Oil Conspiracy?A Story by The Archangel Gabriel My first stab at explaining the alleged conspiracy between Bush and Blair for world domination based upon oil strangulation. Bear with me as the facts have yet to be developed; Bush and Blair have them, and I want them. Oil Conspiracy? Introduction Oil prices, meanwhile, will remain under pressure from the tight market for crude and international demand. Regular-grade gasoline in the For the rest of 2008, pump prices are projected to remain well above $4.00 per gallon, peaking in November at $4.25 a gallon, the agency said in its Short Term Energy Outlook. Gasoline prices normally peak in the summer driving months. "This forecast reflects very weak gasoline margins, because of the decline in gasoline consumption and growth in ethanol supply," it said. Retail diesel fuel prices, which averaged $2.88 in 2007, are projected to average $4.35 per gallon in 2008 and $4.48 per gallon in 2009. Oil prices, meanwhile, are expected to average $127 a barrel this year, up from the previous forecast of $122 a barrel, the agency said. In 2009 the oil prices are expected to average $133 a barrel. "Global supply uncertainties, combined with significant demand growth in http://news.yahoo.com/s/nm/20080708/us_nm/usa_oil_gasoline_dc Ever since the People generally think of oil most often as being the natural resource from which we derive gasoline, but oil is also the primary raw material for such a wide variety of chemicals and consumer products as plastic, fertilizer, and nylon. So, not only does an increase in oil affect the shipping cost for your garden salad at Wendy’s, it also contributes to the production and packaging costs as well as the price of the clothes that you wear while eating it and the disposable silverware you use to eat it. It could be that the reason that nobody can be all things to all people is that oil already fulfills this obligation. International Oil Cost Chaos Around the globe, the hardships that have been induced by this increase in the cost of oil have been staggering both in human and economic terms. Not only have families been forced to make reductions in their normal spending patterns such as canceling their vacation plans; there have also been lives lost in fuel related incidents, decreased charity donations of food due to increased costs, and an ever increasing threat to A Portuguese driver was killed after he was hit by a truck as he manned a barricade filtering traffic near Alcanena, north of A police spokesman quoted witnesses as saying the 52-year-old man climbed onto the side of a truck in a bid to stop it and fell off under the wheels, Lusa news agency reported. Later Tuesday, a truck driver in Road haulage representatives suspended strike negotiations with the Spanish government following the incident. Other trucks in A total of 15 people, most of them manning picket lines, were arrested in Tens of thousands of truckers are on strike or joining the protests to demand government help to offset the higher fuel costs. Authorities in northern Forty percent of petrol stations in Arrivals of fresh meat, fish and fruit in Automakers in Spain said most of the country's automobile plants, including those of Nissan, Mercedes Benz, Seat and Renault, have had to cut or halt production. Spanish fisherman were keeping up their strike against fuel prices but most French trawlers have decided to go back to work after several weeks of blocking ports and access to oil refineries. http://news.yahoo.com/s/afp/20080610/ts_afp/europeinflationprotestenergytransport In Like a plague that does not discriminate by economic class, race or age, soaring gas prices are inflicting pain throughout the U.S. Nine in 10 are expecting the ballooning costs to squeeze them financially over the next half year, an Associated Press-Yahoo! News poll said Monday. Four dollar a gallon gas has stolen a beach vacation in South Carolina from Julie Jacobs' family and exotic bath washes from Angela Crawford. Phil English had to sell his beloved but fuel-guzzling red pickup. Nearly half think that hardship will be serious. To cope, most are driving less, easing off the air conditioning and heating at home and cutting corners elsewhere. Half are curtailing vacation plans; nearly as many are considering buying cars that burn less gas. As the price has spiraled upward so, too, has the public's ire. Two-thirds consider gas prices an extremely important issue, edging the economy and outpacing health care and "Do you think there's an end in sight? I don't," said the 33-year-old Crawford, a "It's depressing and it makes you nervous," she said. "You're saddened prices are going up and you can't do the extra things you would have done," said Amy Pysarenko, 35, of The 47 percent in the most recent survey who expect higher gas costs to cause serious hardship is about the same as in last year's poll, but an increase from the 30 percent who said so in an AP-Ipsos poll in June 2004. Then, regular gas averaged $1.97 a gallon nationally, according to the federal Energy Information Administration. "Lower-income people, of course, are bearing the brunt of it. As higher prices push grocery, pizza delivery and other costs upward, just over half of those without college degrees — and about the same number earning less than $50,000 a year — are expecting serious personal financial problems to result. There also is a strong sense of powerlessness. One-third do not think either candidate can deal with the problem. That includes half of independents, one-third of Republicans and one-quarter of Democrats. http://news.yahoo.com/page/election-2008-political-pulse-gas-prices In recent commentary, former Republican presidential candidate Mike Huckabee warned that “A recent surge in gasoline prices is proof the A particularly grave threat has been assessed to the emerging marketplaces of the world due to global inflation from increased fuel costs. Most emerging economies beyond a handful of crude producers are suffering from record oil and food prices, with Asian markets in general and Until late May emerging equities in particular had been doing relatively well, more or less recovering losses earlier in the year when worries over Western banks sparked global risk aversion. Some investors even moved into emerging markets, seeking diversification from a developed world downturn. "The credit crunch was very much a Western phenomenon," said Mark Hammond, investment director for fund manager Fidelity covering global, Hedge fund monitor EPFR says fund flows into emerging markets had been broadly positive this year but have now turned negative everywhere except the Middle East and Emerging markets have in some ways been a victim of their own success. Their resilient and ever-growing demand for natural resources, particularly food and fuel in Investment bank Morgan Stanley says Asia stands to lose out the most from oil's rise as the region, especially China, is more energy reliant than other emerging markets. Moreover, higher oil prices may also prompt Western buyers to seek suppliers closer to them due to higher delivery costs. "The monumental energy price increases will be a 'game change' for Foreign and Colonial head of emerging equities Jeff Chowdhry says he is particularly worried about markets such as South Africa and Turkey, which already have high current account deficits and domestic political problems. "That is a particularly unappealing combination," he said. "If the oil price rises further they are the ones that are going to suffer." Managing around $2 billion, he says Other managers are following suit. "Most of the world's provable remaining oil reserves are in emerging markets," said Fidelity's Even the popular Gulf economies will see their new oil wealth, as well as the higher fuel costs their own consumers will pay, stoking inflation and straining their economies even as money pours into their coffers. "This story is negative for everyone," said Morgan Stanley head of foreign exchange strategy Stephen Jen. "There will be a direct reverse of the decoupling story. It's going to be a rough ride." http://news.yahoo.com/s/nm/20080707/india_nm/india344140 Also, the increase in the cost of food due to fertilizer and shipping cost increases has come at an already extremely difficult time for the world food market due to climactic difficulties, possibly attributable to Global Warming, another issue that Bush has failed to decisively address in favor of big business and especially the multi-national oil corporations. In a year when global harvests need to be excellent to ease the threat of pervasive food shortages, evidence is mounting that they will be average at best. Some farmers are starting to fear disaster. American corn and soybean farmers are suffering from too much rain, while Australian wheat farmers have been plagued by drought. “The planting has gotten off to a poor start,” said Bill Nelson, a Wachovia grains analyst. “The anxiety level is increasing.” Randy Kron, whose family has been farming in the southwestern corner of At a moment when the country’s corn should be flourishing, one plant in 10 has not even emerged from the ground, the Agriculture Department said Monday. Because corn planted late is more sensitive to heat damage in high summer, every day’s delay practically guarantees a lower yield at harvest. “This is pushing my nerves to the limit,” Mr. Kron said one recent morning, the sky as dark as the unplanted earth. Last winter, as the full scope of the global food crisis became clear, commodity prices doubled or tripled, provoking grumbling in The increase in the cost of food that has been partly caused by Global Warming and partly by the increase in fuel costs was a major topic for discussion at the most recent meeting of the Group of Eight, and those wealthy nations agreed to try to double their foreign aid to U.N. Secretary-General Ban Ki-moon, who attended talks on Monday with African leaders, said the drive to reach eight Millennium Development Goals (MDGs) set by the U.N. General Assembly to reduce world poverty by 2015 was being directly hampered by global warming. He urged the G8 to send a strong political signal by setting a long-term goal of halving greenhouse gas emissions by 2050, backed by intermediate targets that would set market forces in train to reduce energy consumption. The G8 will set out its positions on climate change, aid to Africa, rising food prices and the global economy in a raft of statements due to be issued later on Tuesday. The higher price of oil, which hit a record high of $145.85 a barrel last week, is taking a particularly heavy toll on the world's poor. A World Bank study issued last week said up to 105 million people could drop below the poverty line due to the leap in food prices, including 30 million in "How we respond to this double jeopardy of soaring food and oil prices is a test of the global system's commitment to help the most vulnerable," World Bank President Robert Zoellick said on Monday. "It is a test we cannot afford to fail," he told reporters. To help cushion the blow, officials said the G8 would unveil a series of measures to help The summit wraps up on Wednesday with a Major Economies Meeting comprising the G8 and eight other big greenhouse gas-emitting countries, including http://news.yahoo.com/s/nm/20080708/ts_nm/g8_dc Speculation over Speculation In recent months, there have been a variety of theories put forth as to the underlying cause or causes for the increase in the cost of oil. Two theories seem to dominate the current discussions over such matters: classical supply and demand economics and arrogant and destructive market manipulation by the oil speculators to increase their shares of the world economy while spreading destitution and despair throughout the globe. In a time when "At a time when the growth of consumption is lower than the growth of production and the market is full of oil, prices are rising and this trend is completely fake and imposed," President Mahmoud Ahmadinejad said in a televised speech. The market is full of oil and the rising price trend is "fake and imposed," "It is very clear that visible and invisible hands are controlling prices in a fake way with political and economic aims," he said when opening a meeting of the OPEC Fund for International Development in the central Iranian city of "As you know the decrease in the dollar's value and the increase in energy prices are two sides of the same coin which are being introduced as factors behind the recent instability," Ahmadinejad said. http://news.yahoo.com/s/nm/20080617/ts_nm/iran_oil_ahmadinejad_dc In the Western world, the insights of Mahmoud Ahmadinejad are too often dismissed as Islamic extremist propaganda as I believe that he gives the world an honest and scholarly opinion upon the facts while Regardless of what much of the mainstream media says about the Iranian President, we should not dismiss his words here in Indeed, it appears to be highly likely that I must note that Al-Naimi, who was expected to formally make the announcements in a speech later Sunday, reiterated his government's position that the recent run-up in prices has not been caused by a supply shortage. But he said he also believes each country must do what it can "to alleviate these difficult conditions." It was unclear if Oil Minister Ali al-Naimi's remarks Sunday at a high-level oil summit in the port city of http://biz.yahoo.com/ap/080622/saudi_oil_summit.html Earlier Sunday, King Abdullah also said "There are several factors behind the unjustified, swift rise in oil prices and they are: Speculators who play the market out of selfish interests, increased consumption by several developing economies and additional taxes on oil in several consuming countries," the king said. http://biz.yahoo.com/ap/080622/saudi_oil_summit.html However, the speculation about the effects of speculation upon the price of oil is anything but homogeneous. The multi-national oil companies, for example, are blaming other factors including the classical balance between supply and demand in the economic crisis de jour. The heads of some of the world's biggest oil companies countered on Monday OPEC claims that speculators were driving high oil prices, blaming instead a dearth of new supplies. BP's CEO Tony Hayward said the argument that financial investors buying oil futures were behind a four-year rally that pushed oil prices to new records above $143/barrel on Monday was a "myth." He said the problem was a failure of supply growth to match demand growth. "Supply is not responding adequately to rising demand," he told thousands of delegates at the World Petroleum Congress. The chief executives of Royal Dutch Shell Plc (RDSa.L), BP Plc (BP.L) and Spain's Repsol YPF (REP.MC) told the oil industry's biggest gathering in three years that restrictions on where they can invest and high taxes meant they could not help boost supplies as much as they might. High taxes have also limited investment, the executives said. As oil prices rose in recent years, producing countries from http://news.yahoo.com/s/nm/20080630/bs_nm/energy_congress_speculators_dc The rising cost of oil on the international market has even recently entered into the Presidential campaign with both candidates accepting opposite interpretations of the underlying facts. The cost of gasoline has also become a sore point in the U.S. presidential race, with U.S. President George W. Bush and Republican candidate John McCain calling for lifting of a long-standing ban on offshore oil and gas drilling to increase domestic oil production. But Democratic candidate Barack Obama has said such steps will do nothing in the short term to ease American consumer's pain. http://biz.yahoo.com/ap/080622/saudi_oil_summit.html Possible Bush Complicity in the Oil Conspiracy There are good reasons to suspect complicity in the rising cost of oil by the Bush administration including Bush’s family ties to Prior to the 2003 invasion, foreign companies had limited to no access to the Iraqi market. Only Iraqis or citizens of Arab nations could own a business in Following the invasion, the Bush Administration implemented orders that have the effect of law allowing for the privatization of http://www.leftturn.org/?q=node/384 From the start of the War in Maybe those people who gave the green light to invade Because amidst all the panic about dwindling supply, one country has actually increased production. http://priceofoil.org/2008/06/02/iraq-exports-reach-post-war-high/ Signing the contracts is just the beginning, the oil companies also need a safe place to work. This is where the http://www.leftturn.org/?q=node/384 The new law is being enacted by a puppet regime, established by the http://www.wellestates.com/iraq_oil.htm Despite the massive American public outcry over the price of oil, the Republican Party has repeatedly fought even a modest increase in taxation to offset the damages caused by this alleged world economic extortion by the Reptilians. There is a battle for the long-term economic viability and distributive justice of the world and Senate Republicans blocked a proposal Tuesday to tax the windfall profits of the largest oil companies, despite pleas by Democratic leaders to use the measure to address America's anger over $4 a gallon gasoline. The Democratic energy package would have imposed a tax on any "unreasonable" profits of the five largest "Americans are furious about what's going on," declared Sen. Byron Dorgan, D-N.D., and want Congress to do something about oil company profits and "an orgy of speculation" on oil markets. http://news.yahoo.com/s/ap/20080610/ap_on_go_co/congress_oil_profits This should not a matter of crashing the world economy for the sake of a control freaky thrill ride as well as gluttony and greed ad absurdum. This could be a matter of a stable "give and take" relationship between supply and demand whereby the needs of both the oil companies and the population of the world and Meanwhile, Bush is trying to pin the responsibility upon the Democratic Congress for the rise in the cost of oil. That has been the standard operating procedure for the Bush administration: try to hog the credit for anything of which the public approves and then try to pin the rap for negative impacts upon somebody else. For example, that has been the case with the Palestinian peace process where he was not active until it appeared that renewed efforts from the Islamic community and Israel were already looking promising. Then, with a single conference (in the middle of many negotiations), he attempted to claim credit for the whole peace process while many feel that he is not doing nearly enough to even be listed as a “major contributor.” President Bush on Saturday tried to pin the blame on Congress for soaring energy prices and said lawmakers need to lift long-standing restrictions on drilling for oil in pristine lands and offshore tracts believed to hold huge reserves of fuel. "It's time for members of Congress to address the pain that high gas prices are causing our citizens," the president said. "Every extra dollar that American families spend because of high gas prices is one less dollar they can use to put food on the table or send a child to college. The American people deserve better." With gasoline prices above $4 a gallon, Bush and his Republican allies think Americans are less reluctant to ban drilling offshore and in an Alaska wildlife refuge that environmentalists have fought successfully for decades to protect. Nearly half the people surveyed by the Pew Research Center in late June said they now consider energy exploration and drilling more important than conservation, compared with a little over a third who felt that way only five months ago. The sharpest shift in attitude came among political liberals. http://news.yahoo.com/s/ap/20080712/ap_on_go_pr_wh/bush That is the standard Bush solution for any problem: expand the powers of the executive branch. However, that happened from 2001 until 2006, and the State of the Union only got worse and worse and worse during those years. It appears that the more power the President has, the more he abuses it. And, the Democrats in Congress have an opposing theory. Democrats say they are for drilling, but argue that oil companies aren't going after the oil where they already have leases. So why open new, protected areas? they ask. Democrats say there are 68 million acres of federal land and waters where oil and gas companies hold leases, but aren't producing oil. "Americans are fed up every time they go to fill up and they're right to demand action. But instead of a serious response, President Bush and his allies simply repeat the same old line more drilling," Rep. Chris Van Hollen, D-Md., said in the Democrats' radio address. "Democrats support more drilling," he said. "In fact, what the president hasn't told you is that the oil companies are already sitting on 68 million acres of federal lands with the potential to nearly double U.S. oil production." http://news.yahoo.com/s/ap/20080712/ap_on_go_pr_wh/bush If the oil companies are not exploiting the resources that they currently have, it is unclear what more access to pristine nature refuges would do other than run a risk of the destruction of natural splendor. And, it would allow Bush to sell off oil contracts for pennies on the dollar, something that must seem appealing to Bush when the Republicans have already cut the multinational oil corporations sweetheart deals such as a reprieve on “windfall profits taxes,” an alleged product of our botched Bush foreign policy in the Middle East as well as rampant oil speculation. What America needs is solutions and not more problems for the next administration. Bush repeated his call for Congress to lift the restrictions, including a ban on offshore drilling. A succession of presidents from George H.W. Bush to Bill Clinton to the current president have sided against drilling in these waters as has Congress each year for 27 years, seeking to protect beaches and coastal states' tourism economies. http://news.yahoo.com/s/ap/20080712/ap_on_go_pr_wh/bush I do not consider it a solution to destroy the economy of the states in a push for more power for the executive branch. What happened with the Patriot Acts? Have we captured Usama Bin Ladin after an alleged 200 CIA secret prisons as well as a host of infringements of our traditional American freedoms? No, we haven’t! That was just one more failed Bush domestic policy, and now he want to try another policy when the existing options have not been fully exploited for the benefit of the American public. Biblical References to the Antichrist The Antichrist (governmental leader) will first be revealed by confirming a seven year peace agreement (covenant, contract - Daniel 9:27) that will allow daily sacrifice by the Jews in the Jewish Temple in Today, whoever controls the world's oil, controls the world. Today, with some maneuvering, O. P. E. C. could control the world. After negotiating the covenant that will allow re-establishment of daily sacrifice, the Antichrist will start his rise to complete world leadership by gaining control of a percentage of the world's oil. This will catapult the Antichrist to world power as he cripples and extorts the world financially. Once he gains a percentage of the world's oil, he will control the world. From this point, he will direct a One World Government and the Mark of the Beast: The formation of nations that agree to the "covenant" that allows the re-establishment of daily sacrifice by the Jews, is a coalition of seven Arab/Muslim countries allied with the Antichrist, and ten "Judeo-Christian" world leaders or kings allied with the Jewish False Prophet (Pope). He will be over the oil states: Daniel 11:24: "He shall enter peaceably even upon the fattest places of the province; and he shall do that which his fathers have not done, nor his fathers' fathers; he shall scatter among them the prey, and spoil, and riches: yea, and he shall forecast his devices against the strong holds, even for a time." The word "fattest" comes from the word "shiman", which means to oil or grease. The word "province" comes from the word "medina", which refers to the median desert in the middle east. http://www.cynet.com/Jesus/Prophecy/Empire.htm I note that it appears that Gabriel taught Daniel dream interpretation about 3,000 years before Jung and Freud. Daniel could sure do some good, obscure, references that may relate to oil and the Antichrist! 3,000 years ago, prophecy was in its infancy around the globe, and the results were somewhat ambiguous. Who signed the Bush anti-terror treaty whereby everybody gives up their laws to
Here is my Daniel 11:24: "During a time of peace, he will come into the richest parts of the province and do what his fathers and predecessors never did. He will lavish plunder, loot, and wealth on his followers, and he will make plans against fortified cities, but only for a time." I don't think that Bush’s plans to take over the fortified nation of And, who did not get some of the loot from An Underlying Theory of a Control Oligarchy When one studies the machinations George Bush and Bill & Hillary Clinton, they too have worked with front companies. The CIA is great at creating front companies which are sold to other fronts, and whose control eventually gets hidden and obscured. Three examples of Illuminati families with a great deal of power but who have their extensive financial holdings obscured are the Payseurs, the Springs, and the Van Duyns. The national media of Bloodlines of the Illuminati, Fritz Springmeier, 1995 A Colored Past for the Multinational Oil Corporations Over the years, the multinational oil conspiracy has managed to amass a huge number of complaints from around the globe merely begging the question, “Who is controlling the oil conspiracy?” Paramilitary Wars of Expansion Rather than live in peace with indigenous populations, it appears that the oil companies have been waging private wars for oil bearing lands around the globe. Militants in The Movement for the Emancipation of the Niger Delta (MEND) declared the ceasefire just days after one of its most daring attacks so far, which forced Royal Dutch Shell to halt output from its main Nigerian offshore oilfield, Bonga. "We are respecting an appeal by the Niger Delta elders to give peace and dialogue another chance," it said. "Effective 12 midnight (2300 GMT) on Tuesday, June 24, MEND will be observing a unilateral ceasefire in the Niger Delta region of The bombing of oil pipelines and kidnapping of oil workers by MEND -- mostly in the labyrinthine creeks of the Niger Delta -- have cut The announcement by MEND -- a loose coalition of armed groups with an ill-defined leadership -- comes weeks before a peace summit called by President Umaru Yar'Adua's government. Asked if the ceasefire meant it would take part in the summit, MEND repeated in an e-mail to Reuters that it would only do so if Henry Okah -- one of its suspected leaders who is on trial for treason and gun-running -- was allowed to attend. It forced Shell to stop production at the field, which has a nameplate capacity of 220,000 bpd, and to declare force majeure on Bonga exports for June and July, meaning it cannot guarantee to meet contractual obligations. http://news.yahoo.com/s/nm/20080622/wl_nm/nigeria_militants_ceasefire_dc It could be that the bold move of Palesrael's leaders to declare a six month cease-fire has spawned another peace attempt! I had not anticipated the possibility of secondary peace movements in the foreseeable future. You had to suspect that Shell, Chevron, or Exxon was involved! It is pretty much those three that go militant with the oil industry, allegedly. I believe that the Nigerian people and Shell have had issues for a really long time, and Shell was to blame for them. If it is not A Dismal Environmental Record Perhaps, the most paradigmatic example of oil conspiracy malfeasance is the Exxon Valdez disaster roughly 20 years ago. After all this time, the issue of damages has finally made it to the US Supreme Court where Bush appointed justices eagerly awaited the opportunity to smite the environmental movement. In a case that many people expected to favor big oil, the punitive damages (damages to punish wrongdoing) were reduced by 80 percent. Mike Lytle, a third-generation fisherman from the coastal A lot of people he knows were planning their retirements with the $2.5 billion in punitive damages that Exxon Mobil Corp. was expected to pay the nearly 33,000 victims of the worst oil spill in But the Supreme Court dashed their hopes Wednesday, deciding to cut the punitive damages for the 1989 Exxon Valdez disaster to $507.5 million. That translates to an average of $15,000 per victim. "I always felt that big oil was going to win," said Lytle, 56. "But now I found out what true meaning of punitive damages is: puny." A jury decided in 1994 that Exxon should pay $5 billion in punitive damages. In 2006, a federal appeals court cut that verdict in half. "This turns Justice David Souter wrote for the court that punitive damages may not exceed what the company already paid to compensate victims for economic losses, or $507.5 million. The 5-3 ruling, which reduced the amount owed by 80 percent, comes almost two decades after the Exxon Valdez supertanker ran aground, spurting 11 million gallons of crude into the rich fishing waters of Sylvia Lange, also of Cordova, used to fish commercially for salmon and haul for the doomed herring fishery. But for her, the spill was about more than lost money. It also was about the end of Alaska Native traditions and a subsistence lifestyle for several villages in the region. Because of the spill, many Alaska Natives were forced to stop harvesting seal, salmon and herring roe and move to urban areas, never to return, said Lange, who is part Aleut and Tlingit. "A cultural link was definitely broken," she said. The spill killed hundreds of thousands of birds and other marine animals, inflicting environmental injuries that have not fully recovered, according to numerous scientific studies. On the question of whether Exxon Mobil was liable for punitive damages at all, the court split 4-4, which leaves standing the appeals court opinion saying the company was liable. Justice Samuel Alito, who owns Exxon Mobil stock, took no part in the case. First-quarter profits at Exxon Mobil were $10.9 billion. The company's 2007 profit was $40.6 billion. http://news.yahoo.com/s/ap/20080626/ap_on_go_su_co/scotus_exxon_valdez Iraqi Food for Oil Scam Bush in 1992: "Queen's rook to rook 5. Take knight's oil." Bush in 2003: "Queen's rook to rook 6.66. Take knight and take knight's oil." The move into the Middle East during the War in The Iraqi government sued dozens of companies, including oil giant Chevron Corp., for more than $10 billion on Monday, saying they paid kickbacks to former Iraqi leader Saddam Hussein's government under the U.N. oil-for-food program. The civil lawsuit, filed in The lawsuit says billions of dollars were lost, "all of which were directly translatable into food, medicine and other humanitarian goods that were supposed to reach the Iraqi people." "The corruption of the United Nations Oil-For-Food Programme (OFFP) has been described as the largest financial fraud in human history, but its impact on the people of Other companies named in the lawsuit include European bank BNP Paribas, drug makers GlaxoSmithKline and Roche Holding, and units of drug company Schering-Plough, as well as several units of Among the individuals named in the lawsuit are The Wyatt, the founder of http://news.yahoo.com/s/nm/20080701/wl_nm/iraq_oil_un_dc After all the commotion, one of the primary conspirators only received one year in prison. And, the United Nations Oil-For-Food Program seems to implicate Two Possible Major Contributing Factors War in the I believe that most of the war in the Middle East would completely disappear if http://news.yahoo.com/s/nm/20080630/bs_nm/energy_congress_speculators_dc For a double incentive with excessive speculation, in You can look at the alleged false intelligence that has defamed Why was Bush pushing a war with Oil Speculation Vicious Circle I suspect that there is a conspiracy between the multi-national oil companies to suck the world dry at the expense, in particular, of the impoverished and underprivileged people around the globe. I recently read that global charity efforts have been undermined by the cost of food that is dependant largely upon oil. In a world where we build with oil, fuel our vehicles with oil, and manufacture about everything from oil, oil is a lynch pin of society. If a few companies work together to continuously push up the price of oil through the illusion of speculation, this could be enough to make this happen in fact as other companies are forced to join into the fray. Another theory is that speculation on a continuous upwards line simply leads people to continue to speculate upwards, and this may be partly responsible for the increases. At some point, the cost of oil can not support itself because people are completely broke and have to seek out alternatives such as hydrogen and electric cars. The backbone of the oil marketplace is not the super-wealthy. They are few in numbers and probably do not consume much more per capita than the middle class and lower class. If the lower two classes simply cannot afford oil, you can expect the entire market to collapse a practical matter. However, it does not appear as though the oil companies are interested in their own long-term viability and profitability at this time; it looks like a handful of old, extremely wealthy men are looking to make a quick fortune before they die. Possible Remedies for the Situation The OPEC Conference, A Saudi Move "The Saudi Cabinet has instructed Oil Minister Ali al-Naimi to call for a meeting in the near future that will include representatives of oil-producing countries, consumers and companies that work in extracting, exporting and selling oil to look into the price hike, its causes and how to deal with it," said Madani. http://news.yahoo.com/s/ap/20080609/ap_on_bi_ge/saudi_oil The kingdom called for Sunday's unusual meeting in Jiddah between oil producing and consuming nations as a way to show that it was not deaf to international cries that high oil prices have caused social and economic turmoil. The Gulf nation also has become increasingly concerned that record oil prices could hinder growth in the http://biz.yahoo.com/ap/080622/saudi_oil_summit.html It is unclear what a conference could possibly do under the alleged circumstances, but I like it anyways. If there is a conspiracy among the oil speculators to raise the price of oil, that probably will not be broken until either they agree to do so or nations pass new laws to make this illegal and go after the leadership for this movement. However, at least, it should get people talking about the problems with oil industry and looking for possible solutions. Jim Ritterbusch, president of the U.S.-based energy consultancy Ritterbusch and Associates cautioned that such meetings have taken place in the past and could be more an effort to calm the market without taking concrete measures. "In the current circumstances, every barrel that can be used is being used," said Addison Armstrong, director of market research at Tradition Energy. "Unless the Saudis and OPEC suddenly produce some oil that nobody has heretofore known about, then this meeting is likely to produce no meaningful outcomes." http://news.yahoo.com/s/ap/20080609/ap_on_bi_ge/saudi_oil Increases in Production, A Saudi Contribution Investors last month shrugged off news that Energy experts say most producers have little ability to expand output. The exception is
The kingdom will work to ensure there will be no "unwarranted and unnatural oil price hikes that could affect international economies, especially those of developing countries," said Madani. http://news.yahoo.com/s/ap/20080609/ap_on_bi_ge/saudi_oil Oil steadied on Tuesday after touching a record near $140 the previous day, with traders caught between a weaker dollar and expectations that top exporter http://news.yahoo.com/s/nm/20080617/ts_nm/iran_oil_ahmadinejad_dc For the remainder of the year "Saudi Arabia is willing to produce additional barrels of crude oil above and beyond the 9.7 million barrels per day which we plan to produce during the month of July, if demand for such quantities materializes and our customers tell us they are needed," al-Naimi said in the speech, a copy of which was obtained by The Associated Press in advance. Al-Naimi also said that the kingdom was willing to invest to boost its spare oil production capacity above the current 12.5 million barrels per day planned for the end of 2009, reversing previous statements that the country would not go beyond that figure. "In addition, we have identified a series of future crude oil mega-increments totaling another 2.5 million barrels per day of capacity that could be built if and when crude oil demand levels warrant their development," he said. The http://biz.yahoo.com/ap/080622/saudi_oil_summit.html If the increase in the cost of oil is caused by simple supply and demand, it stands to reason that increasing the supply should create at least a modest decrease in the cost of oil. I applaud the efforts of British Prime Minister Gordon Brown also called for future commitments from producers for increased oil and gas supply but urged that all countries should improve energy efficiency and develop alternative sources of energy, including nuclear power. Earlier Sunday, U.S. Energy Secretary Samuel Bodman again called on Bodman said world oil consumption growth has averaged about 1.8 percent per year since 2003 with the largest share of that growth coming from developing countries like But for the past three years, global oil production has remained constant at roughly 85 million barrels a day, and OPEC production has remained largely flat, he said in a written statement. "I believe that most of us agree on one thing: Prices are too high at present. And unless we act, the situation will remain unsustainable," he said in the statement. http://biz.yahoo.com/ap/080622/saudi_oil_summit.html Recently, This massive oil field surrounded by the desolate sands of But what happens over the next year at Khurais, one of Under way at Khurais and two other smaller fields nearby is what With consumers howling over record fuel prices and the The project forms the centerpiece of the Saudi plan to increase the total amount of oil it can produce to 12.5 million barrels per day by the end of 2009 -- up from a little more than 11 million barrels per day now. Consuming nations have pushed But the kingdom has resisted calls to increase production further, saying financial speculators and the falling dollar are to blame for high oil prices, not a shortage of supply. These disagreements came to a head June 22 at a rare meeting of oil producing and consuming nations hosted by http://biz.yahoo.com/ap/080629/saudi_giant_oil_field.html I find both the Bush and Brown administrations’ suggestion that OPEC is fully responsible for the status quo to be offensive. Either nation could have already increased the taxes upon the oil corporations’ windfalls, but they have chosen to push the blame onto others once again. Why should OPEC work so hard to remedy a situation for which they are unwilling to contribute any effort at all? That has been the policy of Bush and Brown since day one: try to claim the credit and pass the buck on the blame. Well, the buck stops here – I am not buying into their political games one bit! Multi-currency Oil Purchasing Ahmadinejad reiterated his view that oil should be sold in a basket of currencies rather than U.S. dollars, an idea which has failed to win over other OPEC members, except "The ever-increasing decrease in the dollar's value is one of the world's major problems," he said. "The planners for some big powers are acting to decrease the dollar's value," he said. "For years they imposed inflation and their own economic problems to other nations by injecting the dollar without any support to the global economy." http://news.yahoo.com/s/nm/20080617/ts_nm/iran_oil_ahmadinejad_dc This possibility has its merits. With Economic Aid from More Wealthy Nations Also Sunday, Abdullah called for the creation of a $1 billion energy initiative for poor countries to help them combat the rising cost of fuel. He also said http://biz.yahoo.com/ap/080622/saudi_oil_summit.html Whether their wealth comes from oil or other sources, wealthy individuals, corporations, and nations around the globe have the capacity to give back to the communities that built their wealth. You can argue that a billion dollars won’t make much of a difference in the world, but that is simply not the case. The GDP of many nations is still below 10,000 USD, and some nations such as But the Saudi technician says Americans shouldn't be jealous. Inflation that has hit 30-year highs on everything else in the kingdom is making Saudis feel poorer despite the flush of oil money. "I tell the Americans, don't feel envious because gas is cheaper here," said al-Mazeen, 36. "We're worse off than before." While Saudis don't feel the pain at the pump, they feel it everywhere else, paying more at grocery stores and restaurants and for rent and construction material. While the country is getting richer selling oil at prices that climbed to a record $145 per barrel last week, inflation has reached almost 11 percent, breaking double-digits for the first time since the late 1970s. Moreover, Saudis are grappling with unemployment — estimated at 30 percent among young people aged 16 to 26 — and a stock market that is down 10 percent since the beginning of the year. Many Saudis are realizing that this oil boom will not have the same impact as the one in the 1970s, which raised Saudis from rags to riches. This time, the wealth isn't trickling down as fast or in the same quantities. One reason is the kingdom's growing population, says John Sfakianakis, chief economist at the Saudi British Bank. In the 1970s, the population of That means the state, which controls nearly all oil income, has to spread the wealth among more people. Besides a generous social welfare system that includes free education from pre-school through university and other benefits for citizens, the public sector employs some 2 million people and 65 percent of the budget goes to salaries. "The state, yes, is wealthier, but the state has close to three times the amount of people it has to cater for," said Sfakianakis. "Even if As a result — contrary to their image in the West — Saudis are far from the wealthiest people in the Gulf. The kingdom's per capita income is $20,700 — compared with $67,000 for Qatar, which has a population of around a half million citizens. In a recent interview with "The government can use its money to offset the soaring prices of basic commodities. The kingdom will also use its financial reserves to combat inflation and bring everything back to normal," the king asserted, without elaborating on how. Economists say the main source of inflation is higher domestic demand for apartments, office space and food — at a time when world prices for food and raw materials is rising. A statement issued last week by the Economy and Planning Ministry said the rental index, which includes rents, fuel and water, has soared 18.5 percent, while food and beverage costs have increased by 15 percent. Saudi inflation is also exacerbated by the weak dollar, because the riyal is pegged to the The influx of oil money into the economy also is a factor, but it is not as major a cause of inflation as the other issues, said Sfakianakis and other economists. Still, the kingdom is set to enjoy a large budget surplus because of high oil prices this year. Oil export revenue is expected to reach $260 billion this year, according to a report last month by Jadwa Investment, a private Saudi firm. This compares with an average of just $43 billion per year throughout the 1990s, the report said. It forecast the budget surplus will be $69 billion in 2008 compared to $47.6 billion in 2007. But http://news.yahoo.com/s/ap/20080708/ap_on_bi_ge/saudi_where_s_the_wealth Closing the Enron Loophole: Barack Obama At this time, the cost of gasoline is one of the most pressing issues facing With the cost of gas a top issue in the presidential campaign, Barack Obama on Sunday will announce a plan to crack down on oil speculation by tightening regulations on energy traders. The announcement is further evidence that an Obama administration would take an activist, populist approach to regulating business. Obama wants to close a loophole in federal law that exempts some energy traders from regulations that govern other exchange-traded commodities. Democrats call this “the Enron loophole” because it benefited the In response, John McCain campaign spokesman Tucker Bounds said: “The truth is Barack Obama is following John McCain’s lead to close a Wall Street loophole that was signed into law by President Bill Clinton. John McCain has supported bipartisan efforts to close this loophole and will work to address abuses in oil speculation.
"Barack Obama has voted the party line for Democrats who claim the loophole is fixed. The fact that Barack Obama is attacking John McCain, despite McCain’s leadership on the issue, shows that Barack Obama is driven by the partisan attacks that Americans are tired of.” Obama said in a statement: “My plan fully closes the Enron Loophole and restores common-sense regulation as part of my broader plan to ease the burden for struggling families today while investing in a better future.” The campaign calls the loophole “one example of the special interest politics that put the interests of Big Oil and speculators ahead of the interests of working people.” Obama said: “For the past years, our energy policy in this country has been simply to let the special interests have their way — opening up loopholes for the oil companies and speculators so that they could reap record profits while the rest of us pay $4 a gallon.” Here are excerpts from the text of the four-part “Obama Plan to Crack Down on Excessive Energy Speculation,” as provided by the campaign: 1) Fully Close the “Enron Loophole”: One of the reasons our energy market is particularly vulnerable to excessive speculation is the so-called “Enron Loophole” … [which means] Commodity Futures Trading Commission (CFTC) is unable to fully oversee the oil futures market and investigate cases where excessive speculation may be driving up oil prices. This regulatory gap is dangerous because: 1) the absence of government oversight has the potential to facilitate abusive trading or price manipulation. And 2) the failure of a large derivatives dealer could trigger disruptions of supplies and prices in energy markets. As President, Barack Obama will go beyond the changes included in the recently-passed Farm Bill and fully close the Enron loophole by requiring that 2) Ensure That 3) Work with Other Countries to Coordinate Regulation of Oil Futures Markets. 4) Call on the Federal Trade Commission and Department of Justice to Vigorously Investigate Market Manipulation in Oil Futures. http://news.yahoo.com/s/politico/20080622/pl_politico/11252 Democracy In Action: Congressional Involvement Recently, a plan was put forth by the congressional Democrats to force the multinational oil companies to expand their current production or lose their leases. Also, they have suggested the option of tapping into our Strategic Petroleum Reserve to increase the supply of oil to the marketplace. If demand were truly the problem, either of these approaches should help. And, the loss of the leases would allow a more fair and just President to increase the price of the leases to something more acceptable to the American public if the oil corporations fail once again to perform a reasonable service to the American and world public. (Rep. Chris Van Hollen said,) “(C)ongressional Democrats will vote on 'Use It or Lose It' legislation requiring the big oil companies to develop these resources or lose their leases to someone else who will." "But we know that drilling by itself will not solve the problem of high gas prices," Van Hollen said. "We cannot drill our way to energy independence." He cited Democrats' calls to tap the nation's Strategic Petroleum Reserve, because it is full and "America's rainy day is now." And he said the country must focus on new energy policies that focus on alternatives to oil. http://news.yahoo.com/s/ap/20080712/ap_on_go_pr_wh/bush Invading the World: Iraq and Beyond As the world rapidly runs out of oil, one place seems to be swimming in the stuff, and no prizes for guessing who that is … The Iraqi Deputy Prime Minister has said that new exploration showed that his country has the world’s largest proven oil reserves, with as much as 350 billion barrels. The figure is triple the country’s present proven reserves and exceeds that of Salih also added “There is a real debate in the Government and among political leaders about the type of oil management structures we should have. I am for liberalising this sector and allowing the private sector to come in to develop these vast resources.” But it is these private companies – such as Shell – that everyone is worried about. That is why there is a protest taking place today outside Shell’s AGM – the message: Hands off Iraqi Oil. http://priceofoil.org/2008/05/20/iraq-%e2%80%9chas-largest-oil-reserves%e2%80%9d/ The long wait may finally be over to claim the last great prize left for the oil industry. But not, importantly, how the oil industry, or the Bush administration wanted it to. Some 36 years after losing their oil concession to nationalization as Saddam Hussein rose to power, four Western oil companies are in the final stages of negotiations this month on contracts that will return them to war-torn Exxon Mobil, Shell, Total and BP — the original partners in the Iraq Petroleum Company — along with Chevron and a number of smaller oil companies, are in talks with The deals are expected to be announced by the end of the month and, in the words of the New York Times “will lay the foundation for the first commercial work for the major companies in As the Times puts it. “There was suspicion among many in the Arab world and among parts of the American public that the So it is unsurprising that to American, British and French go the spoils of war. In an interview with Newsweek last Autumn, the former chief executive of Exxon, Lee Raymond, said: “There is an enormous amount of oil in http://priceofoil.org/2008/06/19/the-long-wait-to-claim-the-prize-draws-to-an-end/ Viewed by themselves, However, I believe that There were many cynical analysts, both in the West as well as the Middle East, who viewed the invasion of
In 1999, when Dick Cheney was CEO of Halliburton, he asked the rhetorical question ‘Where is the oil to come from?' and then gave the answer ‘The Middle East, with two thirds of the world's oil and the lowest cost, is still where the prize ultimately lies'. George Bush also has a background in the Since the invasion of Bush and his associates are seeking to secure their position as controllers of oil production, export and exploration in http://www.wellestates.com/iraq_oil.htm The Bush administration has been very active in Iraqi oil regulation and law to the detriment of the Iraqi people over the years. Much of the Iraqi oil planning appears to have been conducted by the US State Department and merely ratified by the Iraqi puppet regime. The new Petroleum Law will be passed by Iraqis, but its roots are in the US State Department’s Future of Iraq Project’s Oil and Energy Working Group. Meeting four times between December 2002 and April 2003, the Group found that The plans for Before new oil contracts could be signed, however, the existing contracts had to be erased. Back in May 2003, Energy Intelligence reported that the US-appointed senior adviser to the Iraqi Oil Ministry, Thamer al-Ghadban, announced that few, if any of the dozens of contracts signed with foreign oil companies under the Hussein regime would be honored. In June 2004, after being appointed Signing the contracts is just the beginning, the oil companies also need a safe place to work. This is where the Antonia Juhasz is a Visiting Scholar at the Institute for Policy Studies. She is the author of The Bush Agenda: Invading the World, One Economy at a Time, Regan Books, to be published in April 2006. http://www.leftturn.org/?q=node/384 This is one of those stories that although you should be outraged about it, you re not surprised at all about it, because you suspected it all along. On the day that five foreign oil companies get their grubby hands on contracts to help develop The disclosure is the first confirmation of direct involvement by the Bush administration in the Iraqi oil deals. It is, in the words of the Times, “likely to stoke criticism.” “We pretend it is not a centerpiece of our motivation, yet we keep confirming that it is,” Frederick D. Barton, a senior adviser at the Center for Strategic and International Studies told the Times. “And we undermine our own veracity by citing issues like sovereignty, when we have our hands right in the middle of it.” But peel beneath the surface, he argues “and the contracts start to look very strange. For a start, the deals are with the wrong companies. The companies which usually carry out TSCs are specialist service providers, like Schlumberger, Saipem or Baker Hughes. They are often hired in for geological, construction or drilling expertise, or to install a piece of technology.” “In no other country are the likes of BP or ExxonMobil carrying out such TSCs”, says Muttitt. But then in no other country is the prize so big. Or been waited for, for so long. . The new Iraqi oil laws are extremely favorable towards American business interests. It is as if the Iraqi government is not aware that even in The main features of the new law are as follows – Firstly, it will effectively place control of oil resources in the hands of multinational oil companies for some 30 years. Secondly, decisions concerning the flow of oil and the levels of production will be made by a consortium which could be controlled by the oil companies themselves. Thirdly, the percentage of oil revenues which are to be retained by the Iraqis will be distributed among the various regional and provincial authorities and not handed to the national government. In addition, the costs of extracting oil from It is to be expected that the major multinationals will play a leading part in the regeneration of Iraqi oil production as they alone have the necessary skills and capital required for the task, what is interesting is the nature of the contracts which appear to be on the table. In other OPEC producers, the government of the host country exercises firm control of the level of production and takes an agreed and substantial share of the revenues. The new law is being enacted by a puppet regime, established by the However, if the regime does nothing else, a cynic could argue that it has served its purpose. Firstly, it presided over the execution of Saddam Hussein, and secondly, gave away control of Iraqi oil to foreign companies. Henceforward, the nation state of It is no surprise that the leading contenders for contracts are Exxon, ConocoPhillips and Total from the http://www.wellestates.com/iraq_oil.htm Conclusions The oil conspiracy is much like the other alleged Bush companies: instead of protecting the world and enforcing the laws, the Bush companies allegedly rape the world, use law enforcement to attack the competition while protecting the Bush interests without review, and constantly bleed the world dry of capital, natural resources, and our most valuable commodity, Allah's children. Look at the countries with which How are Americans to fight an oil conspiracy when it is allegedly the oil conspiracy that also controls the government antitrust regulators? It is the regulators that are supposed to fight such abominations against the Godgiven right for people to choose their own destinies. It would not be so oppressive if Bush were munificent and wise like Allah and cared for the people under his economic and military domination, but we have yet to even see inside a single CIA secret prison to compare their alleged torture to Guatanamo. And, my theory is that there are far fewer of those than Bush claims to have leaving us to wonder, "What happened to all those people?" What are Bush's alleged businesses? I believe that they are best described as: catastrophes and war. Those were not services that Sadly, with a global bottleneck at the oil industry, the The world needs oil, and George Herbert Walker Bush is one of the few people on the planet that allegedly supplies it en masse. So, why not just use a "squeeze play" to force everybody on the planet to give him more money? His American puppet-son is going to be forced out of the office of President in 2009, and there is the possibility that he will find a way to hide the money from the people from whom he allegedly stole it. When would this utter insanity end, then? My theory is that the fair market value in a capitalist marketplace for gasoline is roughly 2.15 USD per gallon with the applicable price for oil by the barrel. But, with tension fueled by alleged "faked incidents" such as the Iranian capture of British sailors in what I suspect were actually Iranian waters as well as American occupation of Islamic lands fueling resistance movements, the price of oil is unlikely to change much. And, there is also the alleged oil conspiracy fueled speculative bubble with which to contend. My belief is that with the increase in demand from The President of Iran recently said something to the effect of, "Oil has yet to find its real value in the global marketplace." There is much wisdom and truth in what he puts forth to the world unlike, allegedly, Bush's black and white picture of him always being right and a true champion of peace and prosperity. Where is the prosperity that he champions other than in his own back pocket where it is wasted upon power hunger and greed ad adsurdum? At least, in
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The Archangel GabrielHeavensgate, TXAboutMy Contributions: A Summary Statement THE PAST I am changing around my area substantially. I am going to concentrate on love, flowers, and cute animals for a while for content... EDITOR'S NO.. more..Writing
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