Archive

Posts Tagged ‘crude oil’

Pastor Lindsey Williams: Nwo to Target ‘Yemen’ Next!

April 15, 2011 Comments off

Lindsey Williams announced on the Alex Jones Show that the New World Order will be targeting the fall of Yemen next.  Saudi Arabia will be last to fall in the Middle East thus causing oil prices to escalate from $150 to $200 per barrel.  He also touches on the current devaluation of the US Dollar and the current gold and silver explosion in commodities.  If you are able to… listen to this interview and research it for yourself.

Read more…

Silver soars to 31-year high

April 15, 2011 Comments off

ctv

Gold rose over 1 per cent to a near-record and silver surged Thursday as dollar weakness, inflation worries and a European debt crisis powered bullion to its biggest one-day gain in about seven weeks.

Silver futures soared to their highest since 1980, rising more than 4 per cent for their biggest one-day gain since November, as strong investment and speculative buying sent the gold/silver ratio to a low.

Gold received a boost from inflation worries triggered by a crude oil rally and data showing rising U.S. core producer prices in March, and as higher-than-expected jobless claims knocked the dollar.

“The combination of higher oil prices, weaker dollar and the resurrection of discussions of Greek sovereign risk problems has galvanized the gold market. It’s particularly impressive because we ran into selling above the market yesterday,” said James Steel, chief commodity analyst at HSBC.

Spot gold rose 1.4 per cent to $1,474.30 an ounce by 4:02 p.m. ET, within striking distance of its record $1,476.21 set on Monday. U.S. gold futures for June delivery settled up $16.80 at $1,472.40 an ounce.

Investors grew jittery on talk of debt restructuring by Greece, the first euro zone member to receive a bailout a year ago in the crisis Read more…

Oil will go up ‘ballistically’ if unrest shifts to Saudi Arabia, says Marc Faber

March 10, 2011 Comments off

bi-me.com

INTERNATIONAL. Marc Faber the Swiss fund manager and Gloom Boom & Doom editor sees oil prices extending their bull run despite the 15% run-up this year alone.

In an optimistic scenario demand for oil will rise as the global recovery takes hold, and in a pessimistic scenario prices still go up if the Middle East unrest spreads and crude production is curtailed. In both cases, he says, you should be long energy and energy related shares.

Speaking to CNBC today, Faber said: ” I think long term you should be exposed to energy in either scenario….if you are extra bearish and believe that War World III is going to start soon, as I believe, or in an optimistic scenario”.

Addressing the fundamentals of the oil market, Faber said: “What we had over the last couple of years is essentially a reduction in demand from the developed world, the US, Western Europe and Japan, and continued growth in emerging economies.

“So, if you take a very optimistic view of the world, namely a global economic recovery, demand in the Western World will pick up and demand in the Emerging World will continue to rise strongly, so from a very optimistic point of view you should be long oil,” he recommended.

On the flip side, “in a very pessimistic scenario you have to assume that unrest will shift to Saudi Arabia and other countries in the gulf and at that stage the production is curtailed and in that case obviously oil will go up ballistically.”

Brent crude futures could hit US$200 a barrel if political unrest spreads into Saudi Arabia, Societe Generale said on Monday.

Under what the bank called Geopolitical Scenario 3, “unrest spreads to Read more…

People Of Earth: Prepare For Economic Disaster

March 9, 2011 Comments off

theeconomiccollapseblog

It is not just the United States that is headed for an economic collapse.  The truth is that the entire world is heading for a massive economic meltdown and the people of earth need to be warned about the coming economic disaster that is going to sweep the globe.  The current world financial system is based on debt, and there are alarming signs that the gigantic global debt bubble is getting ready to burst.  In addition, global prices for the key resources that the major economies of the planet depend on are rising very rapidly.  Despite all of our advanced technology, the truth is that human civilization simply cannot function without oil and food.  But now the price of oil and the price of food are both increasing dramatically.  So how is the current global economy supposed to keep functioning properly if it soon costs much more to ship products between continents?  How are the billions of people that are just barely surviving today supposed to feed themselves if the price of food goes up another 30 or 40 percent?  For decades, most of the major economies around the globe have been able to Read more…

If Libyan unrest spreads, gas could reach $5

February 22, 2011 Comments off

Gary Strauss on Feb. 21, 2011 USA Today News

If political unrest in Libya spreads to other oil-rich countries and the ensuing chaos disrupts crude oil production, gas prices could hit $5 a gallon by peak summer driving season, industry analysts say.

Benchmark crude oil prices soared Monday, rising about 6% to $95.39 a barrel for April contracts on the New York Mercantile Exchange as violence and a military crackdown spread in Libya, the first major oil-producer hit by a burgeoning anti-government movement. The increased violence prompted BP and Norway’s Statoil to pull oil workers from the besieged country.

“If this thing escalates and there’s a good chance that there’d be a shift in supplies, $5 gas isn’t out of the question,” says Darin Newsom, senior analyst at Read more…

Oil climbs on escalated Libya tensions

February 21, 2011 Comments off

commodityonline.com

SINGAPORE (Commodity Online) : World oil prices advanced further in Asian trade Monday as political tensions spread to more countries including major oil producer Libya.

Light sweet crude for March delivery, which will expire Tuesday, was seen trading at $87.37 a barrel at 12.00 noon Singapore time while April delivery jumped to $91.35 a barrel.

In London, Brent crude for April delivery was at $103.54 a barrel.

Analysts said the black gold is likely to advance further during the day Benchmark on worries of oil supply disruptions as unrests over authoritarian governments in the Middle East escalate to more countries.

Concerns over Middle East oil supplies helped prices recover from early weakness after China raised its banks’ reserve requirements last Friday for the second time this year to combat rising inflation.

According to China’s National Development and Reform Commission, gasoline and diesel prices will go up 350 yuan per ton starting Read more…

Two Iranian Warships May Pass Through Suez Canal, Israel’s Lieberman Says

February 16, 2011 Comments off

By Gwen Ackerman

Bloomberg

Israeli Foreign Minister Avigdor Lieberman said that two Iranian gunboats are planning to sail late today to Syria through Egypt’s Suez Canal in what he called a “provocation.”

“Regretfully, the international community isn’t showing readiness to deal with the recurring Iranian provocations,” Lieberman said today in a speech to U.S. Jewish leaders in Jerusalem. “The international community must understand that Israel can’t ignore forever these kinds of provocations.”

The Israeli statement comes five days after Egyptian President Hosni Mubarak stepped down and unrest in North Africa spread to the Persian Gulf, where Bahrain and Iran have seen anti-government protests since Feb. 14. Israeli leaders have voiced concern that Iran may exploit Read more…

Follow

Get every new post delivered to your Inbox.

Join 309 other followers