Are You Prepared For $250 A Barrel Of Oil?

[anthonyml]

Originally Posted by wakeup2nwo

Half way through the recession? The greatest depression hasnt even begun. What we are seeing now is nothing compared to when it all collapse and they take us to war, World War.

no i said half way through the reaction, as in people panic buying petrol which is causing petrol stations to run out.

people are so close minded on this forum, ive heard comments like " whats the difference if will fill up now or later ? petrol companies won't be making anymore money"

What about when all this panic buying leads to a petrol a shortage and prices go through the roof ? thats right the government/oil companies (same thing) will release so called "emergency reserves" (solution) to help us but in reality just mean the get to sell the oil that they have had sat off shore for the highest possible price.

[wakeup2nwo]

Originally Posted by anthonyml

no i said half way through the reaction, as in people panic buying petrol which is causing petrol stations to run out.

people are so close minded on this forum, ive heard comments like " whats the difference if will fill up now or later ? petrol companies won't be making anymore money"

What about when all this panic buying leads to a petrol a shortage and prices go through the roof ? thats right the government/oil companies (same thing) will release so called "emergency reserves" (solution) to help us but in reality just mean the get to sell the oil that they have had sat off shore for the highest possible price.

Sorry read it too fast

Yea your right. But this might be a trial run? The real fuel shortage will come when the war with Iran starts and it will last a long time because any oil we do get will go to the military to fight the war and the police forces to keep the people in check.

The UK threatened to open its reserves a few months back but never did it.

I would think they would want to keep any reserves for the military?

[wakeup2nwo]

UK government's provoked panic-buying to rise fuel by 10p


Mon Apr 2, 2012 6:19PM GMT



The price of fuel in Britain is expected to rise by 10 pence this week as petrol pumps continue to run dry following a week of fuel panic-buying triggered by the government.


Some garages are reportedly taking the advantage of the crisis, as they increased the prices to make most of high demand and low supplies. Some garages will not expect any top-ups until Friday, when people will leave the cities to make use of the Easter weekend.

The head of Retail Motor Industry Petrol, Brian Madderson, stressed that petrol crisis would be intensified as he believed garages would increase the prices to 10 pence a liter in some regions, with climbs of four to six pence turning out around the UK.

“Motorists are paying a significant premium because the wholesalers know they are on to a good thing. It’s the law of supply and demand,” he said.

The RAC Route Planner, a motoring organization, warned that several people have decided to stay at home as they might not be able to find enough petrol for their Easter vacations.

The AA Route Planer also said that 54 per cent of the people anticipated to take a road trip during the long Easter holidays, but that three-quarters of the drivers would not make a long distance journey following rising concerns over fuel costs.

A possible strike is also expected, after thousands of tanker drivers said they would go on strike and blockade refineries and gridlock motorways if the Unite union called for a tanker strike.

However, despite a week of triggering panic by ministers, Foreign Secretary William Hague insisted that ministers, including Francis Maude who called on people to fill up their jerry cans and keep them at homes, had done “absolutely the right thing.”

Coalition government has come under fire after ministers warned people to store fuel at home to tackle the possible impacts of the threatened tanker strike. The warning led to a disaster after a woman from York suffered serious burns to her body when she was transferring petrol between canisters in her kitchen.

The Labour opposition party claimed that the government had played “political games” in handling of the strike, and deliberately provoked petrol panic to distract attentions from anti-Tory headlines over the cash-for-access scandal.

http://www.presstv.ir/detail/234276.html

[wakeup2nwo]

Pump pain around the world
Fuel has been making headlines around the world for reasons ranging from the threat of strike to the end of government subsidies.



Britain
Panic buying was in full force in parts of England late last month as the union representing British fuel tanker drivers threatened to pull its vehicles from the road over a dispute about job security and working conditions.
Government ministers told consumers it was sensible to stock up at the pump and store gasoline in jerry cans at home, which sent sales soaring. Lines were so long at some gas stations that police ordered them to close to ease congestion.
The union later ruled out the threat of imminent strikes, but said it retains the right to call one.


Indonesia
Police in Indonesia last week fired tear gas and water cannons in clashes with demonstrators protesting a proposed fuel price hike. An estimated 81,000 protesters across the country gathered to oppose the controversial plan, which involved scrapping the country’s heavy fuel subsidies and would have raised prices by one-third. Around 8,000 soldiers and 14,000 police were sent to calm them.
The protesters ultimately had their way. The proposal — aimed at avoiding a budget deficit — was rejected.


Pakistan
A gas price hike — in some cases, up to 8.2 per cent — earlier this week sent protesters to the streets in Pakistan. Activists gathered in Islamabad and Karachi on Monday to demonstrate their disapproval one day after the government raised prices. The move went against the advice of the oil and gas regulatory authority.



Taiwan
It was the end of a long-standing government fuel subsidy, effective Monday, that sent the price of gas up 10 per cent in Taiwan, causing a public uproar. The country’s decision is intended to ease the burden on state-run oil firm CPC Corp. The price hike came two months after President Ma Ying-jeou was re-elected to his second term.


http://www.thestar.com/news/world/ar...-a-fuel-crisis

Its hard to find any msm article that talks about the effect of dollar devaluation and the price of oil. It seems to be a secret the msm are keeping for the elite.

[andyh]

Its interesting to note that the govt has been behind the fuel price hikes in the other countries there.

Just as its been behind most of the price increases for a hell of a long time in the UK.

I'm trying to picture americans filling their cadillac at UK prices,

[chesire]

Originally Posted by andyh

Its interesting to note that the govt has been behind the fuel price hikes in the other countries there.

Just as its been behind most of the price increases for a hell of a long time in the UK.

I'm trying to picture americans filling their cadillac at UK prices,

I am tryin to picture UK people filling their cars at american prices , hint if we pay 10 you will be paying 20 + a gallon.

[andyh]

Originally Posted by chesire

I am tryin to picture UK people filling their cars at american prices , hint if we pay 10 you will be paying 20 + a gallon.

yeah, its why we're all driving around in 2CV's lol.

[wakeup2nwo]

Oil price will hit $160 if Iran crude embargo sets in: Minister


File photo shows an Iranian oil tanker.
Fri Jun 15, 2012 11:8AM GMT

4

In case the oil embargo on Iran takes effect, the price of oil in global markets would sharply climb and may even reach $160 per barrel.”
Iran’s Minister of Economic Affairs and the Treasury Shamseddin Hosseini


Iran’s Minister of Economic Affairs and the Treasury Shamseddin Hosseini predicts oil prices may surge to $160 per barrel in case the US-led oil embargo against the country takes effect on July 1 as planned.


“In case the oil embargo on Iran takes effect, the price of oil in global markets would sharply climb and may even reach $160 per barrel,” said Hosseini on Friday.

He added that if the European Union goes ahead with its sanctions against Iran's crude sales on July 1st, the move “would definitely not spell difficulties for Iran only,” but will subsequently lead to a huge hike in oil prices in world markets.

The Iranian minister also noted that in the past 33 years Iran has endured various sanctions and is currently capable of continuing the same trend.

He reiterated that following the implementation of sanctions against Iranian oil, other economies will be adversely affected.

Meanwhile, Iran’s Oil Minister Rostam Qasemi warned the European Union on Thursday that its own citizens would bear the brunt of the bloc’s oil sanctions against the Islamic Republic.

“In the past and before the oil sanctions against Iran, we warned the countries imposing them that they themselves will be harmed by the embargoes, and, unfortunately, now the European people are living under pressure,” he told reporters in Vienna, where the 161st summit of the Organization of the Petroleum Exporting Countries (OPEC) was underway.

New financial sanctions and oil embargoes, imposed by the US and the EU against Iran since the beginning of 2012, have been adopted under the pretext that the country’s nuclear energy program may include a military component.

Tehran dismisses such allegations, insisting that as a signatory to the nuclear Non-Proliferation Treaty (NPT) and a member of the International Atomic Energy Agency (IAEA), it has the right to develop and acquire nuclear technology for peaceful purposes.

Iran also argues that frequent inspections by the IAEA have never found any diversion in the country’s nuclear energy program towards other objectives.

http://www.presstv.ir/detail/2012/06...tion-kicks-in/

[bobster]

i noticed this morning that asda has gone down to £1.27

[wakeup2nwo]

Originally Posted by bobster

i noticed this morning that asda has gone down to £1.27

Yes but it should have come down much more than that. The price per barrel has fallen by $28 per barrel over the last 6 weeks or so due to a strong dollar because people think its a safe haven from the euro.

It should be well under a £1 at the pumps.

But guess who owns the oil empire? The Rockefeller family. Banks have been leaving ships loads floatinf at sea, ready for when the price goes up.

There are many reasons why oil will go through the roof.

The Uk are also putting a 3p rise per litre on fuel in August.

[bobster]

id rather pay that than the £1.32 it was the other week

[wakeup2nwo]

Originally Posted by bobster

id rather pay that than the £1.32 it was the other week

When the dollar weakens then you'll see the price rise dramatically aswell.

[the white knight]

$250 for a barrel of oil will never happen the world would collapse who will buy it then?? Petrol sales here in the UK are about 20% down since 2008 when all this shit started. They still have not recovered all my mates who have motors only use them when they have to when it hit a peak of $147 barrel it put the breaks on the world then so good knows what $250 a barrel would do. but what the fuck do i know.

[the white knight]

Here is my predition for whats its worth if the Euro completely collapses in the next couple of months oil will be down to $60 a barrel by the end of the year.

[wakeup2nwo]

Originally Posted by the white knight

$250 for a barrel of oil will never happen the world would collapse who will buy it then?? Petrol sales here in the UK are about 20% down since 2008 when all this shit started. They still have not recovered all my mates who have motors only use them when they have to when it hit a peak of $147 barrel it put the breaks on the world then so good knows what $250 a barrel would do. but what the fuck do i know.

The Rockefeller and Rothschild would say.

"Dont worry, The war machine will drive the price of oil up through inflation by printing loads of money to fund both sides of the conflict. those jets aint going to fly on their own ya know" and those tanks dont move very fast without fuel."

It happened before during ww2 and the great depression.

[wakeup2nwo]

Originally Posted by the white knight

Here is my predition for whats its worth if the Euro completely collapses in the next couple of months oil will be down to $60 a barrel by the end of the year.

I agree that when the euro does collapses that oil will go down for a very short while. The USD will soon follow the euro and thats when we are going to see massive inflation of commodities world wide.

ATM people are jumping out of one sinking ship into an even bigger sinking ship that has a even bigger hole in it.

[ritchs]

A very wise poster, the 'apprentice' pointed out to me that a gallon of diesel in a tractor, does the intense work of 12 men for 12 hrs, using picks and shovels.

Presently here in Hawaii gasoline is near the 5 dollar/gallon point. For folks to commute to work in town, it may cost $60 a week.

Think about the implications on a gut level. Fuels costs doubling would cripple most economies overnight. Of course people will car pool and such as a work around, but farmers will have much high fuels costs to produce food. Same for you electric bill from the diesel powered electric companies that supply your electric needs. Also shipping cost via tankers and cargo container ships would also double. Trade would come to a standstill. Imagine the price of a loaf of bread.

The ripple effect through the whole of any economy would be devastating
It would be shock and awe. Meanwhile Obummer is after coal plants (which Britain and USA and Germany and Poland have enough for hundreds of years) with EPA regulations to tax and fine them completely out of existenance. He has openly avowed to drive them into the ground under the sanctimonious facade of environmental concerns
Silesia in Poland and Czech Republic has more working coal miners than the rest of the European Union combined. China and Russia have the largest reserves , uk and usa are up there too.

They need to return to coal with power plants equiped with wet scrubbers to clean the exhaust , Of course this is against the wished of tptb

http://educate-yourself.org/cn/johnc...luminati.shtml
Read item # 8 regarding nuclear energy, a big enemy to the power structure. To my knowledge there has never been a catastrophe on a nuclear submarine or aircraft carrier, showing it can be done safely with highly disciplined and trained staff

Energy and food are key control mechanisms

"Control the oil and you control entire nations; control the food and you control the people." ~ Henry Kissinger

[the white knight]

Originally Posted by wakeup2nwo

I agree that when the euro does collapses that oil will go down for a very short while. The USD will soon follow the euro and thats when we are going to see massive inflation of commodities world wide.

ATM people are jumping out of one sinking ship into an even bigger sinking ship that has a even bigger hole in it.

Wouldn't commodities also fall in price as their price goes up no one will be able to afford to buy them also if the economy collapses there will be no market for them so their price should fall.

[wakeup2nwo]

Originally Posted by the white knight

Wouldn't commodities also fall in price as their price goes up no one will be able to afford to buy them also if the economy collapses there will be no market for them so their price should fall.

Precious metals and food will rise due to inflation of the USD.

All commodities are brought and sold in the USD, they call it the world reserve currency or the petrodollar

The less the USD is worth the more commodities go up. The more money they print the more the dollar will devalue.

Economics 101

[ritchs]

Originally Posted by wakeup2nwo

Precious metals and food will rise due to inflation of the USD.

All commodities are brought and sold in the USD, they call it the world reserve currency or the petrodollar

The less the USD is worth the more commodities go up. The more money they print the more the dollar will devalue.

Economics 101

No wonder they flipped out when Saddam was considering a different petrol based currency

Excerpt (this is a 2005 article but still relevant)
http://www.energybulletin.net/node/7707

Similar to the Iraq war, military operations against Iran relate to the macroeconomics of ‘petrodollar recycling’ and the unpublicized but real challenge to U.S. dollar supremacy from the euro as an alternative oil transaction currency.
It is now obvious the invasion of Iraq had less to do with any threat from Saddam’s long-gone WMD program and certainly less to do to do with fighting International terrorism than it has to do with gaining strategic control over Iraq’s hydrocarbon reserves and in doing so maintain the U.S. dollar as the monopoly currency for the critical international oil market. Throughout 2004 information provided by former administration insiders revealed the Bush/Cheney administration entered into office with the intention of toppling Saddam Hussein.[1][2]
Candidly stated, ‘Operation Iraqi Freedom’ was a war designed to install a pro-U.S. government in Iraq, establish multiple U.S military bases before the onset of global Peak Oil, and to reconvert Iraq back to petrodollars while hoping to thwart further OPEC momentum towards the euro as an alternative oil transaction currency (i.e. “petroeuro”).[3] However, subsequent geopolitical events have exposed neoconservative strategy as fundamentally flawed, with Iran moving towards a petroeuro system for international oil trades, while Russia evaluates this option with the European Union.

....In essence, Iran is about to commit a far greater “offense” than Saddam Hussein's conversion to the euro for Iraq’s oil exports in the fall of 2000. Beginning in March 2006, the Tehran government has plans to begin competing with New York's NYMEX and London's IPE with respect to international oil trades – using a euro-based international oil-trading mechanism.[7]