$75 Oil - Lindsey Williams anyone?

[strayslack]

What hasn't occurred, at least overtly, is the discovery of vast oilfields in Indonesia and northern Russia, yes?

[Love/Light 13]

i think the truth is humanity is at a point where we realize oil is no longer a viable option as an engergy supply. The market is too volatile, and we rely on nations we would rather not be dealing with.

Big Oil's days are numbered, with or without reserves in Indonesia and Russia, i would hope!

L/L 13

*******************************

may WISDOM guide COMPASSION

"out of MANY, we are ONE"

[RubyTuesday]

http://kilatel.blogspot.com/

Awesome blog that's keeping track of his prediction among other things. The video is there, too if anyone missed it back in July.

Originally Posted by RubyTuesday

http://kilatel.blogspot.com/

Awesome blog that's keeping track of his prediction among other things. The video is there, too if anyone missed it back in July.

thanks Ruby Tuesday, It appears that this blog has many videos and information that will be very helpful. I will try to pass it along.

Tcap

[silverman]

Originally Posted by tcap711

thanks Ruby Tuesday, It appears that this blog has many videos and information that will be very helpful. I will try to pass it along.

Tcap

Look, there is ONE clear thing! Oil price is never strong before presidential elections in the US!

AND, there is a clear price target which has been set by Bilderberger/Illuminatis: USD 50 before the election! BUT BUT Attention!

After that you add ONE ZERO....yes USD 500! Ok this might sound very high but just imagine how low the Dollar will fall, when AMERO will be introduced.......

30 / 50 / 70 or 90% ....


Why should oil go up in a resession? Probabely because of an Isralian nuclear attack against Iran? Hmmm maybe or what do you believe what happens with the USD and the oil price at such a day...also perfect day to declare bankruptcy for United States of Banana Republic.....

Greetings silverman

[TAXMASTER]

actually, williams will turn out to be right for the wrong reasons. right now we are in a period of deflation and all commodities are dropping to lows that have not been hit for several years. that coupled with a supply buildup (due from increased capacity from opec in the summer and drivers staying home due to gas prices) is why oil is lower. it really hasn't got anything to do with plentiful oil. you can bet opec will lower production and try for some price cap in november. also when inflation kicks in due to all this money dumped on the markets, commodity prices will skyrocket.

Namaste'

[Blufire77]

Originally Posted by strayslack

What hasn't occurred, at least overtly, is the discovery of vast oilfields in Indonesia and northern Russia, yes?

Hi Strayslack,

Actually I remembered a report of a massive oil field discovered in Russia in July.

http://mjperry.blogspot.com/2008/07/...illing-to.html
http://www.lundin-petroleum.com/Pres...3-07-08_e.html

There are also major discoveries in the Indonesia area but are being blocked by China influence.

I have followed Williams for over 2 years and have been very unsettled by his accuracy.

If I remember correctly the reason the discoveries are a monumental problem for us (USA) is Russia and/or China will flood the market with really cheap oil which will undermine our relationship with OPEC and more importantly Saudi Arabia. They will call in the debt we owe to them and of course we have no funds left. Also Iran is somehow involved in this fiasco.

Since Russia started drilling this major find in September could this drop in oil we are seeing be the result and just another “twist of the knife” of an already mortally wounded world economy?

[strayslack]

Originally Posted by Blufire77

Hi Strayslack,

Actually I remembered a report of a massive oil field discovered in Russia in July.

http://mjperry.blogspot.com/2008/07/...illing-to.html
http://www.lundin-petroleum.com/Pres...3-07-08_e.html

There are also major discoveries in the Indonesia area but are being blocked by China influence.

I have followed Williams for over 2 years and have been very unsettled by his accuracy.

If I remember correctly the reason the discoveries are a monumental problem for us (USA) is Russia and/or China will flood the market with really cheap oil which will undermine our relationship with OPEC and more importantly Saudi Arabia. They will call in the debt we owe to them and of course we have no funds left. Also Iran is somehow involved in this fiasco.

Since Russia started drilling this major find in September could this drop in oil we are seeing be the result and just another “twist of the knife” of an already mortally wounded world economy?

Hey Blufire!! We missed you the other night.
Wow! I had no idea there had actually been finds in both those locations, though admittedly, I hadn't been looking for it.
We're really seeing a shift in global leverage right now that plays into the hands of the Russians and Chinese. I'll bet the PTB in the US are furious after the trouble they went to in Iraq. Could this be one of the reasons why they haven't pulled the trigger on Iran as many have expected?