House of Mirrors
The agenda to print money to pump tech stocks and short oil as an economic stimulus continues. It's a big club and you ain't in it.
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The near symmetrical triangle on the futures projects to $160/bbl:
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Peak Oil
In a perfect world, are we at Peak Oil? No, not quite—but it's not a perfect world.
"It means buckle your seatbelt, Dorothy, 'cause Kansas is going bye-bye."
-Cypher
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Mike
May 31
Anne, I am sorry, I accidently deleted your comment. My bad. You said that Exxon is warning America that inventory levels are very low and we should listen.
Lahererre
Apologies if this has been posted before. Jean Lahererre is a 94 year old Frenchman who updated his US oil and gas production forecast in December 2025:
Fortunately the US has plenty of coal to do the synthetic fuels thing. For a while.
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David Archibald
Jun 01
Laherrere's graph was produced by a mathematical technique called Hubbert Linearisation in which annual production is plotted against cumulative production to that date. King Hubbert used it in his prediction in 1956 that US oil production from the Lower 48 would peak in 1973, which it duly did. A very powerful technique when it works. Well before even half total reserves have been produced, it can tell you what total reserves will be.
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$Oil spiked 10% today, exposing the danger of suppressing strategic commodities via endless paper futures.
Physical reality can’t be papered over forever. When the COMEX shorts unwind, the squeeze will be biblical.