OPEC Puppets and Canada Give Away Their Oil
by Jeff Neilson, Sprott Money
The world is running out of oil. Peak Oil is a reality, all that is open to debate is how fast production will drop off, and how quickly the world will simply run out of oil. The lack of certainty is due to the fact that (as with everything else) we can’t trust the “official” numbers fed to us, with respect to either global production or global reserves.
Numbers supplied by Saudi Arabia’s corrupt monarchy have been regarded with deep suspicion, for many years, based on inconsistencies in the numbers themselves, and the high degree of secrecy within the Saudi oil industry. More recently; the massive conspiracy with respect to U.S. “shale oil” has now been exposed, with actual supply being as little as 4% of the fantastic “reserves” claimed by the Shale Charlatans.
What does it mean when we live in a world of diminishing (oil) supply, and seemingly inexhaustible (oil) demand? It means this is the classic “sellers’ market”. That is fact #1.
Fact #2 is the brazen admission by the U.S.’s puppet-president, Barack Obama, that the U.S. government (or rather its banker Masters) has been deliberately manipulating oil prices lower, as “part of its strategy” of economic terrorism against Russia. This is outrageous, on multiple levels.
1) The matter-of-fact manner in which Barack Obama acknowledged this market manipulation epitomizes the crime syndicate mentality of the U.S. regime, and the other puppet regimes of the West under the direct control of the One Bank. Absolutely no respect for the Rule of Law.
2) In a world of vanishing oil; it is recklessly irresponsible to manipulate oil prices lower, since under-pricing anything inevitably stimulates over-consumption. The fastest way to squander our remaining stockpiles of oil (obviously) is to put them “on sale”.
3) The fact that this fascist government now openly engages in unilateral acts of economic terrorism against other nations proves that internationally, the United States is now a pariah regime.
Equally outrageous is the lack of response to the reckless economic terrorism of the United States, specifically the lack of response by many of the world’s largest oil-producing nations. In particular; noteworthy for their absolute lack of response are the OPEC nations – and Canada.
What is the appropriate response of any oil-producing nation, upon learning that the U.S. is (deliberately) driving-down oil prices, effectively stealing the oil production of these oil-producing nations, and thus perpetrating its economic terrorism against them, as well? The response is as obvious as it is simple. Cut off supply.
Indeed, this was the entire raison d’être for the creation of OPEC: uniting Arab oil producers so that they gave themselves the option of “turning off the taps” if oil prices weren’t high enough. Clearly when a Rogue Regime publicly proclaims that it has manipulated oil prices 50% lower as a deliberate act of economic terrorism, then prices cannot be “high enough”.
Yet with the 21st century governments of most OPEC regimes now mere sock-puppets of the U.S.’s own puppet-regime, we have all the OPEC Puppets pretending they are powerless. Then there is Canada. Canada’s Prime Minister, Stephen Harper, has also been guilty of perpetrating economic terrorism, and it also involves the manipulation of oil prices.
The obvious difference is that Stephen Harper’s victims are his own people. It is Canadians who have been callously exploited with Harper’s treasonous “energy policy”. What is Harper’s policy on energy? Giving awayas much of it as possible, as fast as possible, to his own beloved Master, the U.S. government.
In a sellers’ market; Stephen Harper recklessly ramped-up production of Canada’s tar sands oil – the ‘dirtiest’ oil on the planet – and then immediately began giving away all this oil, to the U.S., at a 1/3rddiscount versus prevailing ‘spot’ prices (as much as $40/barrel below prevailing prices). The excuse given by the Harper regime for squandering Canada’s oil reserves is as inept as Harper himself.
The “reason” Canada’s oil is being sold for less than anywhere else on the planet is because (supposedly) there is a lack of refining facilities to process this particular type of crude. We know this is a lie. How? Because Stephen Harper (fortunately) doesn’t run Canada’s government all by himself. He has advisors.
What would have happened as Harper began recklessly ramping-up tar sands production? His advisors would have posed two questions to this Traitor. To whom are you going to sell all this oil? Where will it berefined?
When the Harper regime realized it had no answers (at all) to these questions, any honest government would have immediately adopted one or all of the following policies:
1) Lined-up all its customers for this precious commodity, in advance, with long-term contracts.
2) Ensured that it had constructed its own refining facilities, to eliminate the current, feeble excuse given by the Harper regime.
3) Scaled-back tar sands production until it had satisfactory answers to those two, ultra-obvious questions.
While the economic incompetence of Harper and his Conservative regime is legendary; not even the Conservatives could be so utterly clueless as to fail to ask themselves those two, obvious questions. And once realizing they had no answers to those questions; the appropriate policy responses are as obvious as the questions themselves.
Canada’s oil give-away (to the U.S.) is obvious treason, and it raises another obvious question. With the U.S.’s pariah government having knocked $50/barrel off of the price of oil, and with Canada previously selling its oil at the give-away price of roughly $60/barrel (i.e. before the U.S. economic terrorism); how much is the U.S. paying today for Canadian oil? Put another way; how much is Canada losing on every barrel of oil it gives-away to the U.S.? Is the U.S. paying anything, at all?
With tar sands oil costing between $60 – $100 per barrel to extract; Canada was already losing money on its tar sands oil before Barak Obama (and the bankers) launched their economic terrorism on the oil market. Apart from the obvious strategic reasons to cut-off Canadian oil production (until prices are once again at least quasi-legitimate); the Canadian economy cannot afford to lose this much money, giving away the world’s most-precious commodity. Harper’s treason has now descended into outright economic insanity.