 
of imagined wealth tied up in real estate and the uncollectable loans that 
inflated its value.


As to peak oil, a few months ago the thinkers and pontificators  were saying 
that Saudi Arabia (and especially the Ghawar reserve) had peaked.  If SA 
peaks, essentially the world peaks.  The  test would be this May/June.  As 
demand 
rises, if SA steps in with increased production, they were not at peak after 
all.  If they decline, giving whatever excuse, they have peaked.    

They declined.  No matter the demand, they can't produce any more than they 
are producing right now.   North Sea is in decline, Cantarell is in decline, 
Alaska North Slope and Prudoe Bay are in decline, major oil field is in 
decline 
with the new smaller oil fields not able to replace the decline.

Do you find it curious that the the proffered reason for the increase in 
gasoline prices is the bottleneck of refinery capacity and yet no service 
station, 
mega store, convenience store, no one is actually short on gas?  No pumps 
have 'out of gas' signs on them?

It is amazing people's capacity to look past the stark and obvious when it 
threatens their lifestyle.  It is not possible, not even possible for real 
estate to go down in value.  It is not possible for gold to lose its value 
except 
for bullets and fishing sinkers.  It is just not possible,. not even 
possible, 
not to be examined nor entertained that the world has now consumed half of 
all 
its recoverable oil and the rest will be very expensive.  We just can't 
consider it.     

Must be the refineries.   </HTML>