I guess the low oil price is hurting the speculators james, given you seem to be clutching at straws here?

In any event, the longed for contriflagation is likely to ensure the huge Edmonton reserves are rapidly developed and other countries, like Australia. finally wake up to the oil industry funded con?

And start drilling into their reef to find and develop hydrocarbon resources to possibly rival the middle east.

The first consequence of this resource being preferred for all Australian transport options, would be a lowering of transport generated carbon by 40% and more!

And given it is carbon killing the reef, none too soon!

And if war should erupt in the middle east the world will have no other option but to find and develop alternatives.

We could, given the missing political will, power our entire domestic sector, with the organic waste they create, and for a fraction of the price that is now gouged out of it, James.

The application of graphene could create ceramic fuel cells more than robust enough for cross country vehicles etc, and allow gas powered electric fuel misers to replace those imported gas guzzlers we seem to be forced to use.

And given the widespread application of the Aussie invented ceramic fuel cell, ensure that the exhaust product was mostly water vapour. Moreover the inclusion of graphene would create very rapid recharge batteries(80% in 5 min.) And given we only charge up to round 80% allow a useful service life, for 25 years or more.

A war in the middle east would simply force the intransigent recalcitrant pollies of most countries to declare a state of emergency, then set about reclaiming their patently purloined economic sovereignty; as well as finally eliminating a few very expensive (70 Billion plus per) fifth column/administrative roadblocks?
Rhrosty.

Rhosty, what makes you think graphene would improve ceramic fuel cells?

AIUI graphene lets protons through so is very useful for hydrogen fuel cels. But the Aussie invented ceramic fuel cells are completely different: they require a higher temperature to operate, and let oxide ions through. I'd expect any graphene in them to gradually oxidise during operations.

"And given it is carbon killing the reef, none too soon!". The reef is dead/dying? Did I miss a 'news break' from the ABC?

I must have missed it too Prompete.

I first started going to the reef in 47. It was only to the less than great stuff off Townsville, & the stuff around Magnetic Island. It looks if anything, better today than it did back then.

I then spent much of the 70s sailing the reef from the bottom to Cairns, & much of the Pacific islands within a couple of thousand nautical miles of Cairns. I saw nothing around isolated high islands, or in very isolated atolls that was any better than the outer reefs off the Whitsundays. Last time there it had fully recovered from cyclone effects, & looked great.

I get so sick of marine biology academics, who spend less time out at the reef than the average cane farmer amateur fisherman, screaming the reef is dying, every time they put in another funding application, or the idiot journalists who report the rubbish.

Yes there is oil there, a lot of it around the southern end. We should gag every greenie in the country, & go harvest it, while we can, rather than leave it as a carrot to potential enemies

This is supposed to be an email from James Rickards (Author Death of Money) to his subscribers."Zoey 01/18/2016 •
On January 14, Jim Rickards sent an email to subscribers to Daily Reckoning this message: “Soon — perhaps just weeks from now — I believe markets will be hit by the third and biggest currency shock since the currency wars started in 2010. It’s going to be a hard stab in America’s back by one of our closest “allies”. Absolutely no one is expecting this… Yet, when this sneak currency attack hits financial markets in the next few weeks… Stocks could flash crash by over 10% in a matter of minutes, causing a selloff… Oil prices could crash even lower than $35 per barrel… Some financial institutions might go bankrupt, taking savers money with them… The U.S.’s most powerful financial weapon will be destroyed… America’s biggest “frenemy” will gain the world’s #1 financial advantage… And a full scale war between a region’s two biggest powers could explode. The U.S. might even get dragged into the fighting… ”

Jim also said that an announcement will be made next Friday(1/22/16) that will set off the media. One of the commentors on Lindsey Williams’ website received this email and posted it. He also said in Jim’s live video stream, he said they expect Saudi Arabia to de-peg from the dollar in the coming days."

Reply

So who is the friend/enemy of he USA? Saudi Arabia? or is it Israel? The Saudis are currently de-pegging from the US $. This is the reason why they killed Saddham Hussien. The US petro $ will collapse if oil continues to fall. The USA and Wall St desperately need another war.

Rhosty and Hasbeen,

No oil has ever been found under the Great Barrier Reef, and most geologists are of the opinion that it's too young for there to be any. So why are you so convinced that it's there?

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Prompete and Hasbeen,

Do you think the marine biologists are making up the stuff about coral bleaching?

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Arjay,

Well the odds of it being Israel are precisely zero, as Israel already has a floating currency.

It was reported on ABC News that Hong Kong was considering depegging its dollar from the US dollar. I wouldn't be surprised if Saudi Arabia ends up doing so too – it would allow their economy to better withstand the effects of falling oil prices.

War is unequivocally bad for the American economy, and indeed the world economy. Deepening currencies is largely indifferent, and in the long term it's even likely to be beneficial. And while lower oil prices would of course be very bad for oil companies and their shareholders, the overall effect on the economy is likely to be positive because of cheaper energy.

BTW the Americans didn't kill Saddam, the Iraqis did.
And the primary reason America invaded Iraq was because GWB wanted to finish what his father had started. Although Iraq's oil wealth was a factor in the decision, the dollar's status almost certainly wasn't.