Japan calls for tougher regulations to stabilize crude oil prices

Saturday 20th December, 02:05 AM JST

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sf2k at 11:15 PM JST - 21st December

unless Saudi Arabia discloses to the public its oil data, which is a state secret, you and I will never know what's going on as there will never be an independent audit. You can't have reliable data or planning with closed systems. "Trust me" isn't going to work.

There will never be an independent audit because experts suspect that Ghawar, the largest oil well on earth, is past peak, and in decline. Google Matthew Simmons, an investment banker for oil who runs a billion dollar company, and wrote the book "Twilight in the Desert". We know the gigs up, but the media doesn't.

The global recession/depression will delay these issues for 3-5 years, then when we try to come out of recession, the oil declines will become more apparent as we are unable to climb as high as before and may enter another recession to everyone's puzzlement.

rent "End of Suburbia" DVD

visit http://www.theoildrum.com (Peak Oil Primer links on the sides)

and http://energybulletin.net (Peak Oil Primer)
HeathenCabin at 01:49 AM JST - 22nd December

‘We should work out ways to curb price fluctuations,’’ Nikai said.

This guy Nikai should shut up. More government involvement in a market just will never stabilize anything! It will end up in more volatility and a great example of that happening is the markets worldwide right now. Nikai is an idiot, so is the government.
Angelo at 11:51 PM JST - 23rd December

How about discussing how to rely less on oil.