Archive for June 9th, 2011
Oil Price Rises Sharply After OPEC’s Meeting Collapses In Disarray
June 9, 2011: Terry Macalister and Heather Stewart / guardian.co.uk – June 8, 2011
Hopes that Opec would bring relief to motorists and wider western economies from soaring energy prices were today dashed when a crunch meeting of the oil cartel broke up in disarray without the expected agreement to increase crude output.
Political turbulence in North Africa and the Middle East undermined the usual consensus at the meeting in Vienna and led to speculation that new internal rivalries could split the group, leading to even more market chaos.
Saudi Arabia, the world’s largest oil producer and influential Opec dove, was outmanoeuvred by Iran, Venezuela, Libya and others, later describing the summit as “one of the worst meetings we have ever had”.
The price of Brent crude soared a further $1.65 to $118.43 a barrel as an expected Opec agreement to raise its production quotas by about 1.5 million barrels a day failed to materialise.
Petrol in Britain averages 136p a litre – 18p more than a year ago – and Edmund King, president of the AA, said the prospect of a new rise on the back of the failed Opec meeting was a “slap in the face” for the consumer.
“With so many indicators pointing to the pain of high oil prices and the detrimental effect they are having on family budgets and economic recovery, Opec’s decision simply deepens the gloom,” he added.
The four west-leaning Gulf Arab states had proposed increasing daily output to more than 30m barrels but they were out-voted by seven countries including Venezuela and Algeria who wanted them left unchanged.
Saudi Arabia made clear it was not happy. Ali al-Naimi, oil minister for a country which has close ties with America and Britain, said: “We were unable to reach an agreement – this is one of the worst meetings we have ever had.”
Market analysts said there were genuine differences inside Opec about whether the bout of very high oil prices could last and undermine the global economy or naturally fall back.
“One factor is a diverging market view. Another is politics,” said analyst Samuel Ciszuk at IHS global Insight. “At times of heated politics and ideological debate, Saudi struggled to dominate as much as it could have given its size vis-a-vis others in Opec.”
The atmosphere had been poisoned by Qatar backing Libyan rebels fighting the government of Muammar Gaddafi, while Saudi Arabia has angered Shi’ite Iran by using force to help the Sunni-led Bahrain suppress a Shi’ite rebellion.
But, this time, those in Opec politically opposed to the United States – led by Iran and Venezuela – found enough support to block Saudi Arabia whose views normally hold sway.
Katherine Spector at CIBC World Markets said: “Saudi is the cartel member most interested in earning political ‘points’ with consuming countries, and maintaining its image as a reliable supplier of last resort.”
But several Opec members also argued they needed to keep tax revenues high to protect their citizens against the rocketing cost of other commodities such as food, and could not let the oil price decline. Opec is not due to meet again for another three months and some analysts said the angry divergence of views could mark the beginning of the end for the cartel.
“A new world order beckons, doubtless preceded by disorder,” said Marc Ostwald, strategist at Monument Securities. He predicted that non-Opec members such as Russia and Kazakhstan could be the main beneficiaries if the cartel’s power waned.
Production quotas have now remained unchanged since 2009. The International Energy Agency, the global watchdog, expressed its “disappointment” at Opec’s decision and urged producers to increase output anyway.
“A further tightening in the market and potential increases in prices risk undermining economic recovery, which is in the interests neither of producers nor consumers.”
However, Julian Jessop, chief international economist at Capital Economics, said the weakening outlook for the global economy should bring oil prices down later this year . “We continue to expect the price of Brent crude to drop back below $90 per barrel by the end of the year, as global demand continues to disappoint, the Middle East risk premium fades, and the dollar rebounds.”
OPEC Fails To Reach Agreement On Oil Supply
The Tonka Report Editor’s Note: Do you think Bilderberger’s had anything to do with this disarray? – SJH
Link to original article below…
Breaking: Secret Bilderberg Agenda Leaked By Mole In Switzerland
June 9, 2011: Kurt Nimmo / Infowars.com – June 8, 2011
Alex Jones and Infowars.com have received inside information regarding the Bilderberg agenda now unfolding in the idyllic Swiss countryside.
According to AFP journalist and legendary Bilderberg sleuth Jim Tucker’s inside sources, the agenda now under review includes a number of critical issues at the top of the elite’s to-do list. These breakdown as follows: The elite are concerned that the American Congress may soon turn against the illegal and immoral invasion under humanitarian cover by NATO and the U.S. against the north African dictator Moammar Gaddafi.
As columnist Patrick Buchanan noted yesterday, Congress is rising in opposition to bogus wars launched by the executive branch in violation of the Constitution.
“Last week, House Speaker John Boehner had to scramble to cobble up a substitute resolution to prevent half his GOP caucus from joining with Democrats to denounce President Obama’s war in Libya as unconstitutional and to demand a total U.S. pullout in 15 days,” Buchanan wrote. More than a third of House Republicans voted to pull out of the NATO coalition attacking Gaddafi’s forces, in essence forcing a NATO withdrawal from the color revolution engineered civil war in that country.
In January, a former oil industry pastor revealed that his inside sources said oil prices will skyrocket – a fait accompli with gas prices at the pump now at historically high levels – as the global elite work behind the scenes to take down national economies. [Lindsey] Williams appeared on the Alex Jones Show to talk about new revelations that deal with the death of the dollar, exploding energy prices, and the engineered onset of order out of chaos revolution worldwide.
The elite now meeting behind closed doors in Switzerland are pushing for a wider war and incalculable suffering in the Middle East. The money masters have long profited from war and mass murder. Nathan Rothschild made a financial bet on Napoleon at the Battle of Waterloo and while also funding the Duke of Wellington’s peninsular campaign against Napoleon. The House of Rothschild financed the Prussian War, the Crimean War and the British attempt to seize the Suez Canal from the French and also financed the Mexican War and the Civil War in the U.S.
In addition to worrying about Congress waking up to the Libyan scam, the global elite are also concerned about a diverse liberty movement that has grown exponentially with the help of an open and free internet. In response, the pocketed pawns in Congress have introduced a raft of bills over the last few months designed to take down the internet and blunt its impact as a medium for alternative news and information.
On April 1, 2009, the Senate introduced two bills, endangering a free and open internet: S. 773 Cybersecurity Act of 2009 and S. 778 to establish a White House cybersecurity czar. In addition, on September 20, 2010, S. 3804: Combating Online Infringement and Counterfeits Act (COICA) was introduced.
Early last month, an especially ominous bill was introduced in the Senate. Entitled Preventing Real Online Threats to Economic Creativity and Theft of Intellectual Property Act of 2011, PROTECT IP for short, this legislation would use copyright infringement as a smoke screen to take down web domains and institute rolling censorship.
On the international front, the European Commission gave a nod toward implementing the Anti-Counterfeiting Trade Agreement (ACTA), a draconian measure that will subvert national sovereignty, trash Net Neutrality, consumer privacy, and civil liberties. In the United States, the corporate media has virtually ignored ACTA, but then key players in the Mockingbird media are often Bilderberg attendees and privy to aspects of the agenda.
The above represent a small sampling of legislation and treaties that will be used to shut down the opposition under the cover of protecting copyright and preventing terrorism.
Hyperventilating over exaggerated threats of cybersecurity, Senator Jay Rockefeller mused during a congressional meeting on cyber crime and terrorism in 2009: “It really almost makes you ask the question would it have been better if we had never invented the internet.”
The globalists are not opposed to the internet, especially as a corporatized money-making instrument. They are, however, opposed to an open, free, and unregulated by government internet where alternative media opposed to their globalist devices are allowed to thrive.
In addition, we can expect minions of the global elite who parade around as our elected representatives and appointed government officials to continue their propaganda efforts to convince the American people that the internet will be used as a terrorist weapon of mass destruction and as such needs to be tightly regulated – for our own safety, of course, and that of the children.
Finally, the Bilderbergers will work on an effort to sucker an already economically besieged American public into further fantastic debt producing bankster bailouts, specifically for Greece, Ireland, Portugal, and other member EU nations sliding toward bankruptcy and social disruption on a monumental scale.
In late 2010, the U.S. Treasury, now operating as a liaison between the government and the bankster owned private Federal Reserve, indicated it was ready to fork over billions more to the European black hole. “There are obviously some severe market problems,” said a faceless bureaucrat, speaking on condition of anonymity. “In May, it was Greece. This is Ireland and Portugal. If there is contagion that’s a huge problem for the global economy.”
As of late 2010, the IMF, whose biggest single “shareholder” (read: parasitical host) is the United States, has committed 250 billion euros to the bankster engineered black hole. “Why should American taxpayers be on the hook because a foreign government cannot cover its debts?” asked Rep. Ron Paul, R-Texas, at a House subcommittee hearing last May.
Because the plan is to take down national sovereignty, impose drastic austerity measures, hold fire sales on national assets, consolidate wealth and power, and use an endless economic crisis as an excuse to usher in world government, a one-world currency, and a sprawling high-tech police state.
Bilderberg Security Erect Veil To Hide Identity Of Attendees
The Tonka Report Editor’s Note: As the Bilderberg Group officially kicks off their annual globalist confab today, there will be more information forthcoming as these maniacal traitors plot out this year’s agenda. – SJH
Link to original article below…
http://www.infowars.com/breaking-secret-bilderberg-agenda-leaked-by-mole/
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