The US national debt is around $33 trillion and at $150 a barrel, the value of Iran’s oil and gas would be around $30 trillion. Do you see?
Hundreds of American oil-producing wells that were unprofitable and were shut down at $50 a barrel oil would become very profitable at $150 a barrel.
As a major oil and gas producer, America could gain greatly if oil reaches $200 a barrel. If these wars continue, will that leave America as the world’s main supplier of oil?
Remember, as Sun Tzu said: ‘all wars are based on deception’.
JPM says world oil inventories will reach stress level in June, and the minimum level to keep refineries operating will be around September.
We better start building ‘natural gas to liquid fuel’ refineries here, or consider buying BYD five-minute charge, electric cars.
There aren’t enough charging stations: Australia has one of the lowest ratios of charging stations to electric cars in the whole world.
Now is not the time to plan an overseas holiday. This is the big game, with far reaching, cascading effects.
It’s not just a battle of civilisations: this is a battle for civilisation.
Peter Olson, Goonengerry
For four decades The Echo has printed the stories some people loved, some people hated, and some pretended not to read. If you want us to keep telling the truth, the real truth, not the sugar-coated version. We’ll need your support to keep the presses rolling. 
