Steve Watson
Infowars.net
July 10, 2008
The head of Organization of Petroleum Exporting Countries has warned that the world faces unlimited oil and gas prices should an attack on Iran take place.
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| During the Bilderberg conference held in Munich in 2005, Henry Kissinger told his fellow attendees that the elite had resolved to ensure that oil prices would double over the course of the next 12-24 months, which is exactly what happened. | |
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Abdalla Salem El-Badri, the OPEC secretary general, told reporters that because Iran is the second-largest producing country in OPEC, providing four million barrels of oil a day, the output would be impossible to replace.
Since August 2007, the price of oil has doubled from under $70 per barrel to more than $140 per barrel and rising.
With prices showing no sign of dropping, it is certain that any attack on Iran would spur on the rise for the foreseeable future.
It is clear that should an increasingly likely attack on Iran take place, the effects on the already shattered and dilapidated world economy would be devastating. Unlimited oil and gas prices will result in massive redistribution of resources from consumers to producers, and by making transportation and production that uses petroleum as an input, it will severely stunt economic growth. In short, war with Iran would kick off a worldwide energy crisis and an instant recession.
While neocon talking heads scramble to convince the masses that speculators are to blame for high prices, and not our governments, anyone who thinks for themselves knows that two continuing and escalating wars in the middle east, ongoing operational preparations to attack Iran and our slavery to inflationary monetary policies are the direct cause of high energy prices.
As Congressman Ron Paul succinctly stated last week before the House:
In order to pay for the war that has been going on, and the domestic spending, we’ve been spending a lot more money than we have. So what do we do? We send the bills over to the Federal Reserve and they create new money, and in the last three years, our government, through the Federal Reserve and the banking system, has created $4 trillion of new money. That is one of the main reasons why we have this high cost of energy and $4 per gallon gasoline.
But there is another factor that I want to talk about tonight, and that is not only the fear of inflation and future inflation, but the fear factor dealing with our foreign policy. In the last several weeks, if not for months, we have heard a lot of talk about the potential of Israel and/or the United States bombing Iran. And it is in the marketplace. Energy prices are being bid up because of this fear. It has been predicted that if bombs start dropping, that we will see energy prices double or triple. It is just the thought of it right now that is helping to push these energy prices up. And that is a very real thing going on right now.
As long as this environment of fear and threats exists, and as long as the people continue to accept life under this system, our standards of living will continue to diminish and we face the very real possibility of a "post-industrial revolution," which in layman’s terms translates as a global economic crash, another great depression and the total evisceration of the middle class.
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Which is exactly to the liking of the elite globalists who continue to profit from the degradation of the rest of humanity.
As we have previously reported, The ultra-secretive Bilderberg Group, a consortium of power brokers from banking, business, politics, academia and oil, met in Munich Germany in May 2005 when crude oil prices were around the $40 a barrel mark.
During the conference, Henry Kissinger told his fellow attendees that the elite had resolved to ensure that oil prices would double over the course of the next 12-24 months, which is exactly what happened.
During their 2006 meeting in Ottawa Canada, Bilderberg agreed to push for $105 a barrel before the end of 2008. This information was gleaned from sources inside Bilderberg who have proven reliable in the past. That figure has already been surpassed by $35 dollars as oil shot up past $140 dollars a barrel last week.
Now there is serious debate about oil crashing the $200 dollar a barrel level and beyond in the next year. If anything, the plan to hike oil prices up to $200 is on an accelerated course.
A report by Goldman Sachs Group Inc. in May forecasted that oil prices will reach $150 to $200 dollars a barrel within 2 years, a figure in line with the ultra-elite Bilderberg’s plans to squeeze the middle class and lower the living standards of westerners.
Around the same time, JPMorgan Chase & Co announced that they will begin trading oil by the end of the year with the bank’s global head of commodities saying that the market could rise to $200 a barrel.
Earlier this month Libya’s leading oil official, Shokri Ghanem, told Bloomberg TV: "It is out of our hands. $200 a barrel is not logical but even $135 is not logical, so yes oil could reach $200 a barrel. Why not?"
Gazprom, Russia’s gas monopoly, has also predicted that oil will even surpass $200 and reach $250 a barrel in 2009.
Far from having a crystal ball that allows us to divine the future, we were able to accurately predict the soaring cost of oil by simply listening to what the power brokers themselves were saying, through moles that managed to infiltrate Bilderberg meetings and obtain the information.
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