Archive

Posts Tagged ‘oil shortage’

Lindsey Williams Exclusive: Nwo to Target Iran & Saudi Arabi Next, Oil to Hit $200 a Barrel

February 23, 2011 1 comment

Lindsey Williams has been extremely accurate over the past three years when he predicted oil would reach $150 a barrel in 2008, and then six months later, was correct in saying the oil cartels would take the price down to $35.  Both of these revelations were deadly accurate, and today, he has perhaps the most important piece of information that he has received from his contacts in the oil industry.  The new information Pastor Williams plans to report on today has to do with the intentional crashing of the dollar, Middle East crisis, exploding energy prices, and the want for all-out chaos by those in power.  I highly recommend that you listen to the interview as it explains much of what is to come.

Read more…

Oil Prices: Egypt’s Crisis Could Hurt Europe First

February 1, 2011 Comments off

CHARLES WALLACE

Some crude oil prices brushed $100 a barrel Monday as fears escalated that the violence in Egypt would spread to other parts of the oil-producing Middle East. But so far, no reports have surfaced that the disturbances in Egypt have disrupted oil deliveries.

Brent crude oil surged to $99.97 a barrel on London’s ICE futures exchange, up about 5% since the beginning of last week, when violence spread from Tunisia to Egypt. In U.S. trading, West Texas Intermediate shot up 1.7% on Monday, but was still about $10 a barrel cheaper than Brent crude, its European counterpart.

Julius Walker, a senior analyst at the International Energy Agency in Paris, says the organization has received no reports that oil shipments were being delayed, but the website of the agency that runs the Suez Canal has been shut down by the ban on Internet use in Egypt, so a precise reading isn’t available.

“Nothing has been affected. It’s just the worry of it,” Walker says.

A Chokepoint for Europe-Bound Oil

Egypt is a small oil producer, and its output is almost exactly equal to Read more…