Infowars
November 7, 2009
Kurt Nimmo
Infowars
February 20, 2009
If you scrub the above YouTube video to 3 minutes, 45 seconds, you will hear the globalist George Soros at the elite confab last month in Davos, Switzerland, admit that the price of oil is being used as a weapon against the “enemies of the prevailing world order,” i.e, the New World Order. Soros pegs these enemies as Venezuela, Iran, and Russia.
“Chavez,” declares Soros, “his days are numbered.”
In Iran, the price of oil will lead to the defeat Mahmoud Ahmadinejad and bring in a “more reasonable regime,” that is to say a regime that takes orders from the global elite.
In the case of Russia, Soros is worried. He believes the falling price of oil and the resulting social and political chaos in that country will prompt Putin and the Russian leadership into “some foreign adventure… to divert attention,” possibly in Ukraine or elsewhere in the neighborhood.
Soros confirms in spades the prediction of Lindsey Williams, who told Alex Jones on several occasions that the global elite have planned to drastically reduce the price of oil in order to take out the oil-producing states and also foment a world-wide economic depression. “America will see a financial collapse so great that it will take years to come out of it,” Williams told Alex Jones on November 21, 2008.
On February 18, Pastor Williams, appearing on Alex Jones TV, updated and added details to his prediction, based on insider information (see video below).
Listening to George Soros, one might get the idea that the radical drop in the price of oil is simply a result of market dynamics and a coincidental opportunity to deal a crushing blow to “enemies of the prevailing world order,” when in fact it is a carefully orchestrated event.
George Soros knows this, but he is not about to tell you.
| See the rest of the interview on Civilian37’s YouTube channel. | |
by Nadeem Walayat | |
Global Research, December 8, 2008 | |
No one could have imagined a little over 4 months ago with crude oil trading at $147, that crude oil would have crashed by 70% and be threatening to break below $40 so soon. Therefore this analysis seeks to to evaluate the prospects for crude oils future trend over the next 12months in determining whether crude oil today is a good buy or not. Crude Oil Inflation Hedge Unwinding and the Recession. China and other emerging markets are eyeing the fall in crude oil price to utilise huge trade surplus foreign currency reserves to buy up crude oil reserves exposure wherever possible, this has resulted in less of a decline for oil majors stock prices despite the 70% oil price crash. Crude oil as with all asset classes is being hit by the reversal of the inflation hedging that took place going into mid 2008 that saw crude oil bust through $100 towards $150, the original expectation was for the whole of this inflation hedging to unwind back through $100 and down towards a target of $80 with possible overshoot to the downside once the scale of the credit crisis fully manifested itself. As the oil price rally fed into much higher inflation statistics on the upside, so deleveraging of the inflation hedge is leading to self feeding deflation on the downside which is acting on pushing crude oils to much lower levels than could originally have been estimated. The deep recession ensures that crude oil demand is being cut faster than that taken up by the emerging economic giants of China and India, also the stronger dollar has ensured that the actual falls in foreign currency terms has been less than for the United States. This implies continued weak trend for crude oil for the duration of the U.S. recession which is the key to crude oils trend for 2009, which given last months job losses of 533,000, the worst data in 34 years illustrates that the U.S. economy is a long way away from recovery with Europe not far behind in terms of economic contraction and therefore precludes a quick sustainable recovery for crude oil prices. However as always traders and investors need to concentrate on the actual price trend rather than the economic data as the price will move long before a change in the economic fundamentals becomes apparent. Strike Against Iran Rumours Still rumours persist of a possible attack against Iran's nuclear infrastructure that will drive crude oil prices higher, these rumours are nothing new for they tend to pop up every few months and have been doing the rounds for several years. This is more wishful thinking for perma oil bulls that last occurred in the lead up to the crude oil peak of $147 in July 2008, which at the time I concluded of being an extremely low probability event and which remains so. Those that have clung on to crude oil positions on the basis of this rumour have seen their bull market profits totally wiped out, therefore the key for any market participant remains to watch the oil price and not be mislead down the path of the wishful thinking rumour mill. Crude Oil Supply / Demand Fundamentals According to the International Energy Agency world oil demand growth is expected to slow to an average of 86.3 mln bpd during 2009 down from earlier forecasts that approached 87 miln bpd, meanwhile supply is expected to growing at an annual rate of 1.2% and expected to hit 87 mln bpd in 2009, which is less than the previous forecast for global supply growth of 1.6% per annum as the supply growth now reflects the 70% crash in the global oil price. However going forward demand from developed countries is expected to continue to contract at the average rate of 200,000 barrels per day that implies the full impact of peak oil will be put off for as long as another 5 years, implying crude oil volatility during this period where a future sentiment driven crude oil bull market could yet again lead to another price crash as we have witnessed over recent months. Therefore it is important for investors especially in oil price ETF funds to always have in place price targets and mechanisms for exiting out of positions so as to ensure future bull market gains do not evaporate in the face of bear markets. Crude Oil Technical Analysis
Trend Analysis - Crude oil is clearly in the overshooting to the downside phase, having plunged through the original target of $80, then overshot support at $60, with the final break of the low of $50 and now assaulting on the $40 support level. Further immediate support exists along decades old resistance areas generated during the 1980's in the region of $35. Therefore this suggests further crude oil downside is limited. However the deep retracement suggests a wide trading band of between $80 and $35, therefore expectations of much price volatility during the base building process during much of 2009. Therefore those now calling on crude oil to head towards $20 are reminiscent of calls for crude oil to hit $200 earlier this year, the overshoot that was going to occur has occurred with the expectations there there is little further downside remaining in future price action. However a bottom has to be formed that will take time to occur. MACD - The MACD indicator is extremely oversold which implies that further immediate downside is extremely limited which suggests a significant multi month corrective rally is imminent. Elliott Wave Theory - The peak of July 2007 marked the 5th wave Crude Oil Bull market peak with the subsequent expected pattern to form an ABC correction, that has been confirmed by preceding crude oil bear market outcomes. The current trend lower is clearly an A wave decline which suggests a B wave rally, that could retrace 38.2% of the decline today which projects to $80 and confirms trend analysis for a volatile crude oil trading range during 2009. US Dollar bull market - The trend in crude oil and most commodities, is not so surprising in that the Dollar bull market remains in tact that will continue to bear down on all commodities during 2009. Previous updates: March 2008 - U.S. Dollar bottom called; August 2008 - U.S. Dollar base building breakout; October 2008 - U.S. Dollar correction into late November expected before continuation of the bull market into early 2009 towards a target of USD 92. More to follow on the U.S. dollar's prospects during 2009 in my fourth US Dollar bull market update later this month. Crude Oil Forecast 2009 Crude oil is still in a downtrend, that means investors and traders need to WAIT for a buy trigger which normally means the break of a recent high or a significant resistance area ($50) before scaling into a position, and I mean scaling in because it will take much time for crude oil to formulate a bottom that I expect will form a very volatile double or even triple bottom pattern i.e. protracted bottom formation punctuated with very sharp short-covering rallies that could see crude oil spike higher to $80 and declines back to below $50 over the next 12 months as the below graph illustrates. What this anticipated scenario means is that there is TIME for investors to buy into crude oil positions as the base building confirmation takes place, as any strong rallies will likely be followed by tests and probable breaks of the previous low so as to enable the creation of the overall saucer shaped double bottom pattern. However the long-term trend for crude oil remains higher, when I mean long-term I am looking at well beyond the next 12months towards 5 to 10 years, when I would not be surprised given the peak oil fundamentals that we will actually be visiting the $200 crude targets that were loudly pronounced during mid 2008 as being imminent when crude oil was trading at $147. This scene rios should not be surprising given that the US Dollar bull market remains in tact that will continue to bear down on all commodities during 2009, but more on the dollar in my next (fourth) US Dollar bull market update.
GOLD Quick Update - My previous analysis that envisioned a sideways trend for gold for 2009 of between $930 and $700 still stands with little price action to date to suggest otherwise. Chris Vermeulen has also prepared an excellent in depth analysis for the outlook for gold and gold stocks trend that readers maybe interest in.
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities. | |
1) There was an attack on Baku-Tblisi-Ceyan pipeline on Aug 5 2008 .The kurdistan workers party took responsibility according to Cnn/Turkish news.
2) A Russian pipeline also caught on fire on Aug 6 2008 in Bulgaria.
3) There is 200 billion barrels of oil in the Caspian sea region and prior to to Russia disolving into the commonwealth of independent states It was under complete control of Russia.
@100 per barrel = 20 trillion
@200 per barrel = 40 trillion
a) There is also 236 trillion cubic feet of natural gas according to a Unnocal congressional report in 1998.
4) Geopolitically , if you control this region you control the sales of energy to the world , you take away the Potential earnings of Russia (20 -40 Trillion) and steal this wealth to redistribute to Nato allies.
5) Russia and Iran in 1940 agreed to split the Caspian due to the fact the caucusus region was part of the former Persian empire .
6) The USA is surrounding Russia with Nato forces by funding revolutions in the countries surrounding the Caspian sea , they gaining access to ports in the Ukraine and building missle defense systems in Poland ! The Us is also in Turkey , Iraq, Afghanistan and is ready to attack
Iran.
7) Russia is under the control of the NWO or we would be plunged in war ! In the early 60's
the Russians tried building missle bases in Cuba and JFK Threatend nuclear war unless Russia
left The Us sphere of influence.
8) It Makes no sense why Russia would allow Nato to Rape Its Oil .
9) Why would Bush visit Georgia the opening day of the pipeline in tblisi May 12 2005?
why would Nato allow Georgia into Nato?
why would Israel and the Usa train the Georgian soldiers?
Why did the Georgian economy triple since the opening in 2005?
Awnser = The Baku-Tblisi-Ceyhan Pipeline

May 10 2005 - The Baku-Tblisi-Ceyhan pipeline officially pumps oil from Baku , Azerbaijan into Georgia and then to Ceyan.Two days later George Bush visits Georgia and states in a speech " Your courage is inspiring democratic reformers and sending a message that echoes across the world: Freedom will be the future of every nation and every people on Earth..… Georgia is today both sovereign and free and a beacon of liberty for this region and the world.”
May 28 2006- The first oil reaches Ceyhan , Turkey on May 28 2006 and ready to be shipped to western markets.
The pipeline is buried 3 feet underground to prevent a terrorist attack.
Aug 05 2008 - 23:00 On August 5 there was an explosion and subsequent fire on a section of the Baku-Tbilisi-Ceyhan (BTC) oil pipeline running through Eastern Turkey. The military wing of the Kurdistan Workers’ Party (PKK), issued a statement claiming that the explosion was the result of sabotage by one of its units (Firat News Agency, August 7). Turkish officials have now backed down from their previous conviction that the explosion was caused by an accident. On August 7, Turkish Energy Minister Hilmi Guler told Turkish journalists that officials would have to wait until the fire had been extinguished before conducting a thorough investigation to determine the cause of the explosion. “It is too early to say anything for certain,” said Guler (Anadolu Ajansi, August 7).
The Turkish television news channel CNNTurk quoted unidentified BTC officials who had visited the site as saying, “We haven’t seen any signs of an explosion that would indicate sabotage, but the cause will only become clear after the fire has been extinguished”.(CNNTurk, August 7).
Russia, China and Iran has 40 trillion dollars worth of reasons and motives to breakup this arrangement....
1) Russia and Iran had a complete monopoly of oil production until the Usa came into the picture.
2) China does not export oil ,it now imports oil.
3) Iran/Russia Lose their potential rights to the Caspian Sea reserves estimated at 200 billion barrels.
[ 11 Aug 2008 17:34 ] 
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Erzincan – APA. The fire, which occurred on a Turkish section of Baku-Tbilisi-Ceyhan (BTC) oil pipeline on the night of August 5-6 (2.00 Baku time), has been competed extinguished.
APA reports quoting Turkish mass media that the fire, which continued for six days, has been extinguished today. Measures are taken to eliminate the consequences of the fire.
Explosion occurred in 52km of Erzincan-Sivas highway, on the pipeline passing through Refahiye settlement of Erzincan province. The blast was followed by a strong fire. The flames were about 50m high. Spread of fire to the neighboring villages and forest strip was prevented. Transportation of oil via the pipeline and gas via the neighboring gas pipeline was suspended after the accident. The firefighters could not approach the site where the blast had occurred. They were waiting for the oil in the pipeline to burn down. Oil transportation will restored after the repair work within 10-15 days.
Crude oil tops $121 a barrel on Turkish pipeline fire
Oil climbed off three-month lows to rise more than $2 Thursday as supply concerns returned to the market. In early electronic trading, U.S. crude rose $2.50 to $121.08 a barrel after the contract recovered from a three-month-low in the previous session. London Brent crude climbed $2.05 to $119.05. Supply concerns came to the...
BP said on Wednesday exports of Azeri oil from Turkey should resume next week after repairs to the $4 billion (2.1 billion pounds) Baku-Tbilisi-Ceyhan (BTC) pipeline damaged by a fire two weeks ago. The line can pump up to 1 million barrels per day of oil, equal to more than 1 percent of world supply, from fields in the Azeri part of the Caspian Sea to Ceyhan in Turkey. Its closure had supported world oil prices, which fell initially on news that it was reopening....
Pipe blast in Bulgaria cuts Russian gas supplies to Greece

The Baku-Tbilisi-Ceyhan pipeline is a crude pipeline that covers 1,768 kilometres (1,099 mi) .
Shareholders of this pipeline are...
Hess Corporation (USA) 2.36%
The total oil reserves of the caspian sea region is estimated at over 200 billion barrels amongst 6 nations.
1)Azerbaijan 31-38 billion barrels.
2) Iran 12 billion barrels.
3) kazakstan 95-101 billion barrels.
4) Russia 5 Billion barrels.
5) Turkmenistan 34 billion barrels.
6) Uzbekistan 1 billion barrels.
200 billion barrels x 100 .00$ per barrel = 20 trillion
$200 bilion x 200.00$ per barrel =40 trillion $
20 ,000, 000, 000,000 (@ 100 per barrel)
40,000,000,000,000 (@200 per barrel)
Follow the money...
30.1 %- 6.2 Trillion to 12.4 trillion payout.
25 % - 5 trillion to 10 trillion payout.
8.9% - 1 .78 trillion to 3.56 trillion payout.
8.71%- 1.74 trillion to 3.48 trillion payout.
6.53%-1.3 trillion to 2.6 trillion payout.
5.0%-1 trillion to 2 trillion payout.
5.0% - 1 trillion to 2 trillion payout.
3.4%- 680 billion to 1.36 trillion paypout.
2.5 %- 500 billion to 1 trillion payout.
2.5% - 500 billion to 1 trillion payout.
2.36%-472 billion to 944 billion payout
Washington Playing the China Card
The one power in Eurasia that has the potential to create a strategic combination which could checkmate US global dominance is China. However China has an Achilles Heel, which Washington understands all too well—oil. Ten years ago China was a net oil exporter. Today China is the second largest importer behind the USA.
China’s energy demand is growing annually at a rate of more than 30%. China has feverishly been trying to secure long-term oil and gas supplies, especially since the Iraq war made clear to Beijing that Washington was out to control and militarize most of the world’s major oil and gas sources. A new wrinkle to the search for Black Gold, oil, is the clear data confirming that many of the world’s largest oil fields are in decline, while new discoveries fail to replace lost volumes of oil. It is a pre-programmed scenario for war. The only question is, with what weapons? 
In recent months Beijing has signed major oil and economic deals with Venezuela and Iran. It has bid for a major Canadian resources company, and most recently made the audacious bid to buy California’s Unocal, a partner in the Caspian BTC pipeline. Chevron immediately stepped in with a counter bid to block China’s.
Beijing has recently also upgraded the importance of the four-year-old organization, Shanghai Cooperation Organization, or SCO. SCO consists of China, Russia, Kazakhstan, Uzbekistan, Kyrgystan and Tajikistan. Not surprisingly, these are many of the states which are in the midst of US-backed attempts at soft coups or Color Revolutions. SCO’s July meeting list included an invitation to India, Pakistan and Iran to attend with Observer Status.