This page has been archived and commenting is disabled.
Saudi Prince Warns "We Will Not See $100 Oil Again", Calls Anti-Russia Conspiracy "Baloney"
Speaking to his favorite money-honey, billionaire Saudi Prince Alwaleed bin Talal told Maria Bartiromo that the negative impact of a 50% decline in oil has been wide and deep. As USA Today reports, the prince of the Saudi royal family said that while he disagrees with the government on most aspects, he agreed with their decision on keeping production where it is, adding that "if supply stays where it is, and demand remains weak, you better believe it is gonna go down more. I'm sure we're never going to see $100 anymore... oil above $100 is artificial. It's not correct." On the theory that the US and the Saudis have agreed to keep prices low to pressure Russia, the prince exclaimed, that is "baloney and rubbish," adding that, "Saudi Arabia and Russia are in bed together here... both being hurt simultaneously."
Q: Can you explain Saudi Arabia's strategy in terms of not cutting oil production?
A: Saudi Arabia and all of the countries were caught off guard. No one anticipated it was going to happen. Anyone who says they anticipated this 50% drop (in price) is not saying the truth.
Because the minister of oil in Saudi Arabia just in July publicly said $100 is a good price for consumers and producers. And less than six months later, the price of oil collapses 50%.
Having said that, the decision to not reduce production was prudent, smart and shrewd. Because had Saudi Arabia cut its production by 1 or 2 million barrels, that 1 or 2 million would have been produced by others. Which means Saudi Arabia would have had two negatives, less oil produced, and lower prices. So, at least you got slammed and slapped on the face from one angle, which is the reduction of the price of oil, but not the reduction of production.
Q: So this is about not losing market share?
A: Yes. Although I am in full disagreement with the Saudi government, and the minister of oil, and the minister of finance on most aspects, on this particular incident I agree with the Saudi government of keeping production where it is.
Q: What is moving prices? Is this a supply or a demand story? Some say there's too much oil in the world, and that is pressuring prices. But others say the global economy is slow, so it's weak demand.
A: It is both. We have an oversupply. Iraq right now is producing very much. Even in Libya, where they have civil war, they are still producing. The U.S. is now producing shale oil and gas. So, there's oversupply in the market. But also demand is weak. We all know Japan is hovering around 0% growth. China said that they'll grow 6% or 7%. India's growth has been cut in half. Germany acknowledged just two months ago they will cut the growth potential from 2% to 1%. There's less demand, and there's oversupply. And both are recipes for a crash in oil. And that's what happened. It's a no-brainer.
Q: Will prices continue to fall?
A: If supply stays where it is, and demand remains weak, you better believe it is gonna go down more. But if some supply is taken off the market, and there's some growth in demand, prices may go up. But I'm sure we're never going to see $100 anymore. I said a year ago, the price of oil above $100 is artificial. It's not correct.
Q: Wow. And you said you are in agreement with the Saudi government to not give up market share?
A: This is the only point I'm agreeing with the Saudi Arabian government on oil. That's the only point, yes.
Q: Should the Saudis cut production if they get an agreement with other oil producing countries to take oil off the market?
A: Frankly speaking, to get all OPEC countries to approve and accept it, including Russia and Iran, and everybody else, is almost impossible You can never have an agreement whereby everybody cuts production. We can't trust all OPEC countries. And can't trust the non-OPEC countries. So it's not on the table because the others will cheat. The past has proven that. When Saudi Arabia cut production in the '80s and '90s, everybody cheated and took market share from us. Plus, remember there is an agenda here also. Although Saudi Arabia and OPEC countries did not engineer the reduction in the price of oil, there's a positive side effect, whereby at a certain price, we will see how many shale oil production companies run out of business. So although we are caught off guard by this, we are capitalizing on this matter whereby we'll live with $50 temporarily, to see how much new supply there will be, because this will render many new projects economically unfeasible.
Q: What about the theory of the pressure on the Russians? There's a theory that the U.S. and the Saudis have agreed to keep prices low to pressure Russia because of what Putin has done in Ukraine.
A: Two words: baloney and rubbish. I'm telling you, there's no way Saudis will do this. Because Saudi Arabia is hurting as much as Russia, period. Now, we don't show it because of our big reserves. But I'll tell you Saudi Arabia and Russia are in bed together here. And both are being hurt simultaneously. And there's no political conspiracy whatsoever against Russia. Because we are shooting ourselves in the foot if we do that.
Q: You said the price of oil will dampen the shale revolution in America. How?
A: Shale oil and shale gas, these are new products in the market. And we see big ranges. no one knows for sure what price is the breaking point for shale. Wells have a higher production cost. And very clearly these will run out of business, or at least not be economical. At $50, will it still be economically feasible? Unclear. This is a very much developing story.
»
- 65535 reads
- Printer-friendly version
- Send to friend
- advertisements -
Stick fork in it the petrodollar is on life support
Freudian slip, or some unintended truthiness.
Russia and Saudi are in the same bed.
I smell the traditional Arab double, double cross, on our poor secretariat of state,and
our Dear Leader.
Saudi Princes never lie. Especially about oil. Never, ever.
When its important, you have to tell the truth.
Saudi Prince Alwaleed bin Talal is not technically lying.
But what he isn't saying is you won't see $100 oil again because it will be priced in gold grams in the future.
What is baloney is everything that comes out of his mouth.
Any story in USA Today is full on propaganda. The only newspaper I would consider reading is IBD.
Sometimes when I am in a story, I glance at the USA Today headlines. Pure trash. Lots of anti Putin and anti Russia crap. Pro illegal alien bullshit too.
I laugh at idiots in places reading newspapers like idiots who watch TV and Hollywood. Morons who like being lied to.
This guy is an absolute joke. Oil was a Buck Eighty a barrel in 1970, even with the huge drop in prices the trend is still very clear. Never see 100 bbls again? That is the most naive statement I have ever heard, he gives no time limit, he just says never. That smacks of arrogance to say something will never happen, particularly something that is so likely to happen again in the next several years. An economic meltdown is the only thing that will make his statement true for the next decade and that’s only if they don’t print as a result (fat chance). The chance that we don’t see oil at 100 in the next 20 years is nil. Cocky entitled prick should not be entitled to have anyone listen to such rubbish.
Rubbish likes Baloney
And Gold Bitchez....I only pick up pennies
In an economic meltdown scenario, the debt markets and major fiat currencies (including the USD) will collapse.
Meltdown will not result in low oil prices.
The Prince is an Arab Steve 'Goldilocks" Liesman - the name fits.
If the fed did nothing and I mean nothing and held everything the same from here oun out, there would be a massive deflation and the govt would default on their debt. The electronic monetary system would destroy itself and there would be no electronic dollars left only paper. in that case oil would be DIRT cheap relitive to dollars, granted no one would have many dollars to buy it with. Since this path takes no action it must be considered the default. All that said the Fed will not be passive so while deflation is the default it is also unlikely.
Both the electronic and paper dollars woud be worthless then as we would be in complete collapse.
The debt markets need to be restructured and we need a new, non-debt currency (gold).
And what makes you think that gold in the future won't be rehypothicated, which is in essences, creating unsustainable debt?
Anyway, in a deflationary collapse, one has to raise as much of whatever currency to pay for life. And since the majority of the world is still dominated in US dollars (tradewise), that means globally, the US dollar rises, as it has and as I forecasted.
It also means the same locally for US citizens. I am still unable to pay for my daily living expenses in PMs and I really doubt the majority of us here have found a local bank or grocery store or whatever local retailer that will accept PMs instead of US dollars.
We will have a loss of trust following this global smash-up. The markets will demand secure currency.
Rising USD index is expected in the deflationary collapse as predicted by John Exter. The currencies soar until they collapse in this scenario.
Read:
https://en.wikipedia.org/wiki/John_Exter
http://www.goldmoney.com/research/research-archive/a-banker-for-all-seasons-the-life-and-times-of-john-exter-champion-of-sound-money
http://www.goldmoney.com/research/research-archive/A-BANKER-FOR-ALL-SEASONS-PART-II
http://www.goldmoney.com/research/research-archive/a-banker-for-all-seasons-part-iii
Personally in a country that beheads 90 people a year and has beauty goat pagents we should put a 'brawndo tarriff' on all products coming from these camel riding sand bastards. We should be charging a $40 / barrel tarriff for ANY of their oil to come over here - and by doing so our industry in shale would continue to prosper and be protected circulating good paying jobs which drive local economies.
But Muslim Brotherhood leader fudge packer in chief will have none of that. Good job you liberal retards and 'hard done by minorities' for voting in the socialist n thief.
As an American I am quite sick of being fucked. Fuck your tariff as I hope to see oil less than $30 a barrel forever.
Confucius say: Man who say you never see something again, say you be dead soon.
He is right, $100 dollar oil never.
$99.99 forevah might happen though ;-)
$66.66 then London gets nuked by a false flag.
Oil will reach $100 before the end of 2015.
Whatever happened to "PEAK OIL"?
Let's see what happens to production over the next year. Then take a look at the production chart and you will see what is meant by "PEAK OIL". That said significantly higher prices can reverse this down trend again. I work in the oil industry and remember in '05/'06 reading about all of the oil being unlocked by 50 dollar a bbl oil. Just 10 years later we are talking about all of the oil being 'locked' back up by that same 50 dollar oil. Lol in 2018 the buzz will be about all the oil being unlocked again, but this time it will be from 150 dollar oil, locked again at 100 bucks and unlocked again at 1000. And so the game goes on.
Nothing wrong about "Peak Oil" theory. There has been no significant production output increase. As far as I know, to the contrary.
I think you are confusing "Peak Oil" with "Peak Oil Price". And no, we havent hit "Peak Oil Price" yet. Too many products in our society is dependent upon oil for it to go out of demand. A demand SLUMP will happen, like now, but the world still hangs tight to the oil tit.
might tag the 45 $ handle this week
liberal retards?
Yeah right. The Saud's don't care about American checker moves(Putin), they'er soooo independent.
that is just plain stupid. The US doesn't import much of its oil from Saudi Arabia. Even if it did, however, and the government imposed tarrifs, being a net importer the US will have to buy from someone else and Saudi will have to sell to someone els,e so the market will balance itself so long as demand remains the same.
We don't behead them, we poison them. Way more enlightened. I don't fucking think.
Why is everyone so down on beheading? It's how most kill their chickens, it's a pretty benign way to go as far as I can see. Sure as hell beats emphysema.
Equally enlightened, we don't have beauty pageants for goats, we have them for dogs. And cats. And chickens. And hamsters, for all I fucking know.
And charging tarrifs....sure, more taxes. Just what we fucking need.
Yer a fuckin' idiot cnmcdee.
The vast majority of money in the US is bank credit money which is backed by debt. If we default on the debt, the bank credit money just disappears (along with most of the banks). However, paper cash, the stuff in your wallet, will operating just fine and will buy MUCH more than it does today. Of course, the gov will have to print trilllions more just to keep us eating. You will see $1,000 bills etc. If they decide to keep going, we might see hyperfinlation, which is always followed by a reset and a new fiat currency regime.
The paper stuff will buy MUCH more, but we'll need $1,000 bills? Eh?
Baloney - that's a word he does not know. Baloney has pork in it. a mussie would never even mention pork in their language.
unless he buys the 100% beef version at the Piggly Wiggly -
NoVa
He probably meant in his lifetime, which to Saudi Princes could be measured in months if oil hits $20.
How much, in dollars, will oil be worth, when the dollar becomes worthless?
More than 100, I would think.
good point.
most likely he is part of the hit team to kill the shale and rigs down in texas etc. before it takes off ... thats my take, why a saudi come on this strong otherwise? doesnt make any sense ... except when you think it might tailored towards scaring the muppets to give up quickly ... i think it will work one way or the other.
muppets better give up! they are after you ....
You are correct on that, but the Saudis do have huge reserves to placate the masses for a while, and they are essentially betting that these cash reserves will keep their plebes fed for long enough for the price to go back up as higher cost wells go offline. This low price won't last long, since anything with a cost of over 50/barrel won't last much longer, cutting a large amount of supply off. But, if oil truly does stay that low for a long period of time, the Saudi royals will run out of money, and as a wise person once said 'revolutions are fought on empty stomachs'. They aren't well liked by a huge segment of the population, and a collapsing US empire won't be able to keep shipping them nearly limitless amounts of military hardware to put down their people. Lots of heads on spikes in Saudi under that scenario.
Correct. And more to the point, I believe the Russians will play into low oil prices and perhaps try to drive the price down to the $10-$5 dollar level. The classic Russian strategy is to let you throw the first punch, help you along, and let you lose your balance mid-punch. This is not the first time the Russians have had to play this game, and they will play it to their advantage, and to the disadvantage of the Saudis.
double post deleted
I had argued on 26th of Dec 2014 that Saudi and US are no longer friends.
Now the first billionaire from Saudi who is at the top end of the global billionaire's club has spoken confirming my views as the first elite and one of the smarter ones (hopefully many more smart ones are to follow) that Saudi and US are not in bed together and 2) oil will go much lower and 3) all countries are hurting so US would not be doing this to itself as should not be Saudi but the fact that oil is going down signifiies something massively destabilising is about to occur in the field of finance/economy and 2) if not in finance, the new energy source could actually be real and 3) this indeed is a great oil price war between Saudi vs USA!
26 Dec 2014 comment : http://www.zerohedge.com/news/2014-12-26/saudi-arabia-ready-20-30-40-oil
7 Jan 2015 comment:http://www.zerohedge.com/news/2015-01-07/first-shale-casualty-wbh-energy...
3 media articles also have come to support my thesis. One from the WSJ.
Saudi betrays the United States with a double edged sword
http://www.examiner.com/article/saudi-betrays-the-united-states-with-a-d...?
Worldoil.com site has a nice video here: http://www.youtube.com/watch?v=ILx0BY2s5BY
Saudi Arabia’s Cure for Shale Could Entail Shock Therapy
http://www.wsj.com/articles/saudi-arabias-cure-for-shale-could-entail-sh...
If US and Saudi are no longer friends, I think this prince guy needs to be concerned about a sudden and massive increase in the number of beheadings in his country, and that his people might be carrying them out rather than him and his corrupt family.
Anything is possible but the security inside Saudi or while entering there is extremely tight.
If you do a google on 'saudi arrests' in last 1 year, you will find they have been arresting all people who create unrest. May be some CIA chaps in there as well?
saudi arrests
The Massively Destabalizing event has been the horizontal drilling and fracking technology development. and it is not just the development but the way that it can be fairly rapidly deployed. Well drilled and producing in a month.
The technology greatly expanded the economically developably reserve base.
The size of the oil and gas resource base became several multiples of earlier estimates. Converting to NG for a transport fuel is not very difficult at all.
This Saudi recognizes the reality which will prevail for at least several decades. Having commodity producers compete on price regularly keeps costs in check. He knows that the US shales are only a small part of the newly economic world wide oil and gas resource.
We won't need as much oil when "they" kill off 80% of the worlds population.
Middle Americans read the USAToday.
Reminds me of a Family Guy episode when Peter is traveling and ostensibly holds a USAToday under his arm and says so he can fit in with everyone in the airport. Pretty funny.
Saudi prince lies like a Ukie.
Washington DC regime is providing Saudi Arabia with a “laundered short hedge” on oil prices through Citi.
http://www.barnhardt.biz/2015/01/09/how-could-trillions-of-dollars-be-la...
That is one terrifying scenario. Entirely plausible. I would not put it past the sociopathic narcassists.
I drive 100 km/h. If I drive only 6% faster and not 10% faster, do I drive slower than 100 km/h?
INCREDIBLE how fucking dumb all people are!
One doesn't need to understand the difference between the first and second derivation of a function to recognize the idiocy.
He is lying like all debt ponzi propagandists.
Is supply growing faster or is demand growing faster. I don't believe the prince either, but he doesn't control the oil market. It could stay under $100 forever due to technology, or it could hit $100 again this year if there's a war between Iran and the West that envelops the Persian Gulf in flames.
Technology only speeds up the depletion of resources over time.
Technology is what made the resource a resource in the first place. Technology increased the resource base. Oil that could not be produced before is now able to be produced. Meaningful depletion occurs when new resources are not developed to replace those used. It now seems that there are at least several hundred years of oil and gas supply.
Sure, if the world's population drops to 5million.
False Flag Confirmation?
Police Commissioner Helric Fredou, Number Two Police Officer of the Regional Service of France’s Judicial Police (JP), Limoges, (Haute-Vienne), “committed suicide on the night of Wednesday to Thursday at the police station.”
Commissioner Helric Fredou was part of the police investigation into the Charlie Hebdo terror attack.
Did he discover something that he had no biz knowing? Like the truth!
saudis are not hurt. the us printers can move any money to the sauds, just a good way to give less to the average saudi and claim it is the market.The people around the world need oil for heat, and they are getting poorer by the day.
Gee, I thought he was going to say you'll never see $100 oil so all those fracking companies in America need to close up shop. And, oh yeah, exploration for new oil deposits is never, ever, ever going to be cost effective, so you might as well stop that too.
Yup, there's unlimited conventional oil so why would the price ever rise again?
LOL
Yup.
That's exactly what I heard him say too.
Market share is slang for 'more for us, less for you' whatever the demand may be.
Therein lies the power to shape world events.
Otherwise you're just another schmuck with an oilpatch with no leverage.
im half expecting QE4 simply and expressly targeted to reflate oil to $100 and beyond
The POMO desk was probably long oil from spring '09 to summer '14.
Yup, I heard him say "I'm talkin' my book".
Actually it will be priced in Yuan.
Ah! at what conversion price will 1 gram to the $$ be??
Something like +/- $1,500 per gram.
The problem is that you may not be able to get gold in exchange for fiat.
Well, at the same time when things get serious it's time to lie. Especially when there's a chance your head could be cut off like it so happens in the Middle East from time to time.
I say he's talking his book to increase downward pressure on price of oil and fasten bankruptcy of all lower yielding competition.
Book talking, yes.
Head chopping, not gonna happen.
-
In 2011 they where saying that oil should be at 200 dollar because otherwise it was theft of their natural resource.
What was the price of gold back then ?
If they can't exchange those petrollars for gold at a reasonable price then its theft.
Wonder what else they know.
Right.
A: Frankly speaking, to get all OPEC countries to approve and accept it, including Russia and Iran, and everybody else, is almost impossible
So, Prince Money Bags, remind the viewers why OPEC exists?
Because of this idiot's statement, oil will drop another 5% tomorrow and I just filled the tank.. F%CK ME!
A Liar - who shills for the Kingdom to throw people off the Kerry-King trail - so that the democrats dont get nailed form ND to Tx in the next election for the BK's and UE
bullshit!
Yes the Saudis are paragons of honesty. I trust them implicitly.
"Saudi Princes never lie. Especially about oil. Never, ever."
The oldest doctrine: a policy cannot be assured of being true before the official denial. This policy has now been officially denied.
You go rug head.
This is the most sensible thing ZH has published on the subject. How refreshing to hear someone say he doesn't know everything, and there is uncertainty in the world.
How very adult, professional..., and honest.
honest? and I had him for a liar.
I think that he must be honest and very, very stupid.
Since when did Saudi princes become prognosticators?
NEVER say never. Over on another forum there was this guy who posted that Gold would never see $1380 again...when it was at $1407. He meant it. I called $1180 in response. (I realized my target and he did not realize his.)
Anyway his credibility as a prognosticator guru was destroyed. Gold suffered collapse shortly afterwards. Afterwards he became a joke, a target for faraway laughter. Really it was sad as he had made good calls previously.
This Saudi Prince is a rich, undeserving fool, whom knows nothing of finance and business. Arrogant and Haughty.
In response I will call for $100 WTI within the next 24 Months.
But I'm sure we're never going to see $100 anymore. I said a year ago, the price of oil above $100 is artificial. It's not correct.
Do you remember the stocks he was buying back in the late 90's bubble? Holy cow! He blew hundreds of millions.
Is this the same guy that ows Citi?
Yep.
.
LOL ... "our poor secretariat of state"
Had to log in just to give a greenie for that :)
So they are in the same bed, EH?
OK, supply and demand is changing, but a 50% collapse??? Of the most important commodity on the industrial side of the planet, REALLY?
Is Iran the real target here? Plus the dying petrodollar, and or the death of all fiat currency?
Sounds like a turd lurks in the water bowl.
It's a temporary replacement for QE. There's about 90 million/day worldwide and 20 million/day US consumption. 90X $60 savings=$5.4 billion per day savings. Almost $2 trillion per year and US = $438 billion per year. This helps banks' customers make their payments and, maybe, borrow some more.
No, it'll bring on the need for more QE.
Fewer dollars going to the shieks mean fewer dollars being recycled into buying US government debt. Up go yields...
What he meant to say was that oil will never cost $100 US dolars. When it comes to Yuan, Ruble and Euro and many other currencies in which it will still be traded - that's a whole different story.
2010 in Davos... BP says the sky is falling, omg peak oil whatwegonnado, Saudi Aramco on the very same podium calmly states "wtf is this peak oil crap you're talking about, we have a third of our capacity idle and can turn it up at the drop of a hat, besides you clowns only account for 10% of production vs. OPEC's 55% share... you want another 4m bpd, sure, no problem just say the word"... at which point everyone started saying hell no, no way, Saudis are lying about their reserves and production capacity, see look peak oil cluck cluck...
now we see who was bullshitting and who was right... fucking Tony Hayward and BP, ICE participants, supply chain manipulating market fixing motherfuckers... US$100+ bbl oil was a bunch of completely made up crap, and now we see it to be so...
Nah. Saudi are lying. Their production has peaked already, they can push 10-11 million bpd and for only a short time. Next year it'll be 10, then 9-10.
What they can do is dump the price of oil for 6 months and kill their competition. You're gonna see $100 oil again.
we'll see $40 before we see $100, and that $100 will be a long time coming... don't hold your breath waiting for it, your face will turn blue
Just a little theory from me: but what if the oil price was primarily manipulated downwards in order to directly subsidize Ukraine? Not so much against Russia (although the impact on Russia is of course not an undesirable side effect from a NATO/USA/EU perspective) but what if these lower oil and gas prices were a way in order to protect Ukraine from any oil and gas threats from Russia? Remember how everybody was saying in the summer after the downing of MH17 and all the anti-Russian rethoric: "just wait till it's winter in Kiev?"
Well, it seems to me that Russia at the moment has almost no leverage with it's gas supplies to Ukraine and that Russia's oil weapon has been neutralized for the time being. Perhaps I'm wrong (most probably) but let's wait and see if prices behave opposite of the way they normally do and perhaps rise again as spring approaches?
bokken: good point..one wonders if putin will un leash the shite mad men and go after Saudi oil ports..some smart guy in Asia once said "it is never wise to box in an enemy with no escape route evident, always give him one even if it is a trap"..or some such.
Amen, this raghead knows what he is talking about.
i welcome the tax cut, thx prince
Its just a PR to increase the pressure on the credit market for shale and offshore that is in competition with the saudi’s.
They have a problem, and a big one at that. And the problem is that all those rigs are still under contract till 2016 and they’ll keep pumping.
He alsotalks about those vast reserves but those reserves are not from the country but of the king and the saudi’s get free food and oil and if they every change that there would be a revolt.
So you can save a lot of money but if you spend it even faster and when it’s your money, there will be a moment in time when a jet is fueled and all they left will be the rubbish.
Theyknow all to well their oil reserves aren’t infinite and whatever they sell for 40 dollars could be sold for 140 dollars.
So all this article says is that the saudi’s are already in panick mode and suddenly they’re realizing if they want to crash the competition that it will take years.
Next up is their king, that fucker is 92 years old. When he dies, there’s a powerstruggle between over 6000 direct royal family members who all want the honey! And when a power vacuum will form ghere will be a strugle.
"Big Black." Look it up...
https://www.youtube.com/watch?v=P4SDhrTPOiI
NO, WAIT! Here's the REAL story:
https://www.youtube.com/watch?v=kkRkGCm4atE
House Of Bush, House Of Saud.
East Texas, 1930.
"It was all the Federal Government could do to get oil to one dollar a barrel."
Keep trying S.D., your oil longs were a mistake. Not too late to ditch, better now than $20, where you'll probably end up dumpling after losing half your stack.
Bought 4 offshore riggers that where slammed down 80% and still have a market cap of 5 plus billion and a eps higher than their value.
And no option, just the stock. I’m now down over 10% since I bought them but I’m pretty sure they’ll recover. To bad they just all cancelled their dividends that where over 37% :) But even when they recover I think about holding them. Oil 65 and they’ll double, oil 100 and they’ll quadrupple.
I’ve got time :)
The old f**ker keeps hanging on like David Rockfeller, Warner Buffert-Charlie Munger, Kissenger, Brezenski and Soros.
If there is a Devil - please call these evil f**kers home soon.
No rumor is true, until it's officially denied.
"No $100 oil ever" - yeah, because the $ is a constant; like an ounce of gold = $20.67.
"No Russian conspiracy" - raally? Not even discussions - because there's some overwhelming shared economic goals.
If you own a home in Texas, I recommend you sell at the current inflated prices.
<< If you own a home [anywhere], I recommend you sell at the current inflated prices. >>
I own a home in Patagonia and three apartments here. i also have two more properties , you recomend i sell them and do what with the f dollars..? BUy a handfull of Dust ?> and inhale it>?
I have a wife , cardboard gold , marihuana plants, real gold,silver , cars, wines , weapons, dogs, quad , boat, stocks, structured products, us $, euros, Pesos, time share, tools , water hole.. not holding any bonds right now,, should i ?
I wake up everyday trying to figure out how to get out more of the system and get another apartment or more farmland so Sorry but i REALLY disagree.
DEAR ('samcontrol', or [insert plebe legal fiction here]):
It seems that you have not been reporting 'profits', as required by U.N. International Convention; as well as the CONUS IRS.
As you probably know, such actions are not overlooked or forgotten (ever).
IF you should choose to surrender now, you will be given paper 'bonds' which guarantee that you MIGHT survive. IF NOT, there might be issues regarding the harboring of terrorists in PATAGONIA. Since you have 'unclaimed farmland', the Monsanto Act of 2009 will be taken into FULL consideration (should we find and detain you; WHICH WE WILL).
Awaiting your response.
Truly yours,
Dyler Turden
Somewhere in Utah (or Haifa, or Brussels, or Bejing, or Alexandria, VA; the capital of the MIC)
lol the US, UN, IRS and Monsanto can all suck my balls.
The argentine versin of Irs ( DGI) , can also suck my balls.
I am French and the French government can also suck my balls.
I do pay around $1000 a year for ALL my properties.
Understand my thoughts on profit ? I like to get my balls licked.
Ps.
I really really hope you didn't think Patagonia was in the States.
"I want to live in Los Angeles
Not the one in Los Angeles
No, not the one in South California
They got one in South Patagonia"
-Frank Black
Same as canada, and how!
I heard Friday on the Propaganda spew they were saying Calgary home prices declined 7% in one month
Heard of a better one in Vancouver. Notices of property assesment are starting to trickle in (for tax purposes). New values are apparently 10%+ LESS than last year ones. Owners are in shock...
So will the Provincial Government who had budgeted on that future tax revenue....They will definitely be in shock as deficts begin to grow.
Such a shame...NOT.
Indeed. Although they could do like the local county gubbermints here in central VA do, and simply keep the property 'assessments' artificially high, in order to help secure that stream of revenue. It's a comical joke, and pretty much in our faces, but unfortunately there is a HUGE segment of the local population that AGREES with these shenanigans. Cuz you know......gotta think of schools, teachers, kids, and hero cops and stuff!
No shit. This is moronically magnificant.
Notice how this 'guy' talks? It's complete construct.
Fucking laughable if it didn't represent such danger in the form of the legions of useful idiot's who both lead and follow.
Round and round we go.
"we'll live with $50 temporarily, to see how much new supply there will be, because this will render many new projects economically unfeasible"
Woah, schadenfreude over damage to the US economy, yet there is no black chopper over his head or turquoise friggin revolution on his streets?
Something don't add up here.
As if you could ever believe what a corrupt Saudi prince says. The first casaulty in a war is truth.
The Saudis have never missed an opportunity to talk down oil prices. Collapsing the prices down to $10 a barrel in 1986 caused the collapse of the Soviet Union. The Saudis and their Neocon masters in Washington are hoping to repeat that event in a full spectrum war against Russia and Putin:
A multi-spectrum war is being waged against Moscow by Washington. If there are any doubts about this, they should be put to rest. Geopolitics, science and technology, speculation, financial markets, information streams, large business conglomerates, intelligentsia, mass communication, social media, the internet, popular culture, news networks, international institutions, sanctions, audiences, public opinion, nationalism, different governmental bodies and agencies, identity politics, proxy wars, diplomacy, countervailing international alliances, major business agreements, non-governmental organizations (NGOs), human rights, prestige, military personnel, capital, and psychological tactics are all involved in this multi-spectrum war. On a daily basis this struggle can be seen playing out on the airwaves, in the war theaters in Ukraine and the Middle East, through the statements and accusations of diplomats, and in the economic sphere.
http://www.globalresearch.ca/from-energy-war-to-currency-war-americas-at...
I quit believing people who wear white sheets a long time ago
Because they didn't make you Gand Wizard ?
Sometimes you have to settle for Exalted Cyclops and never make Managing Director
What would Omar Sharif think?
Sharif, he don't like it.
https://www.youtube.com/watch?v=Wem0ROvtBy8
http://www.arabianmoney.net/us-stocks/2011/04/05/200-300-oil-if-unrest-s...
Sometimes they tell the truth.
And now look at whahappened in Europe, IS is now it’s main target. IS a enemy of the Saudi’s.
Coincidence?
And at 40 dollar oil, their lavish projects will also be hurt and create massive unemployment in luxury segments over there. Unemployment leads to unrest.
"This is a very much developing story."
Well, if Prince bin Tala were to fall upon hard times, he could easily replace most any CNN newsreader.
"oil above $100 is artificial. It's not correct."
Translation: "too much competition enters the oil market when we get that greedy. Once we've starved out all the competition, we'll raise prices again, just not to $100."
$100 is artificial, however $99 is a good price
"So being in bed with Russia is like garbage and baloney."
"Yes, my point exactly."
Well.. I do admit Maria Bartriromo is better looking.
Just saying so many opportunities lost in all the Q&A.
Back to your regularly scheduled progamming!
"So you're not in bed with the Russians just full of baloney?"
Yes, dr snooz, that kind of propaganda.
The subtext is, after all, with sufficient demand, of course higher prices are possible. Next time prices rise there will slower growth in shale oil because investors will be wary and SA will get more area under the curve.
But Shiff told us oil was going to $200 a barrel thanks to QE. :(
https://www.youtube.com/watch?v=GTF_jKfMQ6A
Volatility is what I expect. As the gap between what consumers can afford and what producers must pay to stay in business widens, it should start bouncing back and forth until something breaks.
http://research.stlouisfed.org/fred2/graph/?g=WLX
When all the fresh money printing just goes to bail out a few over-reaching .1 percenters, there's not much room for inflation, other than in ferraris, 100 foot yachts and balloon dog art.
Years ago, before they were worth a small fortune, had someone offered me an example of Koons' balloon dog "art" for free, I would have turned it down with disgust.
Reminds me of a cartoon that sums it up well:
www.mtanga.com/balloon3.jpg
I must be running with the wrong crowd.
We give that shit to kids for free.
Word to the wise, balloon dog art is highly susceptible to deflation.
Keep listening. You will soon hear the fat-lady start her aria.
The banksters need to repay us.
Schiff is correct, but he, like others informed by the Austrian school, including myself, cannot predict timing, only effect. Keep listening for that aria.
Exactly. Gubmints still spending billions they do not have and run deeper and deeper deficits. At some point this plunges us into inflation. It's inevitable at this point with no sign of curbing the flood of money. Timing it is difficult but those who hold HA's [such as PMs] will do ok but everyone will suffer to some extent with super-inflation when it hits. Fiat will contiue to drop in purchasing power and hard assets will skyrocket.
Remember the lady in "When Money Dies" who I think sold her piano so she could feed her family? She had a pile of cash but the paper was almost worthless.
Filled up my old Dodge truck this morning, regular unleaded $1.82. Also filled up my old Mercedes Diesel at $2.35 a few days ago.
Bring on $20.00 a barrel!
We're getting an ass ripping on diesel fuel. Road Fuel here in Illinois is still $ 3.43/gallon and Off Road Farm Fuel $ 2.93. Fucking the Nation's Truckers and Farmers up the ass with no lubricant. Ouch. Motherfuckers. I'd like to bend that fucking Prince over and ram a cactus up his ass.
Sideways. The chollas we have out here can get rather large and they are nasty. I would recommend one of those. Just in case you don't want to go big, the prickley pear cactuses have a lot of very long and tough spines and they also have these tiny hair-fine spines that hurt like hell and are a bitch to get out.
Or you could just make him play gerbel games with a porcupine.
You might want to save some for some of your local politicians too. I'm betting that there is a large tax on that diesel. It's ~2.40/gal here, and gas is ~$1.65.
A handfull of ocotillo stems would be a nice alternative as well.
I'm pretty sure he's already getting fucked by a "Sabra".
look it up.
$1.85 along the New River Valley.
Time to fire up The General Lee;)
Hahahaha. Illinois. Like anyone cares right now.
"Yeah! Its all Saudi Arabia's fault!"
Illinois used to produce lots of oil.
AND IT STILL CAN!
IL is the shithole of the Midwest.
IL is a Communist Peoples Republik dominated by blacks and dual citizens of Chicongo. The white folks in the hinterlands are their useful idiots.
I could never live there. Firearm owner ID card? WTAF?
(to be fair, a number of coastal states and upper midwest states resemble Illinois with lots of clueless whites caught up in the hive mentality --TV, smartphones, social media, propaganda, political correctness, et al.)
IL is full communist.
Gassed up at 1.69 just north of Fort Worth a few days ago.
Wow, that sounded like bullshit on every possible level.
USA Today...
Translation: "When we throw in the towel, or Russia caves, we'll go to $200 oil, not $100 oil, to recoup 'lost' profits, and sure we're in on the scam against Russia, but you didn't here that here. "
The banksters need to repay us.
"I never lie, I only obfuscate the truth."
They do that with gold (repay), at a level that's never seen (unreported, darkest pool).
They need to repay us, the American people, what they have stolen and plundered form us.
We will only take physical: Gold, silver and/or heads.
The banksters need to repay us.