Page added on July 29, 2018
“The rial is now at an all-time low, with an inflation rate of 147 percent. Addicts are dropping like flies.“
There is suspicion street prices in New York and London may be rising on fears the temporary truce is just a prelude to war and that there will be shortages and higher prices in the coming months. In Basra, the lack of steady work, electricity, and potable water have been compounded by 120 degrees Fahrenheit heat and the reduced quantity and quality of water flowing from the Euphrates and Tigris rivers and tributaries. Increased salinization shut down the country’s largest operational refinery.
It seems unlikely that the Russian and Arab mobs, the only ones with actual capacity to increase production, will be able to offset demand and supply disruptions elsewhere. Some observers are even talking about a return to $100 next year.
Boss Trump said in a tweet on Saturday that the Saudis agreed to boost their production by 2 million b/d. This assertion came as news to the Saudis. Nonetheless they are moving to increase production to a record high 11 million b/d in July.
Historically, the Saudis have been reluctant to increase production to their maximum for fear there would be too little a supply buffer should there be more unplanned outages. Both sober and dead addicts make bad customers.
According to the money laundering operation at Goldman Sachs, an outage at Canada’s facility may lead to a 360,000 b/d shortage for July and shrink stockpiles at Cushing, Oklahoma, the biggest warehouse for the American cartel.
The American cartel, led by Boss Trump, has been cudgeling the mobs to reduce Tehran’s take to zero in an effort to force the Iranian kingpin, Boss Rouhani, to kowtow. The American cartel’s move to eliminate Tehran comes on news the Saudis invited Russia to become an observer member of their mob. Russia and the Saudis have increased ties in recent years and a coalition between them could control more than half the global product. This worries bankers and brokers both inside and outside the cartels.
Boss Rouhani replied to Boss Trump’s tweeted ultimatum —demanding it remove Iranian oil from the global market by November — as “impossible.” The tone of Boss Rouhani’s reply suggests the pressure Trump is putting on addicts may be having unintended consequences, and that an all-out supply war may come sooner than either had planned.
There is an object lesson in the way the American cartel took down rival Venezuela, which had the temerity to undersell retail petroleum products on the Trump mob’s home turf. Venezuelan oil revenue was $22 billion last year, compared with about $70 billion in 2011. Mexico could be facing a similar outcome if its newly elected boss, Andres Manuel Lopez Obrador, is slow to fall in line. The new Mexican boss has said he will seek to end the country’s massive refined imports, nearly all from the US, during the first three years of his term. How he would replace that capacity remains a mystery, as Mexico’s biggest rackets, onshore and offshore, are in terminal decline.
Last week India’s oil ministry told local refiners to get ready for a “drastic reduction or zero” of imports from Iran, a sign that India — Tehran’s second-largest customer — is bowing to pressure from Boss Trump.
Rouhani promised Iranians last Tuesday that the mob would be able to handle the losses from new US sanctions, but the rial is now at an all-time low, implying an inflation rate of 147 percent. Addicts are dropping like flies.
Rouhani has been touting $50bn worth of potential Russian investments. Ayatollah Ali Khamenei added that: “Rosneft and Gazprom have started talks with Iran’s oil ministry to sign contracts worth up to $10 billion.” Moscow is hard pressed for cash these days, and it seems unlikely that it would be investing large amounts of money in Iran unless the terms were very favorable.
The voracious demand for fracking sand to prop open cracks in shale oil and gas wells have opened a new product line for the American cartel. In the last twelve months, 11 gangs that dig and supply fracking sand to Boss Trump have opened within sight of each other in West Texas, and another 10 or so are hustling to get started.
Together, these gangs will mine and ship some 22 million tons, equal to almost a quarter of the total US supply. Within a couple of years those digs could climb to over 50 million tons.
While this frame is a little more satisfying, it depicts a world in which there will be no happy ending. These are not bootleggers quarreling over the rot-gut whiskey trade, after all. Elevating Chinese demand for LNG by 376 billion cubic meters means that trillions of cubic meters of unburnt methane will find its way into the atmosphere from fracked fissures, wells and pipelines and hundreds of billions will be burnt to send sequelae greenhouse gases into the sky. The victims in this gang warfare are the “innocent” bystanders — the addicted consumers and their descendants in time who will never achieve existence because their parents’ habits rendered their only habitat uninhabitable.
The Great Change by Albert Bates
11 Comments on "Addicts and Gangsters"
Darrell Cloud on Sun, 29th Jul 2018 8:41 am
You presuppose you know how all of this is going to turn out. Some dweeb set a good portion on Northern California ablaze destroying millions of dollars in property and displacing thousands of people. A crack head burned down a concrete bridge in Atlanta costing millions and snarled traffic for months. Assault weapons, bomb plots and teams of terrorists were not needed to collapse these systems and unleash this chaos. All that was needed was a cigarette lighter.
We live in a very fragile interdependent system that can collapse in a heartbeat. The trigger is more than likely unknown and it may be pulled at any moment.
Look to your own security and make at least a modest preparation for the unexpected.
george on Sun, 29th Jul 2018 11:59 am
This sucka is going down lol
MASTERMIND on Sun, 29th Jul 2018 12:04 pm
The guy who runs this site is some sort of spiritual doomsday guru..He is really wacky..
Cloggie on Sun, 29th Jul 2018 3:00 pm
You’re his bad-mannered guest.
Makati1 on Sun, 29th Jul 2018 6:25 pm
” The victims in this gang warfare are the “innocent” bystanders — the addicted consumers and their descendants in time who will never achieve existence because their parents’ habits rendered their only habitat uninhabitable.”
Well said.
Makati1 on Sun, 29th Jul 2018 7:38 pm
American freedom? Hahahahahaha! An oxymoron.
“Ordinary US Citizens Now Surveilled By Air Marshals As Part Of Secret New Program”
https://www.zerohedge.com/news/2018-07-29/ordinary-us-citizens-now-surveilled-tsa-part-secret-new-program
“If you’re a law abiding US citizen, a team of armed undercover US Air Marshals could be following you on your next flight, taking minute-by-minute notes whether or not you engage in such threatening behavior as sleeping on the plane, using a phone, going to the bathroom or talking to other passengers.”
Slip slidin’…
Makati1 on Sun, 29th Jul 2018 7:44 pm
Another sign of collapsing America:
“At this point, the Postal Service is rapidly becoming little more than an income maintenance program for the 630,000 employees. The big question is which will reach zero first – mail delivery targets or the Postal Service’s actual performance.?
https://mises.org/wire/40-years-pummeling-postal-service
Slip slidin’…
MASTERMIND on Sun, 29th Jul 2018 7:44 pm
Most gay porn viewers via Pornhub
https://cs.phncdn.com/insights-static/wp-content/uploads/2013/09/pornhub-insights-proportion-gay-viewers-united-states-map.png
Dat Christian south..Busted!
MASTERMIND on Sun, 29th Jul 2018 7:47 pm
Where has Davy been today? Looks like his state has above average viewership to gay porn..I bet that is what he is doing all day..Better yet, Beastiality porn., you know how those farmers love their animals..
LMFAO!
GregT on Sun, 29th Jul 2018 8:10 pm
“Where has Davy been today?”
He dropped by earlier on with the following ‘contribution’:
Davy on Sun, 29th Jul 2018 5:02 pm
“shut up asperger and contribute instead of bitch. you cunt”
Anonymouse1 on Sun, 29th Jul 2018 9:29 pm
Cut it with the ‘where is davyturd’ shtick. Why would ‘you’ care where ‘he’ is? No one else does. Unless of course, you are working overtime to convince anyone that cares, that the sock puppet (mushmind) is the ‘real deal’.
So yea, ‘mushmind’, Ill tell you were the exceptionalturd is today. Same place he always is. Sitting in his swampland shack, pecking away on his cell phone, swapping user names back and forth from , exceptrionalturd, to ‘mushmind’, and back again. Same old, same old.
Dumbass.