On Thu, 22 Nov 2007 02:31:41 +0000, Larry wrote:
Bruce in Bangkok wrote in
:
The high
oil costs are a direct effect of greater world usage.
I disagree. The price of oil is caused by these incessant wars the bankers
create to lend vast sums of their banknotes to governments, at interest, to
reap huge profits.
Case in point, look at this chart compensated for the bankers devaluing
their banknotes:
http://zfacts.com/p/35.html
Each huge increase in the price of fuel is caused by WAR, not consumption.
It is CONTRIVED, and was fed the ultimate gift by the false flag operation
of 9/11/01 by the criminals in power...in banking and in government.
Larry
You are correct that the price of oil generally goes up during a war
however at the moment the demand for oil is going up at a pretty high
rate. Higher demand, higher price.
But "contrived" is too strong a statement, influenced perhaps. I was
around the oil business too long. Oil is sold in many ways but a large
percent is not controlled by the international oil companies.
For example: for years the Internationals operating oil fields in
Indonesia had to allocate a certain percent of their production to
Indonesia for domestic use. At the same time the Indonesian National
Oil Company was producing oil for use in Indonesia. The result was a
substantial amount of surplus oil that was sold onto the international
market by local brokers.
In some cases oil was even sold at prices lower then benchmark,prices
even though it was in fact benchmark oil. Why? Because the national
oil company needed money.
My point is that the oil business is not controlled by a monolithic
block, there are a multitude of little guys that are , in many cases
selling below market because they need the money.
If Indonesia were to announce tomorrow that they had made a discovery
of the largest oil deposits in history the price wold fall
dramatically because oil brokers would figure that there would be an
oil glut in a little while.
Bruce-in-Bangkok
(Note:remove underscores
from address for reply)