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Dollar Crash? Oil, Middle East Unrest, and Dragon's Radar......

Saturday, February 26, 2011 2:56

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Let’s ponder the oil and dollar situation right now. We’ll take it from a different perspective. Seers and commentators and manufactured celebrities all have had their [predictable] say on the subject. As in, how many dollar crash predictions have you read this month? Yeah, well, I lost count, just like you. A little background info here and then we’ll turn on the radar.

The attention given to Middle East oil and its availability as an absolute necessity for the West in general and the US in particular has so fixed it in our minds that no thought is given about it. “We gotta have it” is just an accepted fact.

On the campaign trail, you’ll hear them rant against “foreign oil”, and everyone thinks of Saudi Arabia, et al.

So how much oil DO we get from the Middle East? I went on line looking for the answer. I found some interesting statistics. These may not be the most recent, but they’ll do for our purpose here.

Oil accounts for 40% of the world’s commercial energy. Natural gas, hydroelectric, solar, nuclear, wood chips and animal dung account for most of the rest.

Total world oil production: 61 million barrels a day (mbd).

Amount supplied by Iraq and Kuwait: 5 mbd — eight percent of world oil production, just over three percent of the world’s commercial energy.

Amount supplied by Saudi Arabia and the Gulf Emirates: 7.7 mbd — 13 percent of world oil production, five percent of total energy.

Amount of oil consumed in the United States: 17 mbd.

O.K. We here use 17 mbd, or 27% of the world’s oil. That’s a lot of oil. Now, let’s see where does it come from?

Amount of U.S. oil consumption that comes from U.S. production: 7.3 mbd, or 42 percent. We produce 42% of what we consume right here in the states.

We produce fifty percent more oil than Iraq and Kuwait, almost as much oil as Saudi Arabia and the Emirates. Nevertheless, we import more than half the oil we use.

But from where, you ask. So did I.

Amount of U.S. oil consumption that comes from the Middle East: 2 mbd — 12 percent, only three percent from Iraq and Kuwait. The rest of our imported oil comes from places like Canada, Venezuela, Mexico, Nigeria, Algeria, Ecuador, and England.

Did you get that? We only import 2mbd from the Middle East. If we cranked up a few more wells here in the states, we could do without with those pesky dudes completely.

Next natural question is; if we only get such a little amount from there, then why are we there? Why do we bother? A six letter word will answer that one.

Israel.

The Jews took over the land that was known as Palestine. The Palestinians didn’t like that, and fought them. Their Arab neighbors didn’t like it either, but for complicated reasons they didn’t interfere.

Israel is there because they brought their Big Brother, US, along to help take over the land. The US is still there keeping the pesky Arabs from attacking poor little Israel. A heavy political influence of Armageddonists, munitions makers, bankers, oil men and other social dregs has kept us there. The cover story is that we have to keep the area subdued to guarantee access to the oil.

But really, we ain’t talking about that much oil. Two million barrels a day is easily replaced from some other source, if we have the will to do it.

Things change, don’tcha know. Political alliances come and go. The Grand Game goes on, though. Pawns In The Game, as Cmdr. Guy W. Carr named his book. I read many years ago from a very believable source that the state of Israel was set up to fall. Not fail. Fall. The right-wing religionists, Armageddonists they are, say that there has to be a war there and the new temple built before Jesus returns, or some odd story like that.

So if Israel falls, or is allowed to fall, they would buy into that explanation, I would think. An easy sell, seems to me.

Maybe Israel will fall. Maybe the process has already begun. Egypt has a new relationship with Iran now that Mubarak has gone. The border to Gaza has been opened. Look what is happening in Libya and Bahrain. A whole new political order is rising up in the Middle East.

What has kept them camel-driving savages away from poor, defenseless Israel, home of the Chosen Ones? The US military might.

When Obama came into office, the US began de-constructing its relationship with Israel. Suddenly, they don’t get all their wishes come true. Suddenly, a few countries have recognized Palestine as a state. The Israeli massacre of people on the relief boats sorta hastened the process along, but it was picking up momentum anyway.

There was a UN Security Council vote that would have condemned Israel. The US almost, and I do mean almost, voted yes but at the last minute vetoed it. Even so, it was made plain to Israel and the other Security Council members that our heart was not in it. We’d prefer to have voted in favor of the resolution.

June 12 of last year the Bilderbergers swooped down on the Israeli government and told them what was expected of them. They were to endorse a Palestinian state and pull back to the pre-1967 borders.

That didn’t happen. In Mafia parlance, the Commission laid down an ultimatum. The Israeli godfathers did not obey. The Commission will then proceed to punish them.

Nothing like that moves quickly in the world of politics. It isn’t as simple as playground and bar room power struggles. Maybe what we are seeing now, with a whole new social and political order being born in the Middle East, is the Commission’s way of letting Israel go down the tubes.

How many friends do you think that illegal state has outside of Israel? Less than none, I would say. What happens when Israel’s big brother is no longer interested in the expense of supporting that nation and they have to look out for themselves?

If they don’t learn to talk nice real soon, then it’s over for that bunch. It will either fall from outside forces, or implode from inside stress. Gone is gone, either way.

What about our 2 million barrels a day? Glad you asked.

What a strange coincidence that Brazil has found a deposit of 40 billion barrels of oil. Light crude, it is. Easily accessible and a friendly nation. And our man Obama was right there among the BRIC nations [Brazil, Russia, India, China] with the summit meetings last year. Brazil has the stuff, and they are looking for a market. The US has the market; 27% of world oil consumption is not a market to ignore.

If we just sail away from the Middle East and take our toys with us, the missing two million barrels is easily replaced by Brazil. Let those folks over there settle things among themselves. We can always go back and make nice with the ones who come out on top.

Did y’all notice that during the Egyptian drama that the price of oil actually dropped? Someone “in the know” was not worried about the Suez Canal or interruption of supply. Oil rose a bit when Libya began to come apart, but now that the end is in sight, oil is easing back down.

I haven’t looked to be sure, but I’ll bet the big American label oil companies are already on site in Brazil. That much oil, they can manipulate the price. If they decide that they want to get rid of OPEC and those pesky A-rabs, all they have to do is reduce the price of oil.

So what does Dragon’s over-the-event-horizon radar say?

Radar says that this is a possible explanation for the “why” of events that are unfolding now. Radar doesn’t see the “fall of the dollar”. A controlled crash staged to create acceptance of a new monetary system, perhaps. We can speculate about what the new monetary system will be at a later date. Right now, radar says that one of those the-end-of-the-world-as-we-know-it, or TEOTWAWKI, is not going to happen. The talking heads in the world of monetary experts will have a different take on the situation. First, though, see how many of them are selling books, precious metals, or newsletters.

Radar says that Israel is going down. External aggression, internal tension, lack of US support–take your pick. The process had already begun when Israel was told that they’d be shot out of the sky if they flew over US held territory to attack Iran. They can’t defeat Hezbollah or Iran without our help. Even Bush was not that crazy, and Obama for sure is not going to do it.

However it happens, it will appear to be so natural that no one will see the Hidden Hand behind it all.

Dragon

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