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By A Smith (anonymous) | Posted December 20, 2008 at 05:54:33
Ryan, how do you explain the fact in 1998, when the U.S. and Canada were growing at around 4% a year, SUV sales were through the roof, oil prices got as low as $11 a barrel? China at that time was growing very rapidly as well, putting increased pressure on supplies and yet oil prices were historically low. How could that be?
The fact of the matter is, the universe runs of principles of balance. Therefore, when government screws people over, the universe makes up the difference. It's that simple. If you suffer, you get rewarded in direct proportion to your pain. In 1998, when Clinton and Chretien were letting taxes rise on average people, while limiting the growth of social spending, oil fell to $11. The pain governments were inflicting on the citizens of North America, was balanced by the benefits of having low oil prices.
The same thing can be seen today, as governments have shifted massive resources to the business community. As soon as the bailouts to the banks began, oil started to drop. Conversely, when the U.S. government sent out stimulus checks in April 2008, oil went from $100 to $140 a barrel. When the checks stopped a few months later, oil fell back down.
Therefore, if you can start to see that the world is all about balance, it will stop you from believing crazy ideas like peak oil, or Global Warming. Both of these theories are nothing more than reflections of universal balance during a slice of time, not absolute truths coming to wipe humans off the face of the earth.
I have made this prediction before, but I will say it again, if Obama sends out free money to average people for doing nothing, you will once again see oil prices jump up considerably. It has nothing to do with your supply and demand, it's all about balance.
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