Very briefly as background, Henry Kissinger made a deal with the M. E. some decades ago that we would make them wealthy beyond their expectations by buying their oil. In return, they were to take a portion of their income from oil sales and buy our debt by purchasing Treasury securities, T-Bills, etc.
We would then produce but a pittance of oil in this country although we have literally enough oil in this country to last us 200+years. Now the elite are going to double cross the M. E. and OPEC.
The current crisis was initiated by the CIA using paid agitators inEgypt. The crisis will spread to the ENTIRE Middle East. Although they did not initiate current events, the Muslim Brotherhood is being supported by the elite in the crisis areas in the aftermath. Once Iran and Saudi Arabia fall, oil will soar.
Between the ongoing crisis and the continued decline of the dollar oil will go to $150-200 within nine months. When it gets close to the $200 level, theU. S. will cease to purchase M.E. oil. At that time we will produce oil from Gull Island in Prudhoe Bay and ANWR (Arctic National Wildlife Refuge) in Alaska, the Bakken Formation in the Dakotas and the Rocky Mountain shale oil. (Lindsey says, “There are two trillion barrels of oil beneath the Rocky Mountains”)
Once we cease to purchase oil from the M E. the Arab nations andIran will go broke. The billions or trillions of Treasuries, dollars etc. held by the M. E. will become worthless when the dollar collapses next year. China is not reliant on M. E. oil (much to my surprise). Russia has surpassed Saudi Arabia as the number 1 oil producing country in the world. This was accomplished by Russia drilling mega-wells down to 40,000+ feet and discovering essentially unlimited supplies of oil. Now Russia and China have entered into an agreement whereby Russia will supply ALL of China’s oil. The U.S. will not be able to buy from Russia, forcing us to rely on our own oil production.
- Middle East Chaos: What To Learn And What To Expect (blacklistednews.com)
- Saudi Arabia Uprising Could Mean $140-Plus Oil (blacklistednews.com)
- Online and on the Streets, China Still Fears Its Own”Jasmine Revolution” – TIME (blog) (news.google.com)