BEYOND ECONOMICS 101: High oil prices have nothing to do with supply and demand.‏‏‏

[riviera1992]

BEYOND ECONOMICS 101: High oil prices have nothing to do with supply and demand.‏‏‏

Lindsey Williams is a true patriot who speaks the truth about the evil International Banksters and how they've been manipulating global economies for years.

First documentary was done over a decade ago: 'Syndrome of Control' will blow your mind......
1/7 http://www.youtube.com/watch?v=A3loiy4I0ys&feature=related

2/7 http://www.youtube.com/watch?v=rrek7t_EKDo&feature=related

3/7 http://www.youtube.com/watch?v=Sveia2QQN8E&feature=related

4/7 http://www.youtube.com/watch?v=I5AynkXeNEA&feature=related

5/7 http://www.youtube.com/watch?v=mfTQwZrhln8&feature=related

6/7 http://www.youtube.com/watch?v=mO43TvGO8gQ&feature=related

7/7 http://www.youtube.com/watch?v=aEUuSDMKX5I&feature=related


One of the most enlightening documentary of all time:

THE ENERGY NON-CRISIS is still top 10 at Google videos and another must see.
http://video.google.com/videoplay?docid=3340274697167011147

Read the E-book here: http://www.reformation.org/energy-non-crisis.html

 

[fatjohn]

Just wondering, if oil is the way they chosed to have a grip on the people. Then why are they stimulating nations to develop a low-oil consuming society? And if it's true that prudhoe bay has so much oil, should we assume that it's coincidence that only the US is flooded with oil? He's saying Iran is also threathening to flood the market with cheap oil. Why isn't russia doing that? If there's so much oil in the world, why isn't there in russia. Heck they could flooded the world with cheap oil in the cold war thus flatten the US economy. Because middle east would in that case have to lower the price and wouldn't be able to buy off US debt. It seems strange to me that only US and Iran has tremendous amounts of oil that could bring back the price to 1,50 while the rest of the world combined at full capacity can't hold it under 4.

 

[liberteebell]

...

 

[sratiug]

Thanks for posting these...

 

[riviera1992]

Heh! fatjohn, don't try to make sense of insanity. Dysfunctional people are hard to understand.

Now, check out this jerk. It'll make you very "proud to be an Americaaaannnnn"

http://www.youtube.com/watch?v=yTbdnNgqfs8
http://www.youtube.com/watch?v=29GhXsx7-Rs&feature=related

Happy Independence day!

 

[shaunish]

if people will buy almost as much oil for $140 barrel as they would for $70 - then why not sell it for $140?... sounds like supply and demand to me (with the additional factor of a weak currency)

 

[Dr.3D]

OPEC chief sees oil at $150-170 in coming months

An interesting article on reuters.

http://www.reuters.com/article/reutersComService_3_MOLT/idUSPAB00415020080626?sp=true

Asked what the main factor behind the rise in prices had been, he replied: "I think it's the devaluation of the dollar."

 

[Deborah K]

I saw this about a year ago (Daneen Peterson sent it to me http://www.stopthenorthamericanunion.com/ ). After watching I told everyone I knew about him. I told them that gas was predicted to go up to $5.00 a gallon soon. They all laughed at my husband and me. A few months later I read Peter Schiff's book: Crash Proof. I told everyone that we were heading for an economic depression worse than the great depression. A lot of people began to avoid us. We became tin foil hat wearers to them.

Now they all think we're prophets!! LOL!

 

[Deborah K]

An interesting article on reuters.

http://www.reuters.com/article/reutersComService_3_MOLT/idUSPAB00415020080626?sp=true

And to think, oil was around $30.00 a barrel when we invaded Iraq.

 

[Paulitician]

Lindsey Williams is just spreading hearsay. I can't say I'm very convinced at all. But I'll have to give it to him if prices do plummet after hitting 150 dollars and stay low for a long time. A short-term correction won't do it. Paul van Eeden has shown that the price of oil has gone up over the decades and especially now because of monetary inflation/devaluation of the dollar, but he has also shown that the real value of oil has doubled over the past few years because of increased demand and supply not keeping up. Now, is it because supply is being purposely suppressed? That has yet to be seen. Bill Moyers did a great piece at the end of his program about the Iraq war being for oil. He mentioned the no-bid contracts, and how Rupert Murdoch said that soon after we invaded Iraq we can expect 20 dollars a barrel for oil. Moyers brushed this off as being obviously wrong, but maybe Murdoch meant after the war was all said and done we can expect those prices. However, we have to remember that oil takes about a decade to produce. I just don't see Williams' scenario panning out, but if it does, goddamnit, that tin foil hat wearing nut was right.

 

[jon_perez]

On a related note from http://www.bloomberg.com/apps/news?pid=20601109&sid=aiDcoOenO7Co&refer=home

"In the Middle East you might have 300 barrels of oil per cubic acre, but in the Los Angeles Basin you might have 4,000 barrels per cubic acre,'' says Mike Edwards, vice president of Denver-based Venoco Inc., which has 24 active wells in the Beverly Hills area"

 

[rapidtrends]

Oil prices have everything to do with monetary inflation.

http://www.rapidtrends.com/blog/200...aims-oils-rise-is-due-to-dollars-devaluation/

 

[rockandrollsouls]

Lindsey Williams is a true patriot who speaks the truth about the evil International Banksters and how they've been manipulating global economies for years.

First documentary was done over a decade ago: 'Syndrome of Control' will blow your mind......
1/7 http://www.youtube.com/watch?v=A3loiy4I0ys&feature=related

2/7 http://www.youtube.com/watch?v=rrek7t_EKDo&feature=related

3/7 http://www.youtube.com/watch?v=Sveia2QQN8E&feature=related

4/7 http://www.youtube.com/watch?v=I5AynkXeNEA&feature=related

5/7 http://www.youtube.com/watch?v=mfTQwZrhln8&feature=related

6/7 http://www.youtube.com/watch?v=mO43TvGO8gQ&feature=related

7/7 http://www.youtube.com/watch?v=aEUuSDMKX5I&feature=related


One of the most enlightening documentary of all time:

THE ENERGY NON-CRISIS is still top 10 at Google videos and another must see.
http://video.google.com/videoplay?docid=3340274697167011147

Read the E-book here: http://www.reformation.org/energy-non-crisis.html

It does have to do with supply and demand and the devaluation of our currency.

Maybe the host should consider economics 101...

 

[riviera1992]

I don't think Williams is spreading hearsay as someone said. He was there. Plus this Economic Hit man says something similar.

http://www.youtube.com/watch?v=yTbdnNgqfs8

Who knows what kind of backroom deals were made.

 

[Zippyjuan]

WIlliams says there is enough oil in Alaska to take care of our needs for 200 years. The US consumes 7 billion barrels a year so 200 years worth would be 1.4 trillion barrels. The current proven reserves of oil in the ENTIRE WORLD are 1.2 trillion. Just on that fact alone Williams is completely wrong. World production has gone down since 2006. World demand has gone up. Countries which used to be net exporters are becoming net importers- the UK joined that list in 2006 and in about six years Mexico and Venezuela are expected to join it. Iran and Russia may hit that in the next decade. That causes the price of oil to go up. The decline in the value of the dollar has also had an impact as has the greatly increased investment in commodities futures by investors. These are all economic reasons for increases in the price of oil.

 

[rockandrollsouls]

WIlliams says there is enough oil in Alaska to take care of our needs for 200 years. The US consumes 7 billion barrels a year so 200 years worth would be 1.4 trillion barrels. The current proven reserves of oil in the ENTIRE WORLD are 1.2 trillion. Just on that fact alone Williams is completely wrong. World production has gone down since 2006. World demand has gone up. Countries which used to be net exporters are becoming net importers- the UK joined that list in 2006 and in about six years Mexico and Venezuela are expected to join it. Iran and Russia may hit that in the next decade. That causes the price of oil to go up. The decline in the value of the dollar has also had an impact as has the greatly increased investment in commodities futures by investors. These are all economic reasons for increases in the price of oil.

The sad thing is rather than research or learn, people will believe whatever this quack or many others have to say. People, you gotta go and research for yourself! Zippyjuan is on it!

 

[riviera1992]

You can find any info you want on oil until you're blue in the face.
From the link that rapidtrends posted above you can read that OPEC doesn't really believe that the price of oil is up because of less oil. <"right now I put my oil on the market and I don’t find buyers,” Khelil, who is also Algeria’s energy minister said.">

I don't call that supply and demand, it's just plain old market manipulation and price fixings for the enrichement of the corporatocracy.
That's my story and I'm sticking with it!

Yes, I don't remember much from Economics 101 about 35 years ago not even the name of my teacher but one thing he said that stuck with me was: "kids, no matter what you learn here, the one thing you need to remember is OIL (since it's been discovered) has always rule the world and always will".

Thank you everyone for all your info.

 

[rockandrollsouls]

You can find any info you want on oil until you're blue in the face.
From the link that rapidtrends posted above you can read that OPEC doesn't really believe that the price of oil is up because of less oil. <"right now I put my oil on the market and I don’t find buyers,” Khelil, who is also Algeria’s energy minister said.">

I don't call that supply and demand, it's just plain old market manipulation and price fixings for the enrichement of the corporatocracy.
That's my story and I'm sticking with it!

Yes, I don't remember much from Economics 101 about 35 years ago not even the name of my teacher but one thing he said that stuck with me was: "kids, no matter what you learn here, the one thing you need to remember is OIL (since it's been discovered) has always rule the world and always will".

Thank you everyone for all your info.

Are you serious? With all due respect, Of course it's supply and demand in conjunction with a weak currency. I mean, I suppose the large increase in the use of oil has nothing to do, at all, with its rising price . More entities use it, and there's not exactly more of it, so it's going to go up and price. It's a small generalized example but supply and demand is definitely evident.

 

[foofighter20x]

if people will buy almost as much oil for $140 barrel as they would for $70 - then why not sell it for $140?... sounds like supply and demand to me (with the additional factor of a weak currency)

no, it's not supply and demand. it's called the price inelasticity of demand. take a econ 101 course.

 

[sidster]

Very interesting. All of it. Mr Williams is 100% correct when he said
invasion of Iraq had nothing to do with WMD, but everything to do with
Saddam accepting Euros for Iraqi oil.

And now you have the same situation with Iran and its Oil Bourse.
This piece explains thing a bit more if you are interested
in learning a bit more on why it is important for US to maintain
the Oil in US Dollars only policy. How the US dollar is used with
to tax the world, but only if it is the only currency accepted
to buy oil. Those countries that try to shift away from US dollar
in selling their oil are a direct thread to the US currency: The
Proposed Iranian Oil Bourse by Krassimir Petrov.