Category: OIL
Iran Threatens To Close Strait Of Hormuz,Oil Surges
(Reuters) – A member of the Iranian parliament’s National Security Committee said on Monday that the military was set to practice its ability to close the Gulf to shipping at the narrow Strait of Hormuz, the most important oil transit channel in the world, but there was no official confirmation. The legislator, Parviz Sarvari, told [...]
Top Economist Says The Water Market Will Soon Eclipse Oil
Citi economist Willem Buiter tells clients to invest in the water industry which will soon become hotter than oil (via FT Alphaville): I expect to see in the near future a massive expansion of investment in the water sector, including the production of fresh, clean water from other sources (desalination, purification), storage, shipping and transportation of water. I expect to see pipeline networks [...]
Breaking: Secret Bilderberg Agenda Leaked by Mole
(Kurt Nimmo) Alex Jones and Infowars.com have received inside information regarding the Bilderberg agenda now unfolding in the idyllic Swiss countryside. According to AFP journalist and legendary Bilderberg sleuth Jim Tucker’s inside sources, the agenda now under review includes a number of critical issues at the top of the elite’s to-do list. These breakdown as [...]
Near Future Technical Indicators For Gold, Silver & Oil
(Brian L Wilson) Now that we are at a crossroads in both commodity and equity markets heavy technical analysis, in addition to a standard fundamental outlook, may prove useful in identifying the next big swings – before they occur – for gold, silver), and crude oil… [and answer the prevailing question of those looking to establish, or re-establish, commodity [...]
Exxon Apologizes For Making $11 Billion
(AP) — Exxon made almost $11 billion and practically apologized for it. Sensing public outrage over gasoline prices that have topped $4 in some states, the company struck a defensive posture Thursday after posting some of its best quarterly financial results ever. Exxon said it had no control over high oil prices. It said it’s [...]
Ready For $7.78 A Gallon Gas?
(Silver Shield) The most important thing in the world for you to understand right now is that prices are NOT going up, it is the value of your money going down. The more debt/money created out of thin air by the privately owned Federal Reserve and the more money/debt spent by the Federal Government, the less [...]
Secret Memos Expose Link Between Oil Firms And Invasion Of Iraq
(Paul Bignell) Plans to exploit Iraq’s oil reserves were discussed by government ministers and the world’s largest oil companies the year before Britain took a leading role in invading Iraq, government documents show. Iraq’s burgeoning oil industry: Click HERE to upload graphic (160k) The papers, revealed here for the first time, raise new questions over [...]
Former Saudi Oil Minister: Crude May Hit $300 On Unrest Read more: Former Saudi Oil Minister: Crude May Hit $300 on Unrest
(Reuters) Oil prices could rocket to $200 or $300 a barrel if the world’s top crude exporter Saudi Arabia is hit by serious political unrest, former Saudi oil minister Sheikh Zaki Yamani told Reuters on Tuesday. Yamani said he saw no immediate sign of further trouble following protests last month calling for political reforms but [...]
Oil Soars To 30 Month High
(AP) The price of oil rose to a 30-month high on Thursday as fighters loyal to Moammar Gadhafi pushed back rebels from key areas in eastern Libya. Benchmark West Texas Intermediate crude rose $2.45, more than 2 percent, to settle at $106.72 a barrel on the New York Mercantile Exchange. At one point it hit [...]
10 Economic Disasters Which Threaten To Rip World Financial Markets To Shreds
(ECONOMIC COLLAPSE) 2011 has already been the most memorable year in ages and we haven’t even reached April yet. Revolutions have swept the Middle East, an unprecedented earthquake and tsunami have hit Japan, civil war has erupted in Libya, the price of oil has been soaring and the entire globe is teetering on the brink [...]
