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Global Oil Market Destroyed, War Is Coming Later This Week, History Unfolding

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Wars and Rumors of War: The Beginning of Sorrows | End Times ...

Global Oil Market Now DESTROYED; Only Solution is Middle East War

Hal Turner

The market price of oil not only collapsed to ZERO DOLLARS ($0.00) per barrel, it has actually gone negative!   Thus, the global oil trade market is destroyed.  My Intelligence sources confirm there’s only ONE way out of this: major war in the Middle East, commencing with the complete closure of the Strait of Hormuz.

The Strait of Hormuz is the world’s most important oil choke-point because of the large volumes of oil that flow through the strait.

In 2018, its daily oil flow averaged 21 million barrels per day (bpd), or the equivalent of about 21% of global petroleum liquids consumption.

As of this writing at 5:40 PM eastern US time, if a producer of oil from out of the ground wants anyone to take it, the producer must PAY $44 a barrel for someone to take it!   Yes, you read that correctly; not only give away the oil, they have to PAY to give it away! 

This has happened because global demand for oil and gasoline has plunged to almost nothing, and ALL (literally ALL) the storage capacity of the entire planet, is full.  There’s nowhere to PUT the oil if it comes out of the ground.

This situation has never taken place before in recorded history.  

I am told by several sources to look for a sudden, dramatic, and massive, start to an incredibly huge war, this week.   Yes, THIS WEEK.

Readers are urged in the strongest terms possible to top-off food, medicine, fuel, gun and ammunition supplies.  Don’t wait.

In the Video below, Mike Adams shares what you can expect moving forward. War will consume the world very soon.

Food Shortages, Gas Shortage, Nationalize the Oil Markets, Price Controls, Collapsing Dollar, Civil Unrest and Global Warfare, This is the opening shot….

 

RealNewsTarget Oil crashes to BELOW ZERO as economic warfare unleashed on a global scale

 

 

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    Total 15 comments
    • grayeagle40

      🇺🇸⭐️⭐️🇺🇸 Oh how my heart bleeds for these billionaires. Not. They became Mega billionaires by scamming us with the phony peak oil nonsense. We all know what goes around comes around.
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    • Dave Stephens

      The sooner we start the war, the sooner we can start over.

      • decleateed

        Dave, I don’t mean to be a smartass but have you ever fought in an actual war? Keep in mind, the last few wars we have been involved in started as a result of lies by our Govt. EVERY war is a profit bonanza for Wall Street as a result of young American kids fighting other young kids while Wall Street counts their profits.

    • b4

      your only talking the cash price–only a small amount of oil moves by cash price–everything else is on a monthly contract price–the end of the month is tomorrow and if you did not have a contract via the futures or other agreement you were up a creek–the cash players got their ass handed to them–the contract price is still around 21 bucks and expect to see 20 bucks on wednesday–the usual media bs about negititive oil price makes for a good headline,nothing more—when those saudia supertankers get to texass this week i imagine it could be months before they get unloaded–it like buying stocks on margin–when your caught on the wrong side your dead or at least missing about 2/3rds of your ass

      • beezlbub

        You got it Bass Ackwards. It’s the people that purchased and were holding the futures contracts that got their butts handed to them. Most people that were left holding the bag were futures traders that had never had any intention or ability of taking delivery that are going to feel the horrible pain. It will probably bankrupt many. Yaaayyyyyy is all I can say.

        • b4

          anything that is less than 30 days is a cash market including futures–thats what got killed–its a very small percentage in the oil market–margins,pure future bets are gambling,nothing more–the refiners and others like airlines buy futures for protection against price ups/downs on inventory they own–it is insurance–it will be interesting to see how much was actually lost–probably not much–always is when there are no bids on any commodity–1 bid can distort a market huge when its the only bid like the -37 bucks and if the future contract was only on say a hundred bucks in a locked account, big deal–makes for good headline like i said

          • counselor john

            Outstanding insight b4.

    • Slimey

      Wars a cum’n eh? To a prepper ti’s always so.

      To Dr. Faucteeth and Brix-head a virus is cum’n. Ti’s always so.

      To Bull Gates a vaccine is cum’n. Ti’s alway so.

      To a Demoncrap it’s Trump’s fault. Ti’s always so.

      There’s something out there for everybody to scam someone else. Ti’s always been that way. :lol:

    • No time

      War is already here, you idiot. Lol. 🤣🤣🤣

    • counselor john

      If was does not break out this week can you not write anymore? Why would anyone close the straight of Hormuz if there is no oil anyone wants? That would be like closing down a bank even though everyone knows it has no Mandy anyway. Think that through better next time you think you should speculate and state it as a hard fact.

    • truck driver

      Shoot at empty buildings and empty truck’s like Syria and call it war Hoax

    • AJ

      End of the week?? Cool; I will be waiting then don’t have to read your bullshit anymore.

    • DK

      Its futures trading, either the producers have ongoing contracts – or not, they either keep the pumps on -or not, what they will not do is produce oil for less than it costs to keep production infrastructure going because hedge fund market algos say they must. The tap gets turned off till the price goes up. :roll:

    • Central Scrutinizer

      Be sure to post up a really good apology when next week rolls around, and there still ain’t no war…. And moving the prediction a week, a month, or even a year doesn’t count.

      Take your time, I’ll wait. :mrgreen:

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