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Life After the Oil Crash
Deal With Reality or Reality Will Deal With You
Editor's Note #1: NY Times Publishes Favorable Review of "Collapse" Film
Favorable reviews for "Collapse" (starring Mike Ruppert) keep rolling in. Now the NY Times, LA Times, and Bloomberg have each published their own reviews:
Other favorable reviews linked up over the last week:
We're discussing the NY Times review of Collapse over at the LATOC Forum.
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Editors Note #2: IEA Whistleblower Goes Public, Says Key Oil Figures Were Manipulated Upwards, World Has Much Less Oil Than Previously Thought
From today's UK Guardian, a pretty significant development in regards to Peak Oil that's worth drawing particular attention to. Emphasis mine:
We're discussing the Guardian article over at the LATOC Forum.
War on the Middle Class:
Financial Collapse News:
Gold, Silver, Precious Metals:
Most Important Articles from Yesterday's Update:
Best of the LATOC Archives:
Preparation and Relocalization:
The world is much closer to running out of oil than official estimates admit, according to a whistleblower at the International Energy Agency who claims [the agency] has been deliberately underplaying a looming shortage for fear of triggering panic buying.
The senior official claims the US has played an influential role in encouraging the watchdog to underplay the rate of decline from existing oil fields while overplaying the chances of finding new reserves.
A bit later in the article:
"Many inside the organisation believe that maintaining oil supplies at even 90m to 95m barrels a day would be impossible but there are fears that panic could spread on the financial markets if the figures were brought down further.
A second senior IEA source, who has now left but was also unwilling to give his name, said a key rule at the organisation was that it was "imperative not to anger the Americans" but the fact was that there was not as much oil in the world as had been admitted. "We have [already] entered the ‘peak oil’ zone. I think that the situation is really bad," he added. Source
LATOC readers bought the following at Amazon:
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