The Bilderberg Group has long fascinated conspiracy theorists, some of whom speculate that the secretive camarilla of global elites fixes the affairs of the world in its annual meetings. The truth is probably more mundane than that. The group, however, indisputably exists, and its members are a virtual who's who of leading thinkers and policymakers from the United States and Western Europe.
This article in Counterpunch is a report of someone who claims to have infiltrated the 2005 Bilderberg meeting. The account actually sounds quite plausible to me, particularly in terms of the energy issues that were reportedly discussed. It is an interesting read.
"Murio la Verdad"
Infiltrating Bilderberg 2005
By DANIEL ESTULIN
An American Bilderberger expressed concern over the sky-rocketing price of oil. One oil industry insider at the meeting remarked that growth is not possible without energy and that according to all indicators, world's energy supply is coming to an end much faster than the world leaders have anticipated. According to sources, Bilderbergers estimate the extractable world's oil supply to be at a maximum of 35 years under current economic development and population. However, one of the representatives of an oil cartel remarked that we must factor into the equation, both the population explosion and economic growth and demand for oil in China and India. Under the revised conditions, there is apparently only enough oil to last for 20 years. No oil spells the end of the world's financial system.
For those Bilderbergers who may be reading this, the quote is somewhat of a misleading simplification, as it implies that it will be possible to produce oil for the next 20 years at present extraction rates. The good news is that the world will still be producing oil for several decades to come. The bad news is that we will likely begin to feel the pinch of diminished oil production in the very near future; we won't have to wait 20 years.
Conclusion: Expect a severe downturn in the world's economy over the next two years as Bilderbergers try to safeguard the remaining oil supply by taking money out of people's hands. In a recession or, at worst, a depression, the population will be forced to dramatically cut down their spending habits, thus ensuring a longer supply of oil to the world's rich as they try to figure out what to do.
As a matter of fact there does seem to be a hope or expectation on the part of prominent policymakers that diminished economic growth (particularly in China) will slow demand for oil in the next few years. I first heard this thought expressed by Robert Ebel at a CSIS conference in June 2004. Ebel stated:
Suppose something happens to demand in China caused by not necessarily a soft landing of the [inaudible] but maybe a hard landing where demand collapses. And if demand collapses in China, world oil demand growth goes down.
Would political leaders in the West, faced with increasingly constrictive global oil production, prefer a few years of gentle recession over a wrenching collision of supply and demand that could cause crude prices to suddenly spike over $100 per barrel? I find it plausible that they could. Could the recent demands by the United States Treasury Department that China revalue the yuan be motivated more by a desire to collapse China's fragile banking system than it is by the enormous U.S. trade deficit? Most experts say a slight strengthening of the yuan would barely affect China's exports to the U.S., but it could make it impossible for the Chinese banking system to manage the huge nonperforming loan portfolio that is has been struggling with.
During the afternoon cocktail, European Bilderberger noted that there is no plausible alternative to hydrocarbon energy. One American insider stated that currently the world uses between four and six barrels of oil for every new barrel it finds and that the prospects for a short term break through are slim, at best.
The quoted figure is largely accurate, as this chart indicates.
Someone asked for an estimate to the world´s accessible conventional oil supply. The amount was quoted at approximately one trillion barrels. As a side note of interest, the planet consumes a billion barrels of oil every 11.5 days.
Again, accurate. Current world conventional proved reserves are about one trillion barrels, global consumption is on the order of about 84 million barrels per day.
Another Bilderberger asked about hydrogen alternative to the oil supply. The US government official agreed gloomily that hydrogen salvation to the world´s eminent energy crisis is a fantasy.
Also true, which makes you wonder why the Bush Administration is still touting the "future hydrogen economy."
At Rottach-Egern, in May 2005, industry's top executives tried to figure out how to keep the truth about diminishing oil reserves from reaching the public. Public knowledge of the diminishing reserved directly translates into lower share prices, which could destroy financial markets, leading to a collapse of the world economy.
I have been making this point for some time. The Reserve to Production ratio of the major commercial oil companies by their own estimation averages out to only about ten more years of production, and even that is generously assuming that they aren't fudging their numbers as Royal Dutch Shell did. I did well in oil stocks last year, but after I learned that the top five U.S. oil companies control only about 3% of the world's reserves I saw the writing on the wall and got out. Some of the smaller producers with reserves (like Devon Energy) may still do well in the short term because they are attractive acquisition targets for the bigs, but for my money oil as a commodity is a much better investment than ChevronTexaco or ExxonMobil.
If Estulin made this all up, he did a lot of research beforehand. Whether it is true or not, it focuses public attention on an important issue.
I rarely do not comment on blogs but yours I had to stop and say Great article!!
Posted by: Alex Jones | June 01, 2009 at 09:28 PM
Here are a few links to several articles on the 2005 Bilderberg conference...with photos...and attendence lists.
It is real.
http://www.onlinejournal.com/Special_Reports/052405Estulin/052405estulin.html
[IMG]http://www.onlinejournal.com/Special_Reports/052405Estulin/Bavaria-5.jpg[/IMG]
http://www.bilderberg.org/2005.htm
http://www.fosar-bludorf.com/bilderberger/Liste.htm
http://www.timesdispatch.com/servlet/Satellite?pagename=RTD/MGArticle/RTD_BasicArticle&c=MGArticle&cid=1031782778937&path=!news&s=1045855934842
This last link had quite a number of photos of the attendees of the 2005 Bilderberg, but has been taken down, here's the google cached version of the site before it was taken down:
This is G o o g l e's cache of http://www.staron.org/bilderberg2005/bilderberg.htm as retrieved on 29 May 2005 13:31:57 GMT.
G o o g l e's cache is the snapshot that we took of the page as we crawled the web.
The page may have changed since that time. Click here for the current page without highlighting.
This cached page may reference images which are no longer available. Click here for the cached text only.
To link to or bookmark this page, use the following url: http://www.google.com/search?q=cache:cjsxonE7jeoJ:www.staron.org/bilderberg2005/bilderberg.htm+bilderberg+2005+photos&hl=en&start=12
Google is not affiliated with the authors of this page nor responsible for its content.
These search terms have been highlighted: bilderberg photos
These terms only appear in links pointing to this page: 2005
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This is my short report. I went to the venue since I live only about one hour away.
I witnessed the Bilderbergers arrive in dark Mercedes S500 limousines.
The cars for the Bilderbergers sport a "B" in the windshield so they won't be bothered
by another security check. Security was tight, private security people that did not have a clue
about what is going on (or just acted that way). Lot's and lot's of police.
CIA/U.S. Army Special Forces guys were also present. Some people say that is
ridiculous, and "where are the sharpshooters". "Where is the equipment of the
Army guys"? DUH! You think they drive around Bavaria in full combat gear or what?
Well, check out the guys with the military hairstyle. Daniel knows these people for 13 years so
I trust his judgement.
For the apparently "weak" security (white and red plastic ribbon) let me tell you:
I did not go beyond that point. I did not want to check how "good" the security
really was. And that would have only compromised my ability to take photo and video.
Since I was a good citizen they had no way to force me away.
On the second day the police checked my ID card, it took a looong time, they blamed
bad reception (sure, all the checks in the databanks take time!). They also checked my bag
for bombs (I did not have any).
I'm not that interested in the security guys. Only one guy took a picture of me,
so I will feature him!
Since it was raining (cold and ugly) all the time some photos are of real bad quality. I had to manage
photo, video and an umbrella!
Why the "Copyright" notice? Well, there were people that expressed interest in the pictures
for print, so I hope you understand.
On friday I missed the biggest fish! As I arrived Queen Beatrix also did. My camera was not
ready at that time - ARGH! But I can confirm she was there, as always.
Now for the pictures. Please help me identify the people! Just send me the info on what page
the picture is and the filename. Right click on the image and choose "View Image". It will tell you
the filename. Pages will be updated as I get the names! Updated 18.05.05
Thanks to the people that send me names.
Unfortunate news: Server will go down at the end of Mai. No, it's not because of pressure
from Bilderberg, but other events. You can of course create mirrors.
Thursday - taken with a digital camera
Thursday - caps from my digital video camera
Friday - taken with a digital camera
Friday - caps from my digital video camera
List of participants
AFP Article
Financial Times Article
CNN Report
American Free Press - New article and photo up
Posted by: Anon | June 03, 2005 at 04:58 PM