[Armageddon]

http://www.rense.com/general74/smack.htm

[Armageddon]

I have a 450,000 house paid off, and I am not going to sell it no matter what. Im sure if I sold it now, I could buy one similar for alot less a few years, but I am not going to do that. Money isnt that important to me . Security and happiness is the key to my life. This article makes very strong points to the economic crises looming in the very near future.

[PenultimateManStanding]

here's another interesting and informative two-part economics article about the oil markets. I didn't know a lot of this stuff so it was a pretty good read. Basically, the modern fungible markets were invented after the Arab oil embargo of the early 70s. That system worked well for two decades but is now in danger of collapse.

[url=http://www.atimes.com/atimes/Central_Asia/HK22Ag01.html]
THE NEW WORLD OIL ORDER, Part 1
Russia attacks the West's Achilles' heel [/url]

[url=http://atimes.com/atimes/Central_Asia/HK23Ag01.html]
THE NEW WORLD OIL ORDER, Part 2
Russia tips the balance[/url]

[Armageddon]

" Recently declassified British government documents from that time reveal that both the US and Britain were actively planning for a seizure of Middle East oilfields, illustrating how intolerable the combined physical and psychological effects of the embargo were. "

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Oh how things don't change.

[PenultimateManStanding]

$this->bbcode_second_pass_quote('armegeddon', '"') Recently declassified British government documents from that time reveal that both the US and Britain were actively planning for a seizure of Middle East oilfields, illustrating how intolerable the combined physical and psychological effects of the embargo were. "

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Oh how things don't change.

[Armageddon]

$this->bbcode_second_pass_quote('PenultimateManStanding', 'h')ere's another interesting and informative two-part economics article about the oil markets. I didn't know a lot of this stuff so it was a pretty good read. Basically, the modern fungible markets were invented after the Arab oil embargo of the early 70s. That system worked well for two decades but is now in danger of collapse.

[url=http://www.atimes.com/atimes/Central_Asia/HK22Ag01.html]
THE NEW WORLD OIL ORDER, Part 1
Russia attacks the West's Achilles' heel [/url]

[url=http://atimes.com/atimes/Central_Asia/HK23Ag01.html]
THE NEW WORLD OIL ORDER, Part 2
Russia tips the balance[/url]

[Armageddon]

With the huge growing eastern economies, large oil producing countries could sell their oil directly to these growing counties, leaving the US and their 60 % importing oil need left in the dark. We can Chavez and Iran already starting to do this. This is devestating news for the US. The US will NEVER leave Iraq because they know the importance of that oil.

[PenultimateManStanding]

$this->bbcode_second_pass_quote('armegeddon', '
')The US won the first part of the cold war by influencing Saudi Arabia to folod the markets with cheap oil , which resulted in the Russian economy to collapse. But , Russia could win part two of the cold war by changing the current oil markets and how they are structured which greatly benefits the US. If they keep promoting bi-lateral selling of oil, instead of the current global selling, this could be catastraphic to the US and the petro dollar. This is their current plan.

[Armageddon]

Herberg went on to make the case that China's three main state-owned oil companies (National Petroleum Corp, China Petroleum and Chemical Corp and China National Offshore Oil Corp) alone, by the latest data and estimates available more than a year ago, "have managed to establish control over about 300 mb/d [million barrels a day] of crude production, which could reach up to 600 mb/d by 2008".

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wtf ?

[PenultimateManStanding]

$this->bbcode_second_pass_quote('armegeddon', 'H')erberg went on to make the case that China's three main state-owned oil companies (National Petroleum Corp, China Petroleum and Chemical Corp and China National Offshore Oil Corp) alone, by the latest data and estimates available more than a year ago, "have managed to establish control over about 300 mb/d [million barrels a day] of crude production, which could reach up to 600 mb/d by 2008".

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wtf ?

[Armageddon]

yes. He must either have his facts wrong, or it's a typo. That number would even be too high if it was yearly, much less daily. lol