.
May 22, 2007
SouthAmerica: One month ago I was talking to a friend of mine who has a boat business here in New Jersey and he was telling me how his business was lucky to break even last year and this year he does not expect to make any money once again.
The culprit â gas prices â gas prices killed his business last year and in 2007 since he knew that the American oil companies were playing the same game once again then he sold all his inventory since January at cost just to stop any carrying costs that he knew it would be hard to recover during the summer months.
One of his customers work for a major oil company and he told my friend a few months ago that the major oil companies had coordinated their refinery closings to do maintenance work to reduce the gasoline inventory in the market for them to be able to jack up the prices of gas to the American public just as the summer driving season begun.
Since the price of gas had killed my friends business last year â this year he learned his lesson and sold all his inventory away before he would on normal years and he sold it at cost just to not be caught with his pants down because of the high price of gas.
He is glad that his friend mentioned to him early in the year about the game that the US petroleum companies are playing here in the United States with the price of gas â that gave him the chance to cut his losses away in advance and sell all his inventory.
Most of the competition to my friend business went out of business in the last 20 years and he is one of the sole survivors in our area of the country and he does not have any inventory if there are any customers during this summer time.
*************
Here is an economic game Saudi Arabia can play that can be very profitable to them.
It was obvious to me that the major petroleum companies have been playing games with the price of gas for a long time â and I know that the American Petroleum companies are going to play the same old game once again similar to the game they did play last year when gas prices reached $ 3.25 per gallon for the cheapest gas during the summer of 2006, then the prices declined to the lowest point of $ 2.00 per gallon in November 2006 on election day - and the following day after the election the petroleum companies restarted their game on the way up and once again they are taking the American people for a ride and gas prices have reached new high all over the United States.
Today the barrel of petroleum is trading at around US$ 65 per barrel. In my opinion it would be very easy for the Saudi Arabian government to make the price of a barrel of oil to go over US$ 100 per barrel and they can accomplish that overnight.
I have observed over time some US government strategy at work and just keep in mind that the United States government has brainwashed the American people into fear terrorist attacks, and basically today Americans would buy anything in that regard that is why every time something is going wrong with some kind of investigation regarding the current administration or a major problem is going on in the Middle East â they use the terrorism card and a new terrorist plot is brought forward to take attention of the other problem.
Today I donât believe on anything the US government say about terrorist plots â and I assume only gullible Americans still believe on those fairy tales.
But for good or worse the American people is ripe to be taken for a ride because of their mindset regarding terrorism.
Why Saudi Arabia is not learning from the major American oil companies how to take the American public for a ride since it would be a piece of cake for Saudi Arabia to play the same game that the major American oil companies have been playing and Saudi Arabia can make the price of oil to go overnight to over US$ 100 per barrel on the international market.
When the price of oil reaches over US$ 100 per barrel that can translate in billions and billions of extra dollars going to the coffers of the petroleum producing countries in the Middle East.
How they can do that overnight?
It is very simple â remember the mindset of the American people regarding terrorism â all the Saudis have to do is stage a terrorist attack on one of their major oil production facilities â they can hire a movie making crew to make the attack to seem real â like in the movie âWag the Dogâ â but in this case they have to stage in such a way that has to look real even to the satellites from out of space that would be taking pictures to access the damage.
The illusion that a good filmmaker can create today in making such a war scenes can make it look as if it was the real thing.
Voila, no actual damage to the Saudi Arabian production capacity, but instead the illusion that the production capacity would be disabled for months until they can be repaired and returned once again to production.
In the meantime they can pocket billions and billions of extra dollar and they can laugh all the way to the bank.
Basically that staged terrorist attack by the Saudi government would not be any different than what the major oil companies are doing today to the American people â they would just be taking the American people to the cleaners.
The major oil companies are allowed to that the American people to the cleaners all the time then we can assume that the oil producing countries also should be able to get away with that kind of market manipulation.
If other oil producing countries try to use that strategy that would not have the same impact as if the Saudis did that themselves â only the Saudis have the power to push the price of oil to over US $ 100 per barrel.
The price of oil on world markets would react to the way up based on the illusion that has been created instead of the actual reality. The oil traders would react to the perception of what they think that has happened â to the staged illusion created for them.
If Saudi Arabia decides to play such an economic game I wonder how many extra billion dollars that game can provide to their coffers when the price of oil jumps from the current US$ 65 per barrel to over US$ 100 per barrel overnight.
.
May 22, 2007
SouthAmerica: One month ago I was talking to a friend of mine who has a boat business here in New Jersey and he was telling me how his business was lucky to break even last year and this year he does not expect to make any money once again.
The culprit â gas prices â gas prices killed his business last year and in 2007 since he knew that the American oil companies were playing the same game once again then he sold all his inventory since January at cost just to stop any carrying costs that he knew it would be hard to recover during the summer months.
One of his customers work for a major oil company and he told my friend a few months ago that the major oil companies had coordinated their refinery closings to do maintenance work to reduce the gasoline inventory in the market for them to be able to jack up the prices of gas to the American public just as the summer driving season begun.
Since the price of gas had killed my friends business last year â this year he learned his lesson and sold all his inventory away before he would on normal years and he sold it at cost just to not be caught with his pants down because of the high price of gas.
He is glad that his friend mentioned to him early in the year about the game that the US petroleum companies are playing here in the United States with the price of gas â that gave him the chance to cut his losses away in advance and sell all his inventory.
Most of the competition to my friend business went out of business in the last 20 years and he is one of the sole survivors in our area of the country and he does not have any inventory if there are any customers during this summer time.
*************
Here is an economic game Saudi Arabia can play that can be very profitable to them.
It was obvious to me that the major petroleum companies have been playing games with the price of gas for a long time â and I know that the American Petroleum companies are going to play the same old game once again similar to the game they did play last year when gas prices reached $ 3.25 per gallon for the cheapest gas during the summer of 2006, then the prices declined to the lowest point of $ 2.00 per gallon in November 2006 on election day - and the following day after the election the petroleum companies restarted their game on the way up and once again they are taking the American people for a ride and gas prices have reached new high all over the United States.
Today the barrel of petroleum is trading at around US$ 65 per barrel. In my opinion it would be very easy for the Saudi Arabian government to make the price of a barrel of oil to go over US$ 100 per barrel and they can accomplish that overnight.
I have observed over time some US government strategy at work and just keep in mind that the United States government has brainwashed the American people into fear terrorist attacks, and basically today Americans would buy anything in that regard that is why every time something is going wrong with some kind of investigation regarding the current administration or a major problem is going on in the Middle East â they use the terrorism card and a new terrorist plot is brought forward to take attention of the other problem.
Today I donât believe on anything the US government say about terrorist plots â and I assume only gullible Americans still believe on those fairy tales.
But for good or worse the American people is ripe to be taken for a ride because of their mindset regarding terrorism.
Why Saudi Arabia is not learning from the major American oil companies how to take the American public for a ride since it would be a piece of cake for Saudi Arabia to play the same game that the major American oil companies have been playing and Saudi Arabia can make the price of oil to go overnight to over US$ 100 per barrel on the international market.
When the price of oil reaches over US$ 100 per barrel that can translate in billions and billions of extra dollars going to the coffers of the petroleum producing countries in the Middle East.
How they can do that overnight?
It is very simple â remember the mindset of the American people regarding terrorism â all the Saudis have to do is stage a terrorist attack on one of their major oil production facilities â they can hire a movie making crew to make the attack to seem real â like in the movie âWag the Dogâ â but in this case they have to stage in such a way that has to look real even to the satellites from out of space that would be taking pictures to access the damage.
The illusion that a good filmmaker can create today in making such a war scenes can make it look as if it was the real thing.
Voila, no actual damage to the Saudi Arabian production capacity, but instead the illusion that the production capacity would be disabled for months until they can be repaired and returned once again to production.
In the meantime they can pocket billions and billions of extra dollar and they can laugh all the way to the bank.
Basically that staged terrorist attack by the Saudi government would not be any different than what the major oil companies are doing today to the American people â they would just be taking the American people to the cleaners.
The major oil companies are allowed to that the American people to the cleaners all the time then we can assume that the oil producing countries also should be able to get away with that kind of market manipulation.
If other oil producing countries try to use that strategy that would not have the same impact as if the Saudis did that themselves â only the Saudis have the power to push the price of oil to over US $ 100 per barrel.
The price of oil on world markets would react to the way up based on the illusion that has been created instead of the actual reality. The oil traders would react to the perception of what they think that has happened â to the staged illusion created for them.
If Saudi Arabia decides to play such an economic game I wonder how many extra billion dollars that game can provide to their coffers when the price of oil jumps from the current US$ 65 per barrel to over US$ 100 per barrel overnight.
.