The dollar has been tied to oil since Kissinger, who was our Secretary of State during the Nixon administration, got the Saudi's to base their oil on the US dollar. Which ...coincidentally... is exactly the thought of the major oil companies of the sixties. This whole energy setup is a planned thing by a few very rich, very powerful, and very controling individual corporations working in union to obtain the bottom line....MONEY. The profits of these companies are more important than any country's economy. Since the product that these corporations deal with(oil) is the currency and if they are the only one with the currency(oil) they will reap astronomical profits now and even more in the future.
As someone who has worked on at off for over thirty years in Alaska's oil patch I have heard a few good stories about the production of the North Slope and the surrounding areas. Some say there is more oil in Alaska's North country than all of the OPEC producers. Others say equipment is wearing out and the wells are running dry.
I did not see more oil but that does not mean that it is not there. There is nothing "old" up there. Systems wear out but old is not in the equation. They replace everything to keep it working. Working means money. Breakdowns cost the bottomline. New means uninterupted profits. New means tax benefits somewhere along the line. When it gets bad enough what do you want to bet that there is at least one new ultimate find left in the oil company bag of tricks. Just about the time that the world thinks it will freeze in the dark someone will find a source to exploit.... to feed the corporate bottom line.
I do not know the veracity of any of these stories but there is a hint of truth in every good lie. Also the temerity of many corporate heads of the past showed no bounds as to their corporate greed so I see no reason at this point in time to believe that the present leaders are not falling into what ever grand plan that already has been cast.
