AN EXPLANATION OF THE FACTIONS  
 

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Related to the US oil fracking, and the WWIII

Posted By: IZAKOVIC
Date: Friday, 20-May-2016 09:23:52
www.rumormill.news/47313

In Response To: REMEMBER THE SEPTEMBER 11, MH370, MH17, AND WILDLANDS PROJECT? (IZAKOVIC)

Yesterday happened a serious reversal of the oil price, that for months has been so low. What this essentially means?

http://www.telegram.hr/biznis-tech/jucer-se-dogodio-ozbiljan-preokret-s-cijenom-nafte-mjesecima-nije-bila-ovako-visoka-sto-to-zapravo-znaci/

Jump in prices was caused by fires in Canada and attacks on oil installations

Last Updated: May 19, 2016

Mladen Plese
http://www.telegram.hr/autor/mladen/

On the world oil market there is no peace, on Wednesday, May 18, there come an unexpected reversal, a barrel of oil on the world market went close price of $ 50. What is the highest price during the past year, but experts estimate that the value corresponds to the former price of 100 dollars per barrel.

The sudden jump in prices was caused by the large forest fire in northern Alberta, Canada, and because of the frequent attacks by Islamic terrorist groups on oil facilities in Iraq, Libya and Nigeria.

Oil price reaches level last seen in October https://t.co/ZrJbDaRPfD pic.twitter.com/yVm4PWyBey

- Bloomberg (@business) May 17, 2016

It is anticipated that the fire and destruction of oil facilities in Canada, Libya, Iraq and Nigeria lead to a reduction of production and consumption will become greater than the supply of oil. Which will automatically lead to a rise in prices.

Attempts prices

So, what has recently failed Russia and Saudi Arabia, have succeeded natural disaster and war operations. Moscow and Riyadh have recently agreed to reduce oil production to the demand became greater than the supply which would lead to a rise in oil prices on, for most producers, an acceptable level of around 60 dollars per barrel.

However, Iran has undermined that agreement, it agreed to reduce its production, while the financial and oil experts predicted that the price of about 40 dollars per barrel to keep at least another year.

The oil price has climbed close to the $ 50 brands in the latest sign of a recovery https://t.co/JulOWahONI

- Sky News (@SkyNews) May 16, 2016

Do the same conclusion arrived in Saudi Arabia, the largest oil producer, which is why decided to make an epochal shift in the economic and development policy: Prince Mohammed bin Salman al-Saud announced the creation of a public investment fund with two thousand billion dollars that will be invested the restructuring of the Saudi economy.
The vision of post-oil era for Saudi Arabia

Prince has publicly presented his vision of a new Saudi Arabia: the country is, in his opinion, adopted by the entire royal family, simply must, because of low oil prices, prepare for postnaftnu era. And this means that its economy by 2020 must stop being dependent on oil exports. Oil revenues, has announced the prince will replace earnings from industrial production, pharmaceutical and chemical industries and investment.

The prince presented his vision of a new Saudi Arabia. And this means that its economy by 2020 must stop being dependent on oil exports. Oil revenues will replace earnings from industrial production, pharmaceutical and chemical industries and investment.

Therefore also announced the sale of 5 percent of the shares of the largest oil companies in the world, Saudi Aramco and transfer part of its shares in the new fund. Otherwise, the value of the company Aramco is almost incalculable: the global market is worth between 1,250 to 10 thousand billion dollars. Assets of the fund would be invested in the restructuring of the Saudi economy.

It was announced also that Saudi Arabia cut oil production in order to increase its price only when they do, Iran, Russia, Venezuela, and all the members of OPEC. Since it is impossible to achieve such a consensus, experts concluded that in the near future there will be no serious increase in oil prices.
Russian GDP due to falling oil savagely

With such an assessment clearly agreed and in Moscow on Monday, May 16, Deputy Finance Minister Maxim Oreshkin in an interview announced the biggest turning point in the development strategy of the Russian economy since he came to power Vladimir Putin. Oreshkin said that because of the turbulent oil market Russia wants rid of dependence on oil so that she began to rapidly prepare for postnaftnu era.

Although it was claimed that Moscow is ready to withstand a price of 40 dollars per barrel, it turned out that it was not possible. The ruble has already lost 70 percent of their value, bankrupt many big banks that are behind pulled to the bottom and a large number of major companies.

Vladimir Putin, who has so far argued that low oil prices will not jeopardize the economy of his country, he ordered that the new generators Russia's development must become agriculture, chemical industry, food production and domestic tourism. This will require huge investments in these sectors of the economy and the major structural changes. But such a difficult decision forced by the low price of oil due to which Russia entered the huge economic problems.

Although it was claimed that Moscow is ready to withstand a price of 40 dollars per barrel without any major earthquake, it has been shown that this is not possible: the earth has long been in recession, with GDP falling precipitously. More 2013 amounted to 2.232 billion dollars, 2.030 in 2014, and in 2015 only 1,325 billion. In 2016 predicted an even greater fall: at only 1,133 billion. At the same time, the ruble has already lost 70 percent of their value, bankrupt many big banks that are behind pulled to the bottom and a large number of major companies.
The consequences of Canadian fire

That is why Putin decided that his country is never so dependent on exports of oil and gas. The energy sector was filling a third of the 2015 state budget. Compared to 23 percent from 1996 to 1999, and about 50 percent from 2011 to 2014. In 2015, for example, the state budget has entered five times more money from the energy sector than agriculture.

In Alberta, Canada, were evacuated about 8,000 workers. Therefore, the production is stopped at about 40 percent of the Canadian oil production. The company broke Suncor is producing about 300,000 barrels of oil per day, a company Syncrude 350,000 barrels per day.

The immediate reason for the unexpected twist on the oil market came because the two large oil pumping station in northern Alberta, Canada evacuated about 8,000 workers. Therefore, the production is stopped at about 40 percent of the Canadian oil production. The company broke Suncor is producing about 300,000 barrels of oil per day, a company Syncrude 350,000 barrels per day.
Cancel LNG projects

All industries directly related to the energy sector, producers, processors and distributors of oil, the transport industry, equipment manufacturers, financial and banking institutions that are funded by the oil and gas business, now I can relax for a while.

Low oil prices have dramatically declined in recent years and completely stopped investing in energy projects worth over 280 billion dollars. To halt oil exploration in the deep offshore in the amount of 87.65 billion dollars, and in shallow seas 23.3 billion.

Stopped investments in extracting oil from the ground to 44.6 billion dollars from 28.5 billion slate and new projects related to gas production decreased by 13.9 billion dollars. One of the hardest punches, which is particularly interesting for Croatia, experienced investment in LNG projects: interrupted or canceled the contracts for the construction of an LNG plant in the amount of 63.10 billion dollars.

---

I did not clean the whole automatic translation, because the most of it is not relevant.

The main message is that:

1. US went fracking it's own territory to kill it's useless eaters.

2. To control world oil market after it succeeds to start the WWIII in Near East and Europe.

Just as per Albert Pike:

More:

Albert Pike and Three World Wars

http://www.threeworldwars.com/albert-pike2.htm

---

Again that plugin. Getting bit tired.

IZAKOVIC



RMN is an RA production.

Articles In This Thread

Update 2: Suitcases, human remains located in hunt for missing EgyptAir plane
IZAKOVIC -- Friday, 20-May-2016 08:36:42
REMEMBER THE SEPTEMBER 11, MH370, MH17, AND WILDLANDS PROJECT?
IZAKOVIC -- Friday, 20-May-2016 09:01:31
Related to the US oil fracking, and the WWIII
IZAKOVIC -- Friday, 20-May-2016 09:23:52
IMAGINE TO GET SO DUMB: SAUDIS ADMIT TO FULL BLOWN LIQUIDITY CRISIS
IZAKOVIC -- Friday, 20-May-2016 09:29:54
Central banks selling off US debt at record pace
IZAKOVIC -- Friday, 20-May-2016 09:35:29
F. William Engdahl: China Quietly Prepares Golden Alternative to Dollar System
IZAKOVIC -- Friday, 20-May-2016 09:44:06

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AN EXPLANATION OF THE FACTIONS