This page has been archived and commenting is disabled.
OPEC Puppets and Canada Give Away Their Oil
................Jeff Nielson for Sprott Money
The world is running out of oil. Peak Oil is a reality, all that is open to debate is how fast production will drop off, and how quickly the world will simply run out of oil. The lack of certainty is due to the fact that (as with everything else) we can’t trust the “official” numbers fed to us, with respect to either global production or global reserves.
Numbers supplied by Saudi Arabia’s corrupt monarchy have been regarded with deep suspicion, for many years, based on inconsistencies in the numbers themselves, and the high degree of secrecy within the Saudi oil industry. More recently; the massive conspiracy with respect to U.S. “shale oil” has now been exposed, with actual supply being as little as 4% of the fantastic “reserves” claimed by the Shale Charlatans.
What does it mean when we live in a world of diminishing (oil) supply, and seemingly inexhaustible (oil) demand? It means this is the classic “sellers’ market”. That is fact #1.
Fact #2 is the brazen admission by the U.S.’s puppet-president, Barack Obama, that the U.S. government (or rather its banker Masters) has been deliberately manipulating oil prices lower, as “part of its strategy” of economic terrorism against Russia. This is outrageous, on multiple levels.
1) The matter-of-fact manner in which Barack Obama acknowledged this market manipulation epitomizes the crime syndicate mentality of the U.S. regime, and the other puppet regimes of the West under the direct control of the One Bank. Absolutely no respect for the Rule of Law.
2) In a world of vanishing oil; it is recklessly irresponsible to manipulate oil prices lower, since under-pricing anything inevitably stimulates over-consumption. The fastest way to squander our remaining stockpiles of oil (obviously) is to put them “on sale”.
3) The fact that this fascist government now openly engages in unilateral acts of economic terrorism against other nations proves that internationally, the United States is now a pariah regime.
Equally outrageous is the lack of response to the reckless economic terrorism of the United States, specifically the lack of response by many of the world’s largest oil-producing nations. In particular; noteworthy for their absolute lack of response are the OPEC nations – and Canada.
What is the appropriate response of any oil-producing nation, upon learning that the U.S. is (deliberately) driving-down oil prices, effectively stealing the oil production of these oil-producing nations, and thus perpetrating its economic terrorism against them, as well? The response is as obvious as it is simple. Cut off supply.
Indeed, this was the entire raison d’être for the creation of OPEC: uniting Arab oil producers so that they gave themselves the option of “turning off the taps” if oil prices weren’t high enough. Clearly when a Rogue Regime publicly proclaims that it has manipulated oil prices 50% lower as a deliberate act of economic terrorism, then prices cannot be “high enough”.
Yet with the 21st century governments of most OPEC regimes now mere sock-puppets of the U.S.’s own puppet-regime, we have all the OPEC Puppets pretending they are powerless. Then there is Canada. Canada’s Prime Minister, Stephen Harper, has also been guilty of perpetrating economic terrorism, and it also involves the manipulation of oil prices.
The obvious difference is that Stephen Harper’s victims are his own people. It is Canadians who have been callously exploited with Harper’s treasonous “energy policy”. What is Harper’s policy on energy? Giving awayas much of it as possible, as fast as possible, to his own beloved Master, the U.S. government.
In a sellers’ market; Stephen Harper recklessly ramped-up production of Canada’s tar sands oil – the ‘dirtiest’ oil on the planet – and then immediately began giving away all this oil, to the U.S., at a 1/3rddiscount versus prevailing ‘spot’ prices (as much as $40/barrel below prevailing prices). The excuse given by the Harper regime for squandering Canada’s oil reserves is as inept as Harper himself.
The “reason” Canada’s oil is being sold for less than anywhere else on the planet is because (supposedly) there is a lack of refining facilities to process this particular type of crude. We know this is a lie. How? Because Stephen Harper (fortunately) doesn’t run Canada’s government all by himself. He has advisors.
What would have happened as Harper began recklessly ramping-up tar sands production? His advisors would have posed two questions to this Traitor. To whom are you going to sell all this oil? Where will it berefined?
When the Harper regime realized it had no answers (at all) to these questions, any honest government would have immediately adopted one or all of the following policies:
1) Lined-up all its customers for this precious commodity, in advance, with long-term contracts.
2) Ensured that it had constructed its own refining facilities, to eliminate the current, feeble excuse given by the Harper regime.
3) Scaled-back tar sands production until it had satisfactory answers to those two, ultra-obvious questions.
While the economic incompetence of Harper and his Conservative regime is legendary; not even the Conservatives could be so utterly clueless as to fail to ask themselves those two, obvious questions. And once realizing they had no answers to those questions; the appropriate policy responses are as obvious as the questions themselves.
Canada’s oil give-away (to the U.S.) is obvious treason, and it raises another obvious question. With the U.S.’s pariah government having knocked $50/barrel off of the price of oil, and with Canada previously selling its oil at the give-away price of roughly $60/barrel (i.e. before the U.S. economic terrorism); how much is the U.S. paying today for Canadian oil? Put another way; how much is Canada losing on every barrel of oil it gives-away to the U.S.? Is the U.S. paying anything, at all?
With tar sands oil costing between $60 – $100 per barrel to extract; Canada was already losing money on its tar sands oil before Barak Obama (and the bankers) launched their economic terrorism on the oil market. Apart from the obvious strategic reasons to cut-off Canadian oil production (until prices are once again at least quasi-legitimate); the Canadian economy cannot afford to lose this much money, giving away the world’s most-precious commodity. Harper’s treason has now descended into outright economic insanity.
Barack Obama’s brazen admission that the U.S. is perpetrating economic terrorism against (primarily) Russia, via attacking the global oil market, has revealed two things to the world. First it has shown that the U.S. has now publicly/officially adopted the philosophy of government-by-crime-syndicate (i.e. fascism).
Equally obvious; it has revealed the governments of the Puppet Producers for what they really are. These governments who are stewards of most of the world’s precious, remaining stockpiles of oil not only cannot be trusted to administer this responsibility in the best interests of humanity, these ultra-corrupt regimes cannot even be trusted to represent the interests of their own populations.
There are two (new) enormou crimes currently being committed within the global community. One of those crimes is the (latest) economic terrorism being perpetrated by the U.S. – meaning the latest economic terrorism perpetrated by its puppet-master, the One Bank.
The other, gigantic crime is the treasonous manner in which the Puppet Producers are (literally) “selling out” their own people. The economic terrorism of the U.S. is obviously the larger crime in terms of sheer magnitude. But the despicable manner in which the Puppet Producers are betraying their own people is arguably the worst of the two crimes.
.................Jeff Nielson for Sprott Money
»
- advertisements -
This article is complete BS. I'm taking all my money out of Sprotts gold fund and putting it in Axel Merks.
"The world is running out of oil. Peak Oil is a reality"
um, i'd say at any given price point we are running out of oil.
Double the price, a lot more new production comes in.
At $10/BBL, you look in oklahoma and saudi,
At $30/BBL you go stick platforms in the shallows off Houston.
at 80, you go to the Barents sea.
He's right about one thing: Stepen Harper is a treasonous, ignorant,mindless, puppet fucktard.
Are there problems with Conventional wells versus Water-Injection as far as being able to shut-off production? Wondering if the % of SA production driven by water injection has increased since the creation of OPEC and whether there are problems shutting down a well supported by water-injection. If you turn it off do you get less later when you turn it back on and is this a permanent situation?
Not to worry.
The bankrupt companies in Canada will stop producing oil. Then it will be left in the ground and saved. Unemployed oil workers should be told that when they lot their jobs it really was for the "good of the country."
Gold miners should be shut down by government decree on the same basis. Selling gold for only USD 1,300 should be declared a crime. All that it would take would be for the govt. to put in a special gold sales tax of $500 an ounce.
This is bullshittish
You would think if the world was running out of oil you would NEVER see a drop in price no matter what the problem. You would not see $$ BILLIONs in PROFITS per quarter by oil companies because of the cost to search and produce. I call BS. It's running out but not for hundreds of years and WAY before that it will no longer be used as the worlds power source.
When Does Yahoo Energy Moment Arrive:
http://winteractionables.com/?p=18146
Peak Oil my ass.
Go back to your NBC and FOX IV tubes.
What everyone refuses to connect is the amount of water being sent deep into earth to frack and dehydrate America's arid climate states into a drought worse than Oklahomas dust bowl in which they disconnected the carbon sink by planting wheat and removing switch grass.
This is the front line pandemic to crash humanity first.
California snow fall is horrific this year and water is scarce. But go on and concern yourselves with energy supply and who will get to power on.
Nature bats last and I'm tired of everyone's ecological deficit disorder!!!
You need to calm down, have cookie, and be thankful for coining "EDD".
I thought the---- front line to crash human beans first ---- was more or less moribund.
"Whether the weather, whatever the weather, whether you like it or not."
The world is "running out" of oil? Seriously? In reality, the world is merely running low on low-hanging fruit and the oil industry is doing its best to generate a stronger rationale for further manipulative legislative protection and market control.
There's every reason to believe otherwise, in that there are actually oceans of abiotically created oil deep within the Earth's crust that will continue to bubble to the surface for millenia to come.
Consider the minimum estimate of five billion TONS of oil and gas discovered recently by Russia beneath the Arctic alone.
Where is the missing fine print that goes along with this article, you know, the part that tells you to buy gold.
I put peak oil in there with global warming. It's the official narrative that drives the fear factor. The earth will most likely be devoid of life most likely before we run out of oil.
Parts of earth are already devoid of life. Detroit for one.
And you're ignoring the invasion of the snatchers who have taken over perfectly normal human beans, and substituted the reality TV, the Kardashians, real house whores all over the world, and politicians.
pure conjecture based on whimsy.
at least peak oil projectionists put numbers to their estimates. That paints an easy target because if they are wrong it allows the nay sayers to extrapolate if the amount or date, or estimate is off, then it's all wrong.
simply not true
Steam-hammer language doesn't guarantee impact, however true the message. To me, it seems Jeff should borrow from someone like Bill Bonner, for style and finesse.
Please, the oil is not "vanishing" you stupid fucks, it is simply getting harder to extract!!!
The world will stop using oil with plenty of it still in the ground.
pretty sure oil is vanishing every single day to the tune of 80-90+ million barrels per day.
Stop using oil -- unpossible. Zero oil use is not compatible with life.
life as we know it today. back to campfires and watch guard all night.
Hey.Canada may be losing $ on every barrel they sell but they're making it up on volume.
Poor Canada....
Housing bubble
Massive consumer debt
Crashing currency
Crashing energy
No Gold.
FUBAR
All true, but still one of best and safest places to live...the attraction Canada has to would be immigrants zeros out the negatives!
Safest? Living on the west coast, I can tell you that we are facing the brunt of Fukushima's emissions. The west coast will be a ghost coast in 3 to 5 years.
Fukushima, we must keep Fukushima in the limelight. +1
Plenty of gold. Its just sitting in the ground rather than the vault.
I don't understand. Yesterday we were awash with oil and trying to put it back in the ground.
Now discredited peak oil once again rears it's ugly head.
Whats a girl to do?
A girl should understand the difference between long term and short term trends.
AWhat make you thinknit isn't Russia waging economic warfare against terrorism and the US?
Capitalist Russia producing pinches Saudis as well as US shale
Russia "uncoupled" their economy with oil, they're now capitalist, all the oil is in the hands of Jew & Muslim oligarchs, oil drops and the Russia public gets fuel discount and maybe the oligarchs sell off some assets-at a discount involuntarily
Worse of two.
Not worst.
The phrase Exhorbitant Priviledge has been used to describe the reserve currency status of the dollar. But banks enjoy the same Exhorbitant Priviledge of credit creation (AKA money printing). The society allows banks to create money out of thin air, that in turn is become de facto Legal Tender. In turn, the banks are obligated to fund responsible projects, not ridiculous speculation. And yet the ability of people to distinguish the irresponsible from the responsible is notoriously spotty. This is the reason for free market capitalism: if you get it wrong your company and it s assets get recycled in bankruptcy. It is the same with banks as it is with manufacturers. Bad decisions have existential consequences.
The idea that there are people who don't make bad decisions, who are smart enough to manage an economy without recourse to creative destruction, is a destructive human impulse, more like a nightmare than a dream. This human dellusion has killed more peple and destroyed more civilizations than any simple conquerer. The USA was founded on the idea that no such humans exist; they are all self-appointed saviors, who end up being destroyers.
The idea that the world is going to run out of oil is wrong. We'll stop extracting it long before that happens.
The idea that the world is going to run out of oil is wrong. We'll stop extracting it long before that happens.
you are just arguing semantics.
It's like saying that a bullet to the heart doesn't kill you, it's the lack of oxygen to the brain. ur still dead.
I'm Anti-semantic!!
Right. The world will run out of economic-to-produce oil. There will still be billions upon billions of joules worth of oil in the ground long after that point is reached.
Just imagine how long the world's fossil fuels could last if they were used responsibly!
re will run out of users because we will kill ourselves first! peak self destruction of everything sustainable, except agreement on a future harmonious with the cycle of life. hopeless bitchezz!
Just imagine if humanity wasn't so utterly brainwashed into thnking the virtually limitless oceans of oil within the earth's mantle from which we draw "fossil fuels" one way or another ultimately (including Nat Gas, etc) came from dead lizards and rotten plankton, among thinking much such other nonsense for similar insidious reasons.
Parasites never worry about sustainability anyway...
I think there might be some Jimmy Hoffa in there.
OT: It's been so long since I purchased fletchings that I was in for some sticker shock. Over a buck for a turkey feather. To hell with that! I asked the feed store when they were getting turkeys in, and they said March 17. I'll just raise my own damn fletching, and maybe have some smoked turkey with them. My other option is to go poach one of the canada's geese behind the house, but the chances of getting caught are pretty high.
Wear a black mask and tell them ----if you're caught----- that you are the Lone Arranger, and Tonto needs the original stuff to make good arrows. They will write you off as nuts, at best, or protecting the rights of Native Americans.
win-win...
Peak Oil is a scam
peak stupidity is reality, ha...
peakoilbarrel.com
The Third Seal: Food Scarcity, Inflation, and Oil Scarcity5When He broke the third seal, I heard the third living creature saying, "Come." I looked, and behold, a black horse; and he who sat on it had a pair of scales in his hand. 6And I heard something like a voice in the center of the four living creatures saying, "A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine."
A denarius was a day's wage for a laborer. What would a loaf of bread cost today if the wheat that made it cost a day's wages? What could cause this type of inflation over the whole of the earth if not scarcity resulting from Peak Oil?
Worldwide conventional oil production peaked in 2005. Since then, we have been forced into the expensive alternatives.
Its not oil it is the current system used for extracting the oil! Look at Kyrgyzstan , Kazakhstan the north pole ! There is loads of oil the world is full of it.
Do you think that when the west looses the ability to control the oil market that people in Russia and Kazakhstan ect will not be using the oils that is right on there door step?
“Canada Give Away Their Oil” is part of their cost of production and has nothing to do with the amount of global oil, but more to do with the global oil supply and pricing.Peak oil has no view on reserves, just production. There is not a "sea" of conventional untapped oil anywhere anymore. Its all expensive (wrt energy consumption) and in the "wrong place", especially the North Pole.
Not even it's inventor, TBone Pickens still believes in peak oil. It is totally 90's.
It's not about Peak Oil. It's about EROEI.
Please supply supporting evidence and/or argument.
Until then you are just wasting keystrokes.