Oil prices are rising and human lives value is diving.
When a Filistini child throws a stone upon his tormentors, Israeli war machine and assasination squads dogs are devastating the entire Filistin , oil markets respond to that by a price hike. See how the chain reaction works ?
When Lebanese resistance grows so fed-up with Israeli lies and fooling around , Israel resides as usual to its Western made and supplied death machine, the World again pays as prices rise.
So, If Economist really works on a global reliable pricing system for oil supplies, he should guide us on how to terminate the Jew's menace to stability and peace. That's so obvious. Zionist Israel is at loose and all people of the world are paying for that curse, the wrath the fell upon the Middle-East and caused all that pain, chaos, and destruction.
Israel gets all its oil from Egypt by an agreement signed together with the so-called peace treaty between it and Egypt. Israeli imposed terms state clearly that Egypt is obliged to meet the demands of Israeli oil consumption on favourable prices set according to hideous formula.
Egypt , like all the countries of Mid-Eastern region are peace loving country, it was hit hard by the fabrication of Israel on Filistin. Egypt was fooled by the thought that a peace treaty will end hostilities and insures peace. But that was a trick by the vile Jews to isolate Egypt and to curb its roll .
Egypt now is supplying the Israeli death war machine with fuel , cheap fuel, the same machine that spreads death and chaos over Filistin and Lebanon. Unbelievable bu true.
Sounds good to me. Please let me emphasise that I have much sympathy for the Palestinian cause; however, I'm getting bored with every damn topic being taken over by this subject. What next, how Israeli foreign policy has reinforced Japanese belligerence on whaling? C'mon let's use the forum appropriately - that is, post in topics according to their subject. If you wished to draw conclusions on foreign policy and oil prices, I'd have thought a few words on the situation in Iraq would have been more resonant.
Salute , You're right. For a man living comfortably in his own country among his own people and in peace and security without a vicious savage enemy at his door front ready at any time to break-in to spread death and terror and destruction. For such a man , life is more joyful and pleasant than wasting it on war crisis and rogue politics.
My overwhelming concern is how to eliminate the Jews danger on Filistin and its people.
I like exchanging views on all matters, chatting and have a nice time. I love living free too much. I value friendship more than anything else. I like to think of new ideas and commenting on life's events. Oversee me.
Very interesting information. The peace treaty between Israel and Egypt seems to have been a kind of "conditional" treaty, Israel wasn't interested in peace as much as the gains it can milk-out of any country which seeks peace. Peace with the terrorists state of the so-called Israel must be at a price, while war and aggression by the same culprit is "Gratuit".
But Egypt can stop its oil supplies to Israel in the current conditions. The terrorist state of Israel is waging a carnage offensive upon the people and land of Filistin and Lebanon, its death machine is running by Egyptian oil. According to international law, any country can stop providing an aggressor of any vital material if it was used in crimes against humanity or in breach to the UN charter.
Egypt must ban oil supplies to Israel NOW or it is an accomplice. It can't hide forever behind good relations and the delusion of an unbalanced peace treaty. That's "Dastardy"
Yes, I can see that Israel is using Egyptian fuel for crimes against humanity. In that case Egypt is an accomplice if it keeps the oil tap open on Israel's direction.
Words of condemnation alone can't deter a culprit aggressor, actions of any kind may help immensely. A boycot , a freeze of diplomatic relations, a freeze on trade and travel. All can help more than million words.
Egypt the official is a long way short of facing its national and human rights obligations.
I hope this would find listening and action.
Venezuela courageously has called its ambassador from Israel as a protest on the massacres the so-called Israel is waging ruthlessly and immoraly upon the people of Filistin and Lebanon. That's how honest leaders would react to such hideousness.
Let us all rebuke the coward Israeli offensive.
Let us all condemn the evil alliance between the so-called Israel and the Bush administration.
Let us call for international boycott and sanctions against the so-called Israel and whoever supports its vile aggression and crimes against humans and land.
Condalisa Rice makes shuttle tours with full loads of "Smart Bombs" and "Stupid Ideas".
Appearing for the first three hours, business and energy journalist Jim Norman argued that the United States manipulates the price of oil as a kind of economic weapon against countries such as Russia and China. In the futures exchange, an unlimited amount of money was used to overwhelm sellers of crude oil, as a way of running up the price, he explained. China is hurt by high oil prices much more than the United States, and has experienced reduced exports, the closing of factories, and massive unreported unemployment, he noted.
The opposite technique, the lowering of oil prices, is currently wrecking the Russian economy, Norman suggested. Russia has little besides its natural resources, and the softening of the crude market could eventually force regime change there, he said.
The real reason we went to war with Iraq was because of China, Norman asserted. As sanctions were lifting in 2003, Saddam was going to cut a deal with China so they could acquire ownership of underground oil fields, and the US sought to prevent this, he said. While the US is propping up India as a foil to China, Russia is now moving in a direction of realigning with China, against the US and the West, he added.
The Oil Card
Global Economic Warfare in the 21st Century
By James R. Norman
Challenging the conventional wisdom behind oil pricing, this compact book sheds an entirely new light on the workings of "free" commodity markets and oil industry supply and demand "fundamentals." Its purpose is to look at the use of oil as an economic weapon.
The book assembles a now well-documented chronology of how the US and its allies, including Saudi Arabia, pushed down oil prices dramatically in the 1980s, and kept them low for a decade. It was a concerted and stunningly successful effort to break the former Soviet Union by depriving it of desperately needed hard-currency income.
It then raises the question whether those same price-control levers have lately been pushed in the opposite direction to rein in another target: the oil-short Peoples Republic of China. Contrary to popular perceptions, media commentary and official explanations, the book methodically lays out the geopolitical logic and the market mechanisms behind the stunning 12-fold run-up of oil prices from 1998 to mid-2008. It also offers an explanation for the sudden price drop from almost $150/barrel to under $100 as Russia again flexed its muscle by invading Georgia.
This timely and unorthodox analysis offers a clear and compelling explanation for the huge and otherwise unjustified gyrations in oil and other commodity prices in recent years. It also contains unique viewpoints on the reasons behind the US invasion of Iraq in 2003 and the fall of Russian oil major Yukos. The book will appeal to a broad audience—from students and practitioners of geopolitics to hard-pressed consumers and energy producers wondering how long windfall prices can defy gravity.
Jim Norman is a veteran business journalist and energy reporter. He is currently a contributing writer for McGraw-Hill's Platts Oilgram News, where he was a senior writer for 10 years before retiring in mid-2007. He has also been a senior editor at Forbes magazine and for 10 years was at BusinessWeek, where he was Houston bureau chief in the mid-1980s. Prior to that, he won an AP award for investigative reporting (on an oil and gas scam) while a reporter for the Ann Arbor News in his home state of Michigan. He lives in New York City.
At Platts, Norman has been noted for his coverage of oil industry finance, economics, deal-making and chicanery. His "prophetic press reports," as early as 1998, were cited by Paul Volcker's UN Independent Inquiry Committee for laying bare the likelihood of kickbacks and money laundering involving the Iraq Oil-For-Food program. His critical analysis of Enron accounting and governance in mid-2001 helped trigger the SEC investigation which led to Enron's downfall.
“Jim Norman has brilliantly detailed a powerful and frightening explanation for why oil prices keep rising to new highs. His outstanding analysis of politics and markets may have unveiled the missing link between supply and demand fundamentals and the relentless surge in oil prices. This book is a must read for consumers and investors alike. After reading The Oil Card, you will never feel the same about ‘free’ markets again. Once you start reading, you won’t be able to put it down.”
–– Frederick Leuffer Managing Director, Oil & Gas Research, Oppenheimer & Co.
“I thoroughly enjoyed reading 'The Oil Card' by veteran oil industry reporter Jim Norman. He brilliantly used his extensive knowledge of the industry and many years of reporting experience to establish a strong link between oil price cycles and past geopolitical events. He has done an excellent job in providing the reader with well documented and referenced findings supported by historical facts. His unique conclusions may be controversial, but they are certainly compelling. The Oil Card proves that oil and politics are closely linked.”
–– Fadel Gheit Managing Director, Oil & Gas Research, Oppenheimer & Co.
“I could not put The Oil Card down. I tore through it and intend to read it again.”
–– Catherine Austin Fitts Founder, Solari Investment Advisory Services
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