[eastbay]

http://www.forbes.com/feeds/reuters/200 ... ITIES.html

Jeffrey Currie, global head of commodities at Goldman Sachs says this about peak oil:

One delegate at the Commodities Week conference asked Currie if he believed in "peak oil" -- a theory that says oil supply is at or near its peak.

"It's a local condition, not a global condition," he said.

"If we could invest freely all over the world, we could test the theory, (but) we haven't got to the point where we can find out if it actually applies."

Well, let me think a minute here. Peak oil applies locally here, and there, and over there, and long ago in all those places.... and is just now occurring in that list of countries... but it isn't a global condition? It's definitely getting increasingly difficult to dance around this issue if that's the best this commodities expert can come up with. I'm sure Curries strange explanation fell flat, which is why it made the news.

[dinopello]

Yes, pretty goofy. But, a commodities broker is the last guy to look for straight talk in a public setting. He is probably in the mode of playing it down while buying and then he will pump on the next rise.

[dissident]

Are there really that many idiots around who cannot see through this tripe? It is hard to believe that summation is such a difficult concept to grasp for adults with even a high school level of education.

[JohnDenver]

Actually, it is (and will remain) a local condition for a long time. I say that because there are numerous countries -- like Saudi Arabia, Russia, Canada and Brazil -- which will be swimming in oil for decades, even as world oil production declines. Similarly, there are highly rural societies like Niger which will barely notice peak oil because they never used much oil in the first place.

[eastbay]

JD,

http://www.state.gov/r/pa/ei/bgn/5474.htm

At the bottom in the section called, 'Foreign Aid', it reads: Foreign aid represents 8.3% of Niger's GDP and over 40% of government revenues.

The foreign aid comes from countries with money to spare brought on by the incredible wealth of donor nations and institutions. Take away the oil and that wealth vaporizes.... and so will the foreign aid. That will bring severe hardship to the recipients of foreign aid.

The point, of course, is that it's all interconnected. Nothing is localized and in particular fungible commodities. Suggesting peak oil is a localized concern is ridiculous in the extreme.

[SeaGypsy]

I suspect this to be a case of Doublespeak.
The dude says: "It's a local problem"
What he means is: "It will have local effects".
The NWO is in the process of selling a campaign to destroy wage equity nationally while expanding it internationally.
They know full well humanity will have less and less as a whole; the only way to keep their relative wealth is to destroy the purchasing capacity of others. The article in isolation makes no sense but looked at as part of a broader campaign to disinform a gullible public who are about to be massively disenfranchised; the pieces start falling into place.